Property Management
A Wyoming commercial property manager discovers a tenant is operating an unlicensed business in violation of local ordinances. The manager should:
AIgnore it as long as the tenant pays rent
BNotify the property owner and potentially the tenant, as the illegal operation may violate the lease and expose the owner to liability✓ Correct
CImmediately evict the tenant without notice
DReport the tenant to the IRS
Explanation
An unlicensed business operating illegally in a leased property may violate the use provisions of the lease, expose the property owner to liability, and could result in code enforcement actions against the property. The manager's duty is to notify the owner and take appropriate action per the management agreement.
Related Wyoming Property Management Questions
- In Wyoming, a property manager should screen prospective tenants using criteria that are:
- A Wyoming property manager who fails to make required repairs after proper notice from a tenant may be liable for:
- A Wyoming ranch property manager overseeing grazing leases must be familiar with:
- A Wyoming 'holdover tenant' is one who:
- A Wyoming property manager who discovers a fair housing violation during the management of a property should:
- A Wyoming property management company that manages 50 residential units must maintain which of the following to comply with fair housing requirements?
- A Wyoming tenant's lease expires and the tenant stays beyond the lease term without a new agreement. The tenancy converts to:
- A Wyoming property management agreement must specify:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →