Property Management
In South Dakota, a property manager terminating a management agreement due to owner misconduct should:
ASimply stop managing the property without notice
BProvide written notice as required by the management agreement and transition management responsibly✓ Correct
CWait for the owner to terminate first
DFile a complaint with the SDREC before terminating
Explanation
When terminating a management agreement, the property manager should follow the notice requirements in the contract, properly transfer funds and records, and ensure a smooth transition for the tenants and property.
Related South Dakota Property Management Questions
- In South Dakota, a 'lease renewal' differs from a 'lease extension' in that:
- A South Dakota residential tenant who discovers a unit has no heat in January may be able to:
- Under South Dakota law, what is the maximum security deposit a landlord may charge for an unfurnished residential unit?
- In South Dakota, a property manager who prepares a 'capital improvement budget' for a managed property is planning for:
- An HOA in a South Dakota subdivision has the authority to enforce CC&Rs primarily through:
- A South Dakota residential landlord who wants to increase the rent of a month-to-month tenant must provide how much advance notice?
- In South Dakota, a property manager responsible for a large apartment complex should have a written policy for:
- Which of the following describes a South Dakota ground lease?
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →