Under what condition can an unlicensed individual manage property?

An unlicensed individual can manage property when they own the property themselves. This is a fundamental principle in property management and real estate practices. The reason for this rule is rooted in the notion that ownership confers the right to manage and make decisions regarding the property.

When a person is the owner, they are operating within their rights to handle the property, including the responsibilities that come with renting or leasing it. This includes setting rental terms, collecting rent, and handling maintenance issues without the need for a license, as they are acting in their own interest rather than for another party.

The other conditions listed, while they may illustrate relationships to the property owner, do not meet the standards for unlicensed property management. Maintaining a personal relationship, such as being friends with the owner or being related, does not provide the same legal authority to manage property. Additionally, managing property rented for less than a year may still require a license depending on the circumstances and local laws, so it does not provide a blanket exemption. Thus, ownership remains the clear and valid condition under which an unlicensed individual can manage property.