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The standard liter per minute (SLM or SLPM) is a unit of (molar or) mass flow rate of a gas at standard conditions for temperature and pressure (STP), which is most commonly practiced in the United States, whereas European practice revolves around the normal litre per minute (NLPM). [1]
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.