Property Management
A Wisconsin property manager who charges a 'lease renewal fee' to the owner must ensure this fee is:
AThe same as the initial leasing commission
BDisclosed and authorized in the management agreement✓ Correct
CApproved by DATCP
DNot charged for leases under $1,000/month
Explanation
Any fees charged by a property manager, including lease renewal fees, must be disclosed and authorized in the property management agreement.
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