[Code of Federal Regulations]
[Title 41, Volume 4]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR302-15.1]

[Page 243-244]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
                   CHAPTER 302--RELOCATION ALLOWANCES
 
PART 302-15--ALLOWANCE FOR PROPERTY MANAGEMENT SERVICES--Table of Contents
 
                Subpart A--General Rules for the Employee
 
Sec. 302-15.1  What are ``property management services''?

    Note to Subpart A:  Use of the pronouns ``I'' and ``you'' throughout 
this subpart refers to the employee.

[[Page 244]]


    ``Property management services'' are programs provided by private 
companies for a fee, which help an employee to manage his/her residence 
at the old official station as a rental property. These services 
typically include, but are not limited to, obtaining a tenant, 
negotiating the lease, inspecting the property regularly, managing 
repairs and maintenance, enforcing lease terms, collecting the rent, 
paying the mortgage and other carrying expenses from rental proceeds 
and/or funds of the employee, and accounting for the transactions and 
providing periodic reports to the employee.