Can the property manager make every decision without the owner’s approval?

Category: Property Management - Commercial Tenants

Not always.

Many property managers have authority to address routine maintenance, administer lease provisions, coordinate vendors, and handle day-to-day operations. Significant expenditures, lease modifications, major capital projects, legal matters, or policy decisions may require owner approval depending upon the management agreement.

Understanding that some decisions require additional authorization often helps explain why certain requests take longer than others.