Property Management
In Tennessee, a property manager who fails to disclose a material defect to a prospective tenant may be liable for:
AOnly a TREC fine
BFraudulent misrepresentation and breach of fiduciary duty✓ Correct
CNothing unless the tenant was physically harmed
DOnly a refund of the application fee
Explanation
Failing to disclose known material defects to a prospective tenant can expose a property manager to liability for fraud and misrepresentation, and may violate their fiduciary duty to act honestly.
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