Parties
Full legal names and entity types for owner(s) and manager; include EIN or SSN for corporate entities when needed for tax reporting.
A properly drafted Real Estate Management Authority clarifies decision rights, reduces disputes, and documents who may bind the owner in leasing and maintenance matters. Clear scope limits liability exposure and supports third-party reliance; when signed electronically, the Authority must meet ESIGN (15 U.S.C. ch. 96) and applicable state UETA requirements to be enforceable.
The form is commonly prepared by owners, property managers, or attorneys to formalize management duties and access rights.
Each signer should confirm scope, effective dates, and any notarization or witness requirements required by the governing state before execution.
Full legal names and entity types for owner(s) and manager; include EIN or SSN for corporate entities when needed for tax reporting.
Identify properties by street address and legal description or parcel number so authority attaches only to specified assets and avoids ambiguity.
List specific powers such as leasing, rent collection, vendor contracting, making repairs, and signing leases or termination notices.
Include monetary caps, required owner approvals for major expenditures, and exclusions like sale or mortgage authority if not intended.
State effective date and expiration or automatic renewal terms, and describe notice and cure periods for termination by either party.
Provide signature blocks for parties, space for dates, and specify notarization or witness requirements and acceptable electronic authentication methods.
| Field | Configuration |
|---|---|
| Authentication | Email link, SMS code, or KBA depending on signer risk |
| Signature Type | Simple e-signature or certified digital signature if required |
| Conditional Fields | Show or hide sections based on chosen authority scope |
| Storage Location | Select secure cloud repository and retention policy |
Confirm the signing platform supports required authentication, file formats, integrations, and any BAA or 21 CFR Part 11 needs before sending.
Use platforms with strong audit trails, exportable signed PDFs, and documented compliance options (BAA, SOC 2, ISO 27001) when the Authority covers sensitive or regulated properties.
Date in MM/DD/YYYY when authority begins or is retroactive.
Sign in front of a notary or via RON within the state-required timeframe.
Give required tenant notices when management changes occur under local law.
Record only if instrument creates a recordable interest; follow county recorder rules.
Retention typically begins on execution date unless statute requires alternate start.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Trial available | Trial available |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | Yes |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA available) | Yes (BAA available) | Yes (BAA available) | Varies | Varies |