After its termination, how long must a written property management agreement be kept by the property manager?

The correct answer is that a written property management agreement must be kept for three years after its termination. This requirement is in line with Washington State law, which stipulates specific timeframes for retaining records related to property management. Keeping the records for this duration ensures that a property manager has access to pertinent documentation should any disputes or questions arise after the termination of the agreement.

Maintaining records for three years allows property managers to comply with regulatory standards and also serves to protect themselves legally and financially. If issues occur, such as disputes over fees or damages, having access to these documents provides crucial evidence for resolution.

In contrast, the other timeframes mentioned may exceed or fall short of this legal requirement, potentially leaving property managers at a disadvantage should they need to reference or produce documentation related to a former management agreement. Therefore, understanding this timeframe is essential for effective property management practices in Washington.