Answer:
In an owner-manager agreement between a property manager and owner, it is appropriate to include compensation, maintenance responsibilities, and tenant screening criteria but not the personal preferences of the property manager.
Step-by-step explanation:
An owner-manager agreement between Jeffrey, a property manager, and Pete, a property owner, should encapsulate key elements to ensure a clear understanding of the responsibilities and expectations for both parties. However, not all potential inclusions are pertinent to the professional relationship. Such an agreement should definitely include a) Compensation structure, so both parties know how Jeffrey will be paid for his services, b) Maintenance responsibilities, to outline who is responsible for property upkeep and repairs, and c) Tenant screening criteria, to ensure that tenants meet certain standards before leasing. However, personal preferences of the property manager should not be included in the agreement since it is not relevant to the property owner and does not reflect professional requirements for managing the property.
The discussion about price ceilings hints at the complexities of the housing market, especially in reference to the balance of interests between landlords and renters. It serves as a reminder that an owner-manager agreement should focus on the effective and efficient management of the property, aiming to satisfy the interests of the property owner and maintain the quality of housing for tenants.