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Property management or management of residential and commercial real estate is similar to the management of any other business. Property management companies will manage the property on behalf of the land owner. In return for such service, they will charge some extra amount from the rent every month. The services provided by such companies include receiving rent, doing maintenance works on request of the landlord of the tenant, advertising for property owners and doing background checks on tenants. In case of large commercial properties, such a type of management is termed as facility management. Many countries require the property managers to be licensed real estate sales persons.

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