Management Agreement

Front

What is the primary purpose of the Management Agreement?

Back

To outline the responsibilities of the manager and owner

Front

The ________ is responsible for overseeing property maintenance, collecting rent, and managing ________ records.

Back

Manager, Financial

Front

According to the agreement, which of the following is a key duty of the manager? a) Selling the property, b) Handling property maintenance and repairs, c) Living in the managed property, d) Providing legal consultation

Back

Handling property maintenance and repairs

Front

The manager is compensated based on a percentage of ________ income or as otherwise agreed in the contract.

Back

rental

Front

Under what circumstances can the agreement be terminated? a) Only if the owner sells the property, b) If either party provides proper notice, c) If the manager decides to leave without informing the owner, d) Only if a court orders it

Back

If either party provides proper notice

Front

Is the manager responsible for ensuring that all financial records related to the property are properly maintained?

Back

True