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A property management agreement outlines the responsibilities of a property manager and the property owner. Property managers oversee and maintain properties and often require a license, with only six states not mandating one. Their duties vary based on client preferences; some owners allow managers full control, while others maintain some responsibilities, like paying utility bills. Common tasks include collecting rent and security deposits and promptly filling vacancies. The specifics of management charges and contract inclusions are also important considerations when establishing the agreement between the property owner and manager.