Property Manager or owner on lease agreement?
Got a question for you guys...regarding who names go on the lease agreement (property manager or property owner).
In all my rental dealings not once have I had my "name" put on the "Lease" agreement" (between tenant and owner). It's always been the property manager and tenant.
Recently I hired a new property manager to find the tenant and manage my property (house) full-time. This lease has been documented in Columbia, SC, and yes I am under contract with the property manager for him to "act on my behalf" or "represent" me in dealing with the property.
I'm a little surprised and upset in that my personal information is on the lease agreement (s.a. my home address) which the tenant has access to.
I do not beleive this is the norm, and would like to hear from anyone who can clarify WHY my name is on lease agreement and if this creates any issues I'm unaware of.
I've never met the tenants.
It just seems to be a way for the property manager to get out of liability issues...am I wrong?
Replies to This Discussion
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Permalink Reply by Brian Tierney on -
As a property manager, my company and me as Property Manager in Charge represents the owner. The tenant has zero contact with the owner. The owner has hired me to manage his/her property, so my company contracts with tenant. Does seem a bit odd, but it may be a state specific thing in your location that I am unaware of. A quick call to your state real estate commission or to another property management firm would quickly clue you in.
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Permalink Reply by Karen McDaniel on -
The prior PM had it in their mgmt company name. I also own a house in Myrtle Beach, SC and that lease contract is in the pm name also.....so it's not state specific...
SC does not have strict rules or laws governing becoming a pm. In fact my understanding is you do not need a real estate license..just a few classes and you're good to go.
Thanks for the quick response. I'll give the re comm. a call. -
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Permalink Reply by Karen Dvorak on -
I am a property manager. I use the Texas Association of Realtors lease. We put the owners name as landlord but there is a place for our information including our address to send payment, maintenance request etc. We sign the lease as the owners representative. In Texas you do have to be a licensed Realtor to manage property other than your own.
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