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Owners with 5 or More Properties

Effective May 1, 2024 Individuals or Corporations with 5 or more rental properties contracting for property management services will be required to provide a copy of their Tax Return Transcripts from the most recent filing period.  Extensions will not be accepted.  Individuals will also have to submit their Credit Report.  The Broker will obtain a Business Credit Report for Corporations.  Corporations without a Business Credit Report will not be allowed to contract for property management services without all the Principals signing a personal guarantee for the Corporation and submitting their Credit Reports.