Property Management
A Colorado property manager's primary professional responsibility is:
AMaximizing occupancy at any cost
BActing in the best interests of the property owner while complying with all applicable laws✓ Correct
CKeeping all tenants happy regardless of financial impact on the owner
DMinimizing all property maintenance expenditures
Explanation
A property manager in Colorado acts as an agent for the property owner and has a fiduciary duty to act in the owner's best interests, while also complying with fair housing, landlord-tenant statutes, and license law.
Related Colorado Property Management Questions
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- Colorado's 'Notice to Quit for Substantial Violation' (non-payment of rent aside) gives the tenant how many days to cure the violation?
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- Under Colorado's 'Protect Tenants from Evictions Act' (C.R.S. § 13-40-107.5), a landlord must provide at least how many days' notice to cure before evicting a tenant for non-payment of rent?
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- In Colorado, a residential property manager who violates a tenant's right to quiet enjoyment by entering the unit repeatedly without proper notice may face:
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