Final answer:
A resident Referrals Fee is a fee charged to tenants who refer new residents to a property. The maximum amount can vary depending on the property management company and the terms of the referral program.
Step-by-step explanation:
A resident Referrals Fee is a fee charged by a property management company to tenants who refer new residents to the property. It is a way for the management company to incentivize current residents to help them find new tenants.
The maximum amount for a resident Referrals Fee can vary depending on the property management company and the terms of the referral program. Some companies may offer a fixed amount, such as $100 or $200, while others may offer a percentage of the new tenant's first month's rent.
Overall, the maximum amount for a resident Referrals Fee is determined by the management company and should be clearly outlined in the terms and conditions of the referral program.