Definition: A person or firm responsible for specified property operations on behalf of an owner. Responsibilities depend on the management agreement and applicable law.
Example
A manager arranges a repair within an approved spending limit and documents the cost for the owner.
Keep the distinction clear
A manager's authority is not unlimited. Leasing, handling funds, supervision, and licensed activities must follow the agreement and relevant legal requirements.
Related terms
Property Management · General Agent · Trust Funds
Keep studying
Property Manager Duties: The Owner, the Agreement, and the Property
References: Florida Statutes 475.01: brokerage definitions
Pronunciation (US): PRAH-per-tee MAN-ih-jer (capitals show stress)
Pronunciation reference: Merriam-Webster
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