-------------------------------------------------- DRAFT FOR ATTORNEY REVIEW ONLY This document is a structured preparation draft only. It does not constitute legal advice and must be reviewed and finalized by a qualified property law attorney before it is signed or relied upon by either party. -------------------------------------------------- PROPERTY MANAGEMENT AGREEMENT — DRAFT FOR ATTORNEY REVIEW Document Ref: PMA-2026-001 Date of Preparation: June 1 2026 PROPERTY OWNER: Rajesh Mehta Mumbai Maharashtra India Email: [owner email] PROPERTY MANAGER: PropCare Realty Pvt Ltd Mumbai Maharashtra India RERA License: MH-RERA-PM-4421 Email: [manager email] 1. RECITALS 1.1 Rajesh Mehta is the registered owner of a residential apartment in Andheri West Mumbai Maharashtra India which he wishes to make available for residential letting. 1.2 PropCare Realty Pvt Ltd is a RERA- registered property management company based in Mumbai with the experience and licensing required to provide residential property management services in Maharashtra. 1.3 Both parties confirm mutual intent to document the terms of this property management arrangement through this agreement. 2. DEFINITIONS 2.1 Property Owner: Rajesh Mehta. 2.2 Property Manager: PropCare Realty Pvt Ltd. 2.3 Property: The furnished 2BHK residential apartment located at Andheri West Mumbai Maharashtra India as described in Section 5 of this agreement. 2.4 Tenant: Any person who enters into a residential tenancy agreement for the Property arranged by the Property Manager under this agreement. 2.5 Rent: The monthly amount payable by the Tenant for occupation of the Property. 2.6 Management Fee: 8 percent of monthly rent collected as described in Section 14 of this agreement. 2.7 Letting Fee: One month rent payable when a new tenancy commences as described in Section 15 of this agreement. 2.8 Maintenance Reserve: INR 15,000 held in trust to cover routine maintenance expenditure. 2.9 Trust Account: The account held by PropCare Realty Pvt Ltd in which all rental monies collected are held in accordance with applicable requirements. 2.10 Effective Date: The date on which both parties sign this agreement. 3. APPOINTMENT OF PROPERTY MANAGER 3.1 Rajesh Mehta appoints PropCare Realty Pvt Ltd as his exclusive authorized agent to manage, let, and maintain the Property on the terms set out in this agreement. 3.2 PropCare Realty Pvt Ltd accepts this appointment and will act at all times in the best interests of Rajesh Mehta in the management of the Property. 3.3 Note: The scope of agency authority granted to a property manager in Maharashtra must comply with applicable RERA provisions and general agency law. A qualified attorney must confirm the appropriate form and scope of this appointment before this agreement is finalized. 4. PROPERTY MANAGER LICENSE 4.1 PropCare Realty Pvt Ltd holds and will maintain RERA license MH-RERA-PM-4421 and all other registrations required to provide property management services in Maharashtra throughout the term of this agreement. 4.2 PropCare Realty Pvt Ltd will promptly notify Rajesh Mehta if any license or registration is suspended, cancelled, or otherwise affected. 5. PROPERTY DESCRIPTION 5.1 The Property is a furnished 2-bedroom 2-bathroom residential apartment located in Andheri West Mumbai Maharashtra India. 5.2 Rajesh Mehta confirms the Property is in a condition suitable for residential letting at the commencement of this agreement. 5.3 PropCare Realty Pvt Ltd will prepare a written and photographic condition report documenting the condition of the Property and all furnishings at the commencement of each tenancy. 6. SCOPE OF MANAGEMENT SERVICES PropCare Realty Pvt Ltd will provide the following services under this agreement: 6.1 Tenant Sourcing and Letting: Advertising the Property on appropriate online platforms, conducting tenant viewings, processing tenant applications including identity and reference checks, recommending suitable tenants to Rajesh Mehta for approval, and preparing and executing tenancy agreements. 6.2 Rent Collection: Collecting monthly rent from Tenants, holding all collected amounts in trust, deducting authorized fees and disbursements, and remitting net rental income to Rajesh Mehta monthly. 6.3 Quarterly Inspections: Conducting routine property inspections quarterly with appropriate tenant notice as required by applicable law, and providing Rajesh Mehta with a written inspection report following each inspection. 6.4 Maintenance Coordination: Arranging routine maintenance and repairs up to INR 5,000 per item without prior approval, obtaining Rajesh Mehta's prior written approval for maintenance works exceeding INR 5,000, and maintaining records of all maintenance works arranged. 6.5 Monthly Financial Statements: Providing Rajesh Mehta with a monthly statement showing rent received, fees and disbursements deducted, and net amount remitted. 7. MANAGEMENT FEE 7.1 The management fee is 8 percent of monthly rent actually collected from the Tenant. 7.2 The management fee is deducted from rent collected before remittance to Rajesh Mehta. 7.3 The management fee covers all standard management services described in Section 6 of this agreement. 8. LETTING FEE AND ADDITIONAL FEES 8.1 Letting Fee: One month rent payable when a new tenancy commences and the first month rent is received from the Tenant. 8.2 Additional fees that may apply: 1. Lease renewal fee: To be agreed in writing before each renewal. 2. Tribunal representation: Actual costs incurred with prior written approval of Rajesh Mehta. 3. Maintenance coordination above INR 5,000: To be agreed in writing. 9. MAINTENANCE RESERVE 9.1 Rajesh Mehta will maintain a maintenance reserve of INR 15,000 held by PropCare Realty Pvt Ltd in trust to cover routine maintenance expenditure. 9.2 The reserve will be replenished from rental income when drawn upon. 9.3 The reserve will be returned to Rajesh Mehta within 14 days of termination of this agreement less any amounts properly drawn for authorized maintenance. 10. TRUST ACCOUNTING 10.1 All rental monies collected by PropCare Realty Pvt Ltd will be held in a trust account in accordance with applicable Maharashtra and RERA requirements. 10.2 Note: Trust accounting obligations for property managers under RERA and applicable Maharashtra law must be confirmed with a qualified attorney and the relevant authority before this agreement is finalized. 11. TERM AND TERMINATION 11.1 The initial term of this agreement is 12 months from the Effective Date. The agreement continues from month to month thereafter unless terminated. 11.2 Either party may terminate with 60 days written notice to the other party. 11.3 Upon termination PropCare Realty Pvt Ltd must transfer all tenancy records, executed tenancy agreements, condition reports, keys, and trust monies to Rajesh Mehta or his nominated incoming manager within 14 days. 12. GOVERNING LAW AND DISPUTES 12.1 Laws of Maharashtra India and applicable RERA provisions govern this agreement. 12.2 Disputes will first be addressed through direct good-faith negotiation. If unsuccessful, disputes may be referred to the appropriate consumer forum or RERA authority. SIGNATURE BLOCK: Note: Both parties must have this agreement reviewed by a qualified property law and RERA attorney before signing. Applicable RERA compliance, trust accounting obligations under Maharashtra law, and tenancy legislation requirements must all be confirmed before management services commence. Rajesh Mehta (Property Owner) Signature: ________________ Date: ____________________ PropCare Realty Pvt Ltd RERA License: MH-RERA-PM-4421 Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ -------------------------------------------------- This Property Management Agreement draft was generated by an AI drafting tool as a structured preparation and documentation aid only. It does not constitute legal advice. Always have this document reviewed by a qualified property law attorney before either party signs or acts upon it. --------------------------------------------------