Property Management
A management agreement between a property manager and an owner must include:
AA guarantee of minimum rental income
BThe scope of the manager's authority, management fees, and the term of the agreement✓ Correct
CA list of all prospective tenants
DA fixed lease rate for all units
Explanation
A management agreement must clearly define the scope of the manager's authority and responsibilities, the management fee structure, the term of the agreement, and other key terms.
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