Property Management
/ˈprɒpərti ˈmænɪdʒmənt/
Definitions
- (n.) The administration, operation, and oversight of real estate and rental properties, including maintenance, leasing, and compliance with relevant laws.
The property management company ensured the apartment complex complied with all safety regulations.
Related terms
See also
Commentary
In drafting agreements, clearly delineate duties and liabilities related to property management to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.