Property Management
In South Dakota, when a property manager signs a lease on behalf of the property owner, the manager should ensure they:
ASign the lease in their personal name to maintain liability
BSign as agent for the principal/owner, clearly identifying their agency capacity✓ Correct
CHave the Real Estate Commission approve all leases before signing
DObtain personal financial statements from all tenants before signing
Explanation
A property manager signing documents on behalf of the owner should clearly indicate their agency capacity by signing as 'John Smith, as agent for Jane Doe, Property Owner.' Signing in a personal capacity without disclosing agency could expose the manager to personal liability.
Related South Dakota Property Management Questions
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