Property Management
A South Dakota property management agreement should include all of the following EXCEPT:
AManagement fee structure
BScope of authority to spend owner funds
CThe owner's social security number✓ Correct
DTerm and termination provisions
Explanation
While a management agreement needs financial and authority provisions, including an owner's social security number in the agreement itself is not a required element and raises privacy concerns.
Related South Dakota Property Management Questions
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- In South Dakota, which organization certifies property managers with the Certified Property Manager (CPM) designation?
- In South Dakota, how many days' notice must a landlord typically give before entering a tenant's unit for non-emergency repairs?
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