Property Management
A Vermont property management agreement should include:
AOnly the property address and manager's name
BScope of services, management fee, authority to collect rents, maintenance responsibilities, and term of agreement✓ Correct
CThe property's assessed value and current mortgage balance
DA list of approved tenants
Explanation
A property management agreement should clearly define the scope of services, compensation structure, authority granted (including rent collection), maintenance responsibilities, reporting requirements, and the term of the agreement.
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