Property Management
In Tennessee, a property manager's fiduciary duty to the property owner does NOT include:
AMaintaining accurate financial records
BActing in the owner's best interest
CGuaranteeing the property will always be fully occupied✓ Correct
DDisclosing material information affecting the property
Explanation
A property manager owes fiduciary duties including loyalty, accounting, disclosure, and reasonable care — but cannot guarantee full occupancy. Occupancy depends on market conditions and the manager's best efforts.
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