Property Management
A Minnesota property management company that manages both residential and commercial properties must ensure their property management agreements are:
AIdentical for all property types
BSpecific to each property type and tailored to the unique legal requirements and operational needs of residential vs. commercial management✓ Correct
COral for commercial and written for residential
DReviewed annually by the Department of Commerce
Explanation
Residential and commercial property management require different contracts. Residential management must address landlord-tenant law requirements (habitability, security deposits, notice periods).
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