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Duties and Responsibilities of a Property Manager Determine the rent price. ... Prepare vacant units. ... Advertise rental vacancies. ... Screen and approve tenants. ... Prepare and enforce a lease agreement. ... Handle tenant complaints and issues. ... Collect and adjust the rent. ... Carry out property maintenance and repairs.
A management agreement is a legal contract through which a company enables another company to have control of another business's operations. Business owners often sign these written agreements directly with the management company.
A property management agreement is between a property owner and a manager that is hired to maintain the property. It is common for the manager to be paid a percentage (%) of the total revenue generated from the property plus fees for maintenance, leasing, and evicting tenants.