Which of the following requirements is included in a management agreement?

A management agreement is a crucial document in property management, outlining the relationship between the property owner and the managing agent. One of the key elements included in such an agreement is the method of termination. This is vital because it establishes how either party can formally end the agreement, providing clarity and legal assurance.

By defining the termination process, the agreement ensures that both the property owner and the management company understand their rights and obligations should they wish to disengage from the contract. This could involve specific notice requirements, any grounds for termination, and the process that must be followed, which protects both parties in case of disputes or changes in circumstances.

Other options do not typically constitute mandatory components of a management agreement. While the owner's personal involvement, specific marketing strategies, and long-term investment planning could be discussed within the context of management, they are not universally required in all management agreements like the termination method is. Thus, focusing on the termination aspect emphasizes the importance of clarity and security in the professional relationship between the property owner and the management entity.