Property Management
A Connecticut property manager's primary duty is to:
AMaximize the manager's own income
BAct in the best interests of the property owner (principal)✓ Correct
CRepresent tenant interests above all others
DMinimize maintenance costs regardless of property condition
Explanation
A property manager is a fiduciary agent of the property owner and must always act in the owner's best interests, which includes maximizing net income, maintaining the property, and complying with all applicable laws.
Related Connecticut Property Management Questions
- A Connecticut property management agreement states the manager will receive 8% of gross rents collected. The property collects $85,000 in rents in one year. What is the management fee?
- A Connecticut landlord wants to renovate an occupied apartment building. During construction, a tenant's unit is rendered uninhabitable for 2 weeks. Under Connecticut law, the tenant may:
- A Connecticut residential lease for one year or longer must be:
- A Connecticut commercial landlord must provide tenants with the Americans with Disabilities Act (ADA) 'barrier removal' accommodations when:
- Which term describes the systematic replacement of building components (roof, HVAC, appliances) using accumulated reserves?
- A Connecticut apartment tenant has been on a month-to-month lease for 3 years. The landlord wants to substantially increase the rent. Under Connecticut law, the landlord must give how much notice before a rent increase takes effect?
- Which type of commercial lease aligns the landlord's income with the success of the tenant's retail business?
- A Connecticut tenant's apartment is damaged by fire caused by the tenant's negligent cooking. Under Connecticut law, who is responsible for repairs?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →