Property Management
Which document governs the relationship between a New Mexico property owner and their property manager?
AA lease agreement
BA property management agreement✓ Correct
CA buyer representation agreement
DA listing agreement
Explanation
A property management agreement is the contract between the property owner (principal) and the property manager (agent) that defines the scope of authority, duties, fees, and duration of the relationship.
Related New Mexico Property Management Questions
- In New Mexico, the maximum security deposit a landlord may charge for an unfurnished residential unit is:
- In New Mexico, a property manager who collects rents must deposit those funds into a trust account:
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- A New Mexico property manager's fiduciary duty to the owner includes which of the following?
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