Property Management (alternative)
In Maryland, a property manager is required to give the property owner a written accounting of all funds received and disbursed:
AOnly at the end of the management agreement
BAs specified in the management agreement, typically monthly✓ Correct
COnly when the owner requests it
DQuarterly, regardless of the agreement terms
Explanation
Property management agreements typically specify the frequency of financial reporting. Managers must account for all funds as required by the agreement, typically on a monthly basis, to fulfill their fiduciary duty.
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