Property Management Authority (PMA)
The agreement appointing a licensed agency to manage a rental property on the owner's behalf, setting the fees, the scope of authority, and the manager's obligations to the owner.
A Property Management Authority (PMA) — also called a management agreement or managing authority — is the contract between a property owner and a licensed real estate agency that appoints the agency to manage a rental property. It sets the management fee, the leasing and letting fees, the scope of what the manager can do without further owner instruction, and the manager’s reporting and trust-accounting obligations.
In New Zealand the relationship sits under the oversight of the Real Estate Authority, with sector guidance from the Real Estate Institute of New Zealand. In Australia the equivalent management agreement operates under each state’s real estate and tenancy law, with the relevant state institute (for example REIQ, REIV, or REINSW) providing guidance.
Each PMA generates a stream of documents over the life of a management — the agreement itself, variations, tenancy agreements, notices, inspection records, and compliance evidence — that a property manager must be able to connect back to the property and produce on demand.
Primary source
Real Estate Institute of New Zealand (REINZ) →Last reviewed 21 May 2026. Rates, thresholds, and deadlines change — always verify against the primary source before making decisions.
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