What should a property management contract include for Madeira Canyon properties?

A property management contract for your Madeira Canyon rental should clearly state the management fee percentage and when it applies, the leasing/placement fee structure, any additional fees (renewal, setup, maintenance markup), the contract term and termination notice requirements, the scope of services included, how owner funds are handled and disbursed, insurance and liability provisions, and what guarantees are offered. For Madeira Canyon properties, ensure the contract addresses HOA compliance management and any community-specific requirements. At Innova Realty & Management, our management agreement is transparent — 7% management fee, flat $695 leasing fee, no setup fee, and all four guarantees (Eviction, Tenant Placement, Rent, and Communication) clearly documented.