Property Management
The regulations also require the MPO to observe the following
standards in its property management system:
- Develop a control system that includes adequate safeguards to prevent loss, damage, or theft of property, and provides for the investigation of any loss, damage, or theft.
- Use adequate maintenance procedures to keep the property in good condition.
- Use proper sales procedures to ensure the highest possible return if property is to be sold.
TPP field representatives review yearly the property management
of the MPO.