Property Management
A property manager's management agreement with a Mississippi property owner should include all of the following EXCEPT:
AManagement fee structure
BScope of management services
CPersonal guaranty of tenant rent payments✓ Correct
DDuration and termination provisions
Explanation
A property manager is not required to personally guarantee tenant rent payments—that would be an unusual and inappropriate assumption of financial risk. The management agreement covers fees, scope of services, authority, and term.
Related Mississippi Property Management Questions
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