Property Management

A Montana property manager overseeing a building with aging infrastructure must advise the property owner about capital improvement planning because:

ACapital improvements are always the tenant's responsibility
BDeferred maintenance and aging systems can result in emergency failures, higher costs, liability, and reduced property value and marketability✓ Correct
CCapital improvements are only needed when a property is being sold
DMontana law requires a capital improvement plan for all rental properties annually

Explanation

Proactive capital improvement planning prevents costly emergency failures, extends asset life, maintains habitability, reduces liability exposure, and preserves property value. A property manager who fails to advise about needed capital improvements may expose the owner to greater losses.

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