What is one of the three key pieces of information found in the owner's covenants section of a property management agreement?

The owner's covenants section of a property management agreement is vital as it outlines specific obligations and assurances that the owner is responsible for fulfilling. One key piece of information typically included is the owner's affirmation regarding their financial status, specifically that they are not facing foreclosure. This assurance ensures that the property manager is aware of the legal and financial health of the property, which can directly impact management decisions and the overall viability of the property as a rental investment.

Understanding the owner’s financial status is crucial for effective property management. If an owner is facing foreclosure, it may lead to complications that could affect rent collection, property maintenance, and interactions with tenants. This information thus helps property managers assess risk and develop strategies for maintaining the property’s financial health.

Other options, while relevant to property management, do not belong specifically to the owner's covenants section. For instance, the manager's commission rate pertains to compensation and is typically found in a different part of the agreement. Similarly, the property maintenance schedule and the lease terms with current tenants are operational details that pertain to management practices rather than owner obligations. Hence, while all these aspects are important, the owner's financial assurance regarding foreclosure stands out in the context of covenants in the agreement.