Which aspect is NOT typically covered in a property management agreement?

The aspect that is not typically covered in a property management agreement is tenant demographics. Property management agreements primarily focus on the operational, financial, and legal responsibilities of the property manager and the compensation structure for their services. Areas such as management responsibilities detail the day-to-day operations, maintenance provisions, and legal compliance tasks expected of the manager. Service fees outline how the property manager will be compensated for their services based on the scope of work.

While understanding tenant demographics can inform strategic management decisions and marketing strategies, these specifics do not usually form part of the formal agreement. Instead, tenant demographics may be a consideration for the property manager in their overall approach, but they are not delineated within the contractual obligations and responsibilities established in a management agreement. Thus, this topic is more of an operational metric rather than a contractual obligation, separating it from other aspects that are explicitly outlined in the agreement.