Property Management
A Virginia residential property manager signs a lease renewal for a tenant without authorization from the owner. This action by the agent is:
ARatified if the owner accepts the rent
BA violation of fiduciary duty and potentially unauthorized practice✓ Correct
CValid because agents have implied authority for all lease matters
DRequired by the VRLTA
Explanation
A property manager must have express or clearly implied authority to sign lease renewals. Signing without authorization is a breach of fiduciary duty and may constitute an unauthorized act, exposing the agent to liability.
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