Property Management
A Minnesota property manager who signs a lease on behalf of the property owner must have:
AThe owner's verbal authorization only
BWritten authority from the owner, typically through the property management agreement✓ Correct
CA real estate broker's license
DThe tenant's agreement to the arrangement
Explanation
A property manager in Minnesota must have written authority from the property owner to sign leases on their behalf. This authority is typically granted in the property management agreement. Written authorization is required to bind the owner contractually and to comply with the Statute of Frauds for real property agreements.
Related Minnesota Property Management Questions
- In Minnesota, a 'holdover tenant' who remains in the rental unit after the lease expires without the landlord's agreement is treated as:
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