Final answer:
Yes, a property manager owes fiduciary duties to a landlord or building owner. They have legal and ethical responsibilities to act in the best interests of the landlord.
Step-by-step explanation:
Yes, a property manager owes fiduciary duties to a landlord or building owner. Fiduciary duties refer to the legal and ethical responsibilities that the property manager has towards the landlord, which include acting in the best interests of the landlord, being loyal, maintaining confidentiality, and disclosing any conflicts of interest.
For example, the property manager is responsible for collecting rent, maintaining the property, and ensuring compliance with local regulations on behalf of the landlord.