Money & fees
Property management agreement
Contract between owner and operator covering revenue share, marketing, staffing, and maintenance SLAs.
A property management agreement governs how an operator markets your villa, hires teams, buys supplies, and reports numbers—often for a percentage of gross around the mid-teens to mid-twenties depending on services.
Distinguish legally from building automation Building Management System jargon—the same three letters confuse newcomers.
See also: Knowledge base