Property Management
A Michigan property manager's management agreement should specify all of the following EXCEPT:
AManagement fee structure
BAuthority to make repairs up to a specified dollar amount
CThe property manager's personal financial information✓ Correct
DReporting requirements and accounting procedures
Explanation
A property management agreement typically covers fees, management authority (including repair limits), reporting schedules, term, and termination provisions. The manager's personal financial information is not a component of the management agreement.
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