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A property management agreement is established between a property manager and a property owner, outlining the manager's responsibilities, common charges, and contract inclusions. Property managers oversee and maintain properties and are often required to hold a license, with only six states not mandating this (Kansas, Maine, Maryland, Massachusetts, Vermont). Their duties can vary based on client preferences—some owners want full management while others retain certain controls like paying utility bills. Typically, property managers are tasked with rent and security deposit collection and efficiently filling vacancies.
