An application fee is a charge that is often required as part of the process of applying to rent a property. This fee is typically used to cover the cost of processing the application, including checking the applicant's credit history, employment history, and rental history. A management fee is a charge that is paid to a property manager for the services they provide in managing a rental property. These services can include collecting rent, handling maintenance and repair issues, and interacting with tenants. The management fee is usually a percentage of the monthly rent collected from the property. In summary, an application fee is a one-time charge that is paid by a prospective tenant when applying to rent a property, while a management fee is an ongoing charge that is paid to a property manager for managing the property.