DMS Properties, LLC ...
Crain Highway, Suite 305, Waldorf, MD 20603
Post Office Box 2051, Waldorf, MD 20604
Management Document Library!
Below you will find many of the documents
that we use for property rental transactions and for
property management. They are all legally-binding
contract documents that were written and approved by
either the Maryland Real Estate Commission, the Maryland
Association of Realtors or one of the local real estate
Boards or Associations.
Whom Real Estate Agents Represent ...
also referred to as the "agency"
disclosure is required to be signed by any buyer,
seller, landlord or tenant who is using a REALTOR
to assist in a transaction, but is
"unrepresented" during the transaction.
It explains the roles of the various in the
transaction. Beginning on October 1, 2016, if
there is a buyer/tenant representation agreement
or rental listing agreement in place, then the
parties are represented and this form is not
For Dual Agency is a disclosure form wherein the
parties to the transaction acknowledge that the
same Real Estate Brokerage Company (through two
different real estate agents) is representing
both the buyer and seller or landlord and tenant
in a single transactrion. All of our sellers and
homeowners sign this form to allow us to
adequately market their property. Any potential
buyer or tenant who wishes for us to show them
one of our listings MUST SIGN THIS DISCLOSURE
BEFORE WE CAN SHOW THE PROPERTY.
Listing Agreement, which we sometimes
refer to as our tenant placement service
agreement, authorizes DMS Properties, LLC
... Residential Real Estate Services to
market a property for rent. There is also an HTML
8 Election formis used by aproperty owner
who wishes to opt out of the Section 8
Rent Subsidy Program. You can learn more
about that at the Department of Housing and Urban
Development. Owners of properties located in Montgomery
County and Howard County
CANNOT opt out of the due to local
Fair Housing Laws. We'll be adding
information about the Fair Housing Laws that are
specific to each County. If you own a property
that you'd like to get qualified for the Program,
let us know and we'll help you with that process,
Box Authorization is used when a homeowner
authorizes us to place a lock box on the property
so that it can be shown to potential tenants or
to allow access by contractors who are making
Paint disclosures and information about
the Federal requirements and the Maryland laws
regarding rental properties and lead-based paint
in the home. If your property was built AFTER
January 1, 1978, the property does not have
potential liability for issues involving
lead-based paint. If the home was built BEFORE
1978, thought, it must be tested. We are working
on developing a section on Maryland
Lead-Based Paint Certification. based on
the new 2015 law.
Management Agreement outlines
the services that DMS Properties, LLC ...
Residential Real Estate Services will
provide to landlords and tenants, along with the
duties and responsibilities of the property
owner. You can also view an HTML
Application that we use to process the
applications for porential tenants at your
properties. DMS Properties, LLC ...
Residential Real Estate Services will
manage your property regardless of how you find
the tenants or what Real Estate Brokerage Company
lists the property to find the tenant.
Management Information Sheet is a form that you
complete that tells us everything you know about
the home. We use this information as part of the
tenant move-in and move-out inspection process.
of Lease for Maryland is signed by both the
owners of the property and the tenants; it
provides all of the terms and conditions of the
rental and is what we use if we need to go to
District Court for a Failure to Pay Rent Hearing.
o that both potential landlords and tenants can
see the provisions. This Lease complies with
Maryland law. If you wish to have provisions
added or subtracted, we can certainly discuss
that ... as long as the changes conform to
Maryland law. You can also review the HTML
Condition Report, which we will complete
at the beginning of the lease term. This is used
to evaluate the condition of the property at the
end of the lease term for distribution of the
Agreement for Automatic Deposits (ACH Credits)
for handling the rent payments and distributions
to the property owners. This document, along with
a voided check from your bank account, is
required to set up the direct deposit system for
collecting and distributing your rent payments
and receipts. Most of our landlords now have
their rent proceeds sent to them by electronic
Statement that we send out each month so
taht our homeowners can track their rental income
Directory, where we tell you about the
contractors and businesses that we believe will
do a great job for you!
||Return On Investment excel spreadsheet that
will help you calculate the potential ROI for
purchasing a property ... this isn't only a
valuable tool for rental properties!! We can
explain why. We also have other tools to help
with this through our affiliation with OwnAmerica.
that you find all of this information helpful ... and
believe that the entire process goes more smoothly if you
have the information that you need as quickly as
possible. We look forward to working with you!!