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Meaning of “property management” in the English Dictionary

"property management" in Business English

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property managementnoun [U]

uk   us   ( US also real estate management) PROPERTY
the ​management of ​land and ​buildings as a ​business, ​includingkeepingbuildings in good ​condition and ​rentingproperty: Agents usually ​charge 10-20% for ​propertymanagement which ​includesdraftingtenancyagreements, ​collectingrent, and ​arranging cleaning and ​repairs.
(Definition of property management from the Cambridge Business English Dictionary © Cambridge University Press)
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