Property Management
A Rhode Island property manager negotiates a lease renewal for a commercial tenant at a higher rate. This is an example of the manager's duty of:
AAccounting
BLoyalty and reasonable care to maximize the owner's return✓ Correct
CConfidentiality
DDisclosure to the tenant
Explanation
Negotiating favorable lease renewals on behalf of the property owner reflects the manager's duty of loyalty and reasonable care—acting in the owner's best interests to maximize the property's income.
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