Property Management
A Connecticut property manager is asked to manage a commercial building. The management agreement should include provisions for all of the following EXCEPT:
AThe scope of management services
BHow the manager will handle leasing authority
CThe manager's guarantee to maintain 100% occupancy✓ Correct
DThe fee structure and how it is calculated
Explanation
No property manager can guarantee 100% occupancy—occupancy depends on market conditions, tenant behavior, and other factors. Management agreements specify the manager's services, fees, authority, and duration—but not guaranteed occupancy.
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