Signature Requirements for the Lease
When the Manager is Signing for the Owner/Landlord
The Issue: When managers adopt the “Broker Style” of property management (where the owner is named as the Landlord in the lease), there are two options for the owner’s signature. The first is the owner personally signs for themselves and the second is the manager signs on behalf of the owner. The manager is often signing on behalf of the owner, under some authority given them in the property management agreement (PMA). The owner is making the promises to the tenant but the manager is signing on behalf of the owner as attorney-in-fact or limited power of attorney, or Agent. In this model the signatures need to reflect that both parties are signing. In other words, the owner has a place to sign (even though the manager is signing on behalf of the owner) and the manager has a place to sign. Both parties (the owner and the manager) need a place to execute the lease document.
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