What is defined as 'disclosure' in property management?

In the context of property management, 'disclosure' refers to the act of informing tenants about relevant property issues or management practices. This is vital as it ensures that tenants are fully aware of their rights, responsibilities, and any potential issues related to the property they are occupying. Effective disclosure helps foster transparency between the property owner or manager and the tenants, allowing for informed decision-making regarding the rental relationship.

Providing relevant information can include details about maintenance policies, financial obligations, safety hazards, or any changes in the management approach. This open line of communication is crucial in building trust and can help prevent disputes or misunderstandings over the course of the tenancy. Thus, this definition encapsulates the essence of what disclosure entails in the property management field, setting a foundation for effective management practices.