Property Management

A NH property management agreement typically grants the manager authority to do all of the following EXCEPT:

ACollect rents on behalf of the owner
BExecute leases within specified parameters
CSell the property on behalf of the owner✓ Correct
DArrange for routine maintenance and repairs

Explanation

A standard property management agreement authorizes the manager to collect rents, execute leases, and arrange for maintenance—but does NOT authorize the manager to sell the property. Selling real estate requires a separate listing agreement and, in most cases, the property owner's direct authorization.

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