Property Management
A property manager's PRIMARY duty is to:
AMaximize the value and income of the property on behalf of the owner✓ Correct
BRepresent the interests of the tenant first
CComply with HOA rules
DMarket properties for sale
Explanation
A property manager is an agent of the property owner. Their primary duty is to manage the property in a way that maximizes income, preserves the value of the asset, and serves the owner's investment objectives.
Related Alabama Property Management Questions
- A net lease (NNN) requires the tenant to pay:
- The Americans with Disabilities Act (ADA) requires commercial property owners to:
- The implied warranty of habitability requires Alabama landlords to:
- Which of the following is a responsibility of the property manager related to fair housing?
- A gross lease requires the tenant to pay:
- The Alabama Uniform Residential Landlord and Tenant Act (URLTA) governs:
- When a tenant sublets property to a subtenant, the primary (original) tenant becomes a(n):
- In Alabama, a property manager who negotiates leases and collects rent on behalf of an owner typically must have:
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