"Landlord" on the lease: Owner or Property Manager?

"Landlord" on the lease: Owner or Property Manager?

Peoria, IL · Member since 2011 · 365 posts · 182 votes

Is this situation standard? I assume the property manger did this to reduce liability.
Lease states parties as "INSERT OWNERS NAME" will be refereed to as Landlord.
I would have expected the Property manager's name to be written there. The lease has the Property manager's business name/logo on the letterhead. There was a page in the addendum spelling out that owner hired and was represented by the PM.

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  • JD MartinBusiness Member
    Moderator
    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
    6y

    Yes. Technically the lease is between the property owner (lessor) and tenant (lessee). The property manager is just a facilitator, even when S/he has authority to act independently. I have seen PMs sign on behalf of owners, and it is marked as such. In contract law you cannot have a valid contract without a transfer of valuable goods which each side must possess. That's why quit claims or easements will happen for $1, because you can't do it for nothing. The property manager technically has nothing of value because they don't own the property. 

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  • Investor · Philadelphia, PA · Member since 2015 · 3k+ posts · 3k+ votes
    6y

    owner

  • Real Estate Broker · Temecula, CA · Member since 2014 · 992 posts · 782 votes
    6y

    owner.

  • Investor · Broward County, FL · Member since 2018 · 1k+ posts · 938 votes
    6y

    @Michael Herr

    You will have to read your state statutes regarding the landlord tenant laws. The definition of the terms will be explained.

    In the case of Florida, you can have the lease agreement mentioning only the landlord and not the owner if memory serves.

  • Peter TverdovBusiness Member
    Developer · New Brunswick, NJ · Member since 2015 · 1k+ posts · 2k+ votes
    6y

    The owner is the Landlord. The Landlord's Agent is the PM.

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