Property Management
A property manager notices the roof is leaking and needs repair. Without specific authorization for this expense, the manager should:
AIgnore it until the next owner inspection
BMake the repair if it is within the budget/authority limits of the management agreement✓ Correct
CRequire the tenant to pay for the repair
DReport it to AREC
Explanation
Property managers are typically authorized by the management agreement to approve ordinary repairs up to a specified dollar amount without additional owner approval.
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