Property Management
A Colorado property manager's written management agreement must specify:
AA. Only the property address
BB. The scope of authority, compensation, duration of the agreement, and property owner's obligations✓ Correct
CC. Only the management fee percentage
DD. The tenant's credit score requirements
Explanation
A property management agreement must clearly define the scope of the manager's authority (what the manager can do without prior approval), the management fee and other compensation, the term of the agreement, the owner's obligations, and how the agreement may be terminated. This protects both parties.
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