What must a property manager disclose to prospective tenants?

A property manager is required to disclose any known material defects in the property to prospective tenants because this is crucial for ensuring the safety and well-being of the tenants. Material defects refer to significant issues that could affect the livability or value of the property, such as plumbing problems, structural integrity concerns, or hazardous conditions like mold or lead paint. Providing this information helps tenants make informed decisions about whether they want to proceed with renting the property and promotes transparency in the landlord-tenant relationship.

Disclosing material defects aligns with ethical practices and legal obligations, as failing to do so could lead to potential liabilities for the property manager and owner if tenants experience issues that were not disclosed prior to leasing. It's also an important aspect of consumer protection, ensuring that tenants are aware of what they are renting and can assess any risks associated with the property effectively.