Property Management
In Maine, a property manager hired to manage a rental property has a fiduciary duty to:
AMaximize profits regardless of tenant rights
BAct in the best interests of the property owner within the bounds of the law✓ Correct
CBoth the owner and tenant equally
DPrimarily the tenants as they are more vulnerable
Explanation
The property manager acts as the agent of the property owner and owes fiduciary duties to the owner. However, the manager must also comply with all laws protecting tenants and fair housing requirements — fiduciary duty does not authorize illegal acts against tenants.
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