Other

TXR 2201 — Residential Leasing and Property Management Agreement

Texas REALTORS agreement in which an owner appoints a broker as the exclusive leasing and managing agent for residential property. It sets the parties, property and term (with automatic monthly extension), a summary of the owner's reserve and the broker's management, leasing, renewal, maintenance-coordination, insurance/legal, sale and termination fees, the broker's authority to market, lease, collect rent, repair and spend within limits, trust-account handling, the owner's insurance and other duties, and termination and off-boarding terms.

Source: TXR
Form Number: 2201
Category: Other
Revised: January 5, 2026

Used For

Residential Sales, RESIDENTIAL_LEASING

Form Outline

The TXR 2201 form is organized into the following sections:

  1. 1. PARTIES
    Owner (with entity type and signing authority if not an individual) and Broker — names, addresses, phones and e-mail. Owner appoints Broker as sole and exclusive leasing and managing agent (¶1B).
  2. 2. PROPERTY
    Address (include unit nos.), legal description, county and any non-real-property items. "Property" also includes any property described in an attached Multiple Property Addendum.
  3. 3. TERM
    Primary Term commencement and expiration dates; automatic month-to-month extension unless 30 days written notice; Broker may modify terms on 30 days notice after the Expiration Date — Owner must terminate within the stated number of days or the new terms are deemed accepted (¶3C).
  4. 4. SUMMARY OF FEES
    I. Reserves (¶5) — the per-unit reserve. II. Broker's Fees (¶6) — management, leasing, renewal/extension, maintenance coordination, insurance/casualty/legal-proceeding fees, and sale coordination fees. III. Termination (¶13) — amounts due when the agreement ends and the off-boarding service fee.
  5. 5. RESERVES
    Owner deposits the ¶4(I) reserve into Broker's trust account on execution; Broker may use it for any leasing/management expense and replenish it from rents or by requesting funds. No blanks.
  6. 6. BROKER'S FEES
    Where fees are payable; when each fee under ¶4(II) is earned and payable; interest on trust accounts, administrative fees, benefit-program compensation; and ¶6J Other.
  7. 7. AUTHORITY OF BROKER
    26 enumerated leasing and management powers (¶7A), record keeping, security deposits, deductions and offset, insurance and attorneys, trust accounts / MLS / keybox / listing content, performance standard, the emergency contact when Owner cannot be reached (¶7H), foreclosure (¶7I) and fund-sharing within a portfolio (¶7J).
  8. 8. LEGAL COMPLIANCE / 9. ADVANCES
    Compliance with the Texas Property Code, fair housing laws and restrictive covenants; Owner advances all funds — Broker is not obligated to advance money or perform repairs except for tenant health/safety or securing the Property. No blanks.
  9. 10. OWNER'S REPRESENTATIONS
    Ownership, no conflicting agreements, no delinquencies, optional common-area user fees, accuracy of information and listing-content copyright (¶10A); property condition and known health/safety conditions (¶10B); lead-based paint addendum for pre-1978 homes (¶10C).
  10. 11. OWNER'S COOPERATION / 12. INSURANCE
    Owner's cooperation obligations (¶11A–O). Owner must maintain public liability insurance naming Broker as co-insured in at least the stated amount and property insurance with vacancy endorsements; certificates within 15 days of the Commencement Date; Broker may purchase insurance at Owner's expense if Owner fails to (¶12).
  11. 13. TERMINATION
    Fees on termination per ¶4(III); no services after termination except off-boarding services, for which Broker's ¶7 authority is extended a stated number of days; funds received after termination are split — a stated % to Broker, the balance to Owner.
  12. 14. EXPENSE REIMBURSEMENT / 15. COOPERATION WITH OTHER BROKERS / 16.–19.
    Expense reimbursement (¶14); the amounts Broker's policy offers other brokers who represent a tenant (¶15 — check one box only); liability and indemnification (¶16); default (¶17); mediation (¶18); attorney's fees (¶19).
  13. 20. SPECIAL PROVISIONS / 21. ADDENDA / 22. AGREEMENT OF PARTIES / 23. INFORMATION
    Special provisions (open space on page 11); the ¶21 addenda checklist (A–L printed, M–P write-in); agreement-of-parties boilerplate; information notices, including the ¶23G foreign-person notification.
  14. Signatures (page 13)
    Broker's printed name and license number, the Broker's / Broker's Associate's signature line (check which capacity), the associate's printed name, and two Owner printed-name / signature / date blocks. Signature lines are e-sign tabs.

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