Property Management
A management agreement between a Mississippi property owner and a property manager should include:
AOnly the rental rate and term
BThe scope of authority, management fees, reporting requirements, and duration of the agreement✓ Correct
COnly the management fee structure
DMREC-mandated form language only
Explanation
A comprehensive management agreement should specify the manager's authority, management fees, reporting obligations, maintenance responsibilities, and the duration of the management relationship.
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