Property Management
A Texas owner of a large commercial office building in Dallas hires a property management firm. The management firm's fiduciary duties run primarily to:
AThe tenants of the building
BThe building owner✓ Correct
CTREC
DThe mortgage lender
Explanation
The property management firm's primary fiduciary obligations (loyalty, care, accounting, etc.) run to the building owner as the principal in the agency relationship. The manager must act in the owner's best interests.
Related Texas Property Management Questions
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