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management agreement |
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management agreement A contract between the owner of income-producing property and another, who will manage the property. Management companies offer a wide variety of services and fee schedules,some charging a percentage of collected rents in return for a package of services and others charging a different fee for minimal services and then a menu of extras for varying charges.There is often a minimal monthly fee.(Always determine if there are additional charges for any of the services.) Services can include some or all of the following: • Collection of rents Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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