Property Management
In Tennessee, a property manager who is authorized to sign leases on behalf of the owner has what type of authority?
ANo authority — lease signing always requires owner presence
BExpress or implied authority delegated by the owner in the management agreement✓ Correct
CStatutory authority granted by TREC
DAgency authority automatically granted to all property managers
Explanation
A property manager's authority to sign leases comes from the express authority granted in the management agreement by the property owner. The management agreement should specifically address the manager's authority to execute leases and any limitations on that authority.
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