Property Management
In Ohio, a property manager's 'management agreement' should specify the manager's authority to:
ASell the property on the owner's behalf
BEnter into leases, collect rents, and authorize repairs up to a specified dollar limit without owner approval✓ Correct
CRezone the property if needed
DFile tax returns for the property owner
Explanation
A management agreement typically authorizes the manager to lease the property, collect rents, and authorize routine repairs up to a defined threshold — while requiring owner approval for major expenses.
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