Questions: The role of a property manager is established by a written agreement (a) Service contract (b) Temporary employment contract (c) Management agreement (d) Independent contractor agreement

The role of a property manager is established by a written agreement (a) Service contract (b) Temporary employment contract (c) Management agreement (d) Independent contractor agreement
Transcript text: The role of a property manager is established by a written agreement (a) Service contract (b) Temporary employment contract (c) Management agreement (d) Independent contractor agreement
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Solution

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Answer

The answer is (c) Management agreement

Explanation
Option 1: Service contract

A service contract generally refers to an agreement between a service provider and a client, detailing the terms of service. While it can include property management services, it is not the specific term used to establish the role of a property manager.

Option 2: Temporary employment contract

A temporary employment contract is used for hiring employees for a short-term period. This is not typically used to define the role of a property manager, who usually has ongoing responsibilities.

Option 3: Management agreement

A management agreement is the correct term for the written agreement that establishes the role of a property manager. This document outlines the duties, responsibilities, and compensation of the property manager, as well as the terms and conditions of the management services provided.

Option 4: Independent contractor agreement

An independent contractor agreement is used when hiring an individual or company to perform services as an independent contractor. While a property manager could be an independent contractor, the specific agreement that defines their role is still called a management agreement.

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