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TXR 2202 — Commercial Property Management Agreement

This 10-page agreement establishes a sole and exclusive relationship between a commercial property owner and a broker for property management and optionally leasing services. It defines the broker's authority to collect rents, manage security deposits, hire contractors, handle evictions, negotiate l

Source: TXR
Form Number: 2202
Category: Other
Revised: April 1, 2014

Used For

Commercial Sales, RESIDENTIAL_LEASING

Form Outline

The TXR 2202 form is organized into the following sections:

  1. Parties
    Establishes the parties, entity type for non-individual owners, and the scope of broker's appointment as either management-only or management-and-leasing.
  2. Property
    Identifies the managed property by address, legal description, county, included personal property items, and reference to any Multiple Property Addendum.
  3. Term
    Sets the agreement's primary term dates and provides for automatic monthly extension with 30-day termination notice.
  4. Authority of Broker
    Defines the broker's comprehensive management and optional leasing authority, record-keeping obligations, security deposit procedures, performance standards, and limitations on insurance claims and attorney employment.
  5. Relationship, Compliance, Reserves, Advances, Representations, and Cooperation
    Establishes broker as independent contractor, requires legal compliance, sets reserve deposit requirements, addresses funding obligations, contains owner representations about title and property condition, and details owner cooperation duties.
  6. Insurance
    Requires owner to maintain liability insurance naming broker, property replacement insurance, and rental replacement insurance, with certificate delivery deadlines and broker remedies for non-compliance.
  7. Broker's Fees
    Defines nine categories of broker compensation including management fees, leasing fees, renewal fees, sale-related fees, service fees, trust account interest, administrative fees, legal proceeding fees, and other fees.
  8. Expense Reimbursement, Funds After Termination, Liability, Default, Mediation, and Attorney's Fees
    Covers expense reimbursement, post-termination fund handling, broker liability limitations and owner indemnification, default cure procedures, mandatory mediation, and prevailing party attorney's fees.
  9. Special Provisions, Addenda, Agreement of Parties, and Information
    Provides for special provisions, lists available addenda, establishes standard contract terms (entire agreement, assignment, binding effect, governing law), and includes required disclosures about fees and fair housing.

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