Property Management
An Ohio property manager who collects late fees from tenants must:
AKeep the late fees as personal income
BAccount for all late fees and remit them to the property owner per the management agreement✓ Correct
CSplit late fees equally with the tenant
DApply late fees to the property manager's expenses first
Explanation
All money collected by a property manager on behalf of the owner (including late fees) must be properly accounted for and remitted to the owner per the property management agreement.
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