Property Management
A property manager's primary fiduciary duty is owed to:
AThe tenants of the building
BThe property owner (principal)✓ Correct
CThe municipality where the property is located
DThe NHREC
Explanation
The property manager acts as an agent for the property owner and owes fiduciary duties — loyalty, disclosure, care, obedience, and accounting — to the owner as the principal.
Related New Hampshire Property Management Questions
- A NH property manager should screen residential applicants consistently using criteria such as:
- A NH property manager handling a security deposit dispute with a former tenant should maintain:
- A NH commercial property manager negotiates a 'triple net (NNN) lease' for a retail tenant. Under a NNN lease, the tenant pays:
- In NH, a residential lease for more than one year must be:
- A NH landlord who enters a tenant's apartment without notice except in emergencies is likely violating:
- A New Hampshire property manager who collects rents and negotiates leases on behalf of another must hold a:
- Under the New Hampshire Landlord-Tenant Act (RSA 540), the maximum security deposit a landlord may collect is:
- Under NH RSA 540-A, which of the following is an unlawful landlord practice?
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →