Property Management
A NH property manager who collects rent on behalf of an owner must remit the rent (less management fees) to the owner:
AAt the end of the calendar year
BAccording to the timing specified in the property management agreement, typically monthly✓ Correct
COnly when the owner requests payment
DWithin 90 days of collection
Explanation
The property management agreement sets the schedule for remitting collected rents to the property owner—typically monthly. A property manager who fails to promptly remit owner funds or who retains funds beyond what is authorized may face liability for breach of fiduciary duty.
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