Contracts
An Alaska property management agreement is best described as a(n):
ASales contract between owner and tenant
BAgency agreement authorizing the property manager to act on behalf of the property owner✓ Correct
CLease agreement between the manager and tenants
DPartnership agreement between the owner and manager
Explanation
A property management agreement is an agency agreement in which the property owner authorizes the manager to act as their agent in managing the property — including collecting rents, enforcing leases, arranging maintenance, and sometimes negotiating new leases — within the scope defined in the agreement.
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