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Property management refers to the operation, control, and oversight of real estate properties on behalf of the property owner. This involves a range of tasks including collecting rent, handling maintenance and repairs, managing tenant relationships, and ensuring that the property complies with local laws and regulations. Property managers may also be responsible for marketing vacant properties, screening potential tenants, and managing lease agreements. The primary goal of property management is to maximize the value and return on investment of the property while providing a satisfactory living environment for tenants. Property management can apply to various types of real estate, including residential, commercial, and industrial properties.
Two retail lease agreements have been recently signed, resulting in full occupancy for shopping centers in Somerset and Monmouth counties, according to a statement by Levin Management Corp. The company,…