Property Management
In South Dakota, which of the following represents the 'leasing fee' for a property manager versus the 'management fee'?
ALeasing fee is for month-to-month tenants; management fee is for annual leases
BLeasing fee is a one-time charge for finding and placing a new tenant; management fee is ongoing for day-to-day management✓ Correct
CManagement fee is for commercial properties; leasing fee is for residential
DBoth fees are identical in South Dakota
Explanation
A leasing fee (typically one month's rent) is charged once to find and place a tenant. The management fee (typically 8–12% of rent) is charged monthly for ongoing property management services.
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