Property Management
A Montana property manager using a written management agreement is important because it:
AIs only needed for properties with more than 10 units
BDefines the scope of the manager's authority, compensation, and responsibilities, protecting both parties✓ Correct
CAutomatically grants the manager power of attorney over the property
DReplaces the need for a property management license
Explanation
A written management agreement is essential in Montana because it defines the manager's authority (what decisions they can make), compensation structure, reporting requirements, maintenance authority, and termination procedures. It protects both the manager and property owner and is the foundation of a professional management relationship.
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