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A Virginia property management agreement is established between a property manager and a property owner, outlining their roles and responsibilities. Property managers oversee and maintain properties, with tasks varying based on client preferences. Some owners prefer full management, while others wish to maintain control over certain tasks, like utility payments. Typical responsibilities include collecting rent and security deposits, filling vacancies, negotiating and renewing leases, enforcing lease terms, coordinating maintenance and repairs, managing lawn care and snow removal, providing profit and loss reports, handling utility payments, and managing evictions, among other duties. The agreement should include specific property management rules relevant to Virginia.