True or False: The property must be identified but not necessarily the address.

Identifying the property is essential in property management, as it establishes clarity about which real estate is being discussed or managed. In many contexts, especially in contractual agreements or legal documentation, the property itself must be clearly identified to avoid any misunderstandings. While typically the property address is the most straightforward way to identify it, the statement suggests that simply identifying the property in some form—such as its legal description or property identification number—suffices. Therefore, it does not mandate the necessity of the address as long as there is a clear understanding of which property is being referred to.

This flexibility is articulated in various property management practices, where specific identifiers can meet legal requirements without strictly adhering to the conventional address format. In some cases, especially in larger legal documents or contracts, the detailed identification through other means can actually take precedence over the address for clarity and specificity.