Property Management

In Rhode Island, what is a 'property management agreement'?

AA lease between landlord and tenant
BA contract defining the scope of the property manager's authority and responsibilities for managing a property owner's asset✓ Correct
CA deed transferring management rights to the property manager
DA government permit to operate a rental property

Explanation

A property management agreement is a contract between a property owner and a property manager that defines the manager's authority, duties, compensation, and the scope of management services to be provided.

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