Property Management
A Florida commercial property manager is authorized under a management agreement to sign leases on behalf of the owner. The manager is functioning in the legal capacity of:
AA property custodian
BAn agent with express authority to execute leases✓ Correct
CAn independent contractor with no fiduciary duties
DA licensee acting outside the scope of real estate activities
Explanation
A property manager acting with the owner's authority to sign leases is an agent with express authority. Express authority is specifically granted in the management agreement. The manager owes fiduciary duties to the principal (owner) as their agent. This is different from apparent authority (which arises from the principal's actions, not written authorization).
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