Property Management
A West Virginia property owner who leases their property through a professional management company retains which of the following rights?
ANo rights — the manager acts as an independent contractor with full authority
BThe right to set rental rates, approve tenants, and direct major decisions, within the management agreement✓ Correct
COnly the right to sell the property
DRights only to review financial statements annually
Explanation
The owner retains ultimate ownership rights and key decision-making authority. The property manager acts as the owner's agent within the scope of the management agreement, implementing the owner's directives on rent, tenant approval, and major decisions.
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