Property Management
A property manager in Montana is responsible for managing a commercial strip mall. Their management fee is typically based on:
AThe assessed value of the property
BA percentage of collected rents or gross revenues✓ Correct
CA flat annual fee only, regardless of performance
DThe number of tenants in the building
Explanation
Commercial property management fees are typically calculated as a percentage of collected rents or gross revenues. This aligns the manager's compensation with the performance of the property.
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