Property Management
A Montana property manager who is terminated by the property owner before the management agreement expires:
AMust immediately surrender all tenant security deposits to the owner
BMust cooperate in transitioning management to the successor, including providing financial records and tenant files✓ Correct
CMay retain all collected rents as compensation for early termination
DHas no obligation to cooperate with the transition
Explanation
Upon termination, a Montana property manager has a fiduciary duty to cooperate in the orderly transition of management, including surrendering tenant security deposits, financial records, tenant files, and property keys to the owner or successor manager.
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