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What is the difference between the Managing Agent and the Management Company?

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What is the difference between the Managing Agent and the Management Company?

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The Management Company is the legal body which is responsible for the management of the common areas of the development. The Managing Agent is a professional firm engaged by the Board of Directors of the Management Company to provide a range of services. The Management Company and the Managing Agents are two separate entities. The Managing Agent reports and works under the instruction of the Management Company.

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