Assignment task:
You own some residential rental units but you have a full-time job also and you want someone else to manage your units for you. You hire a property management company and authorize them to rent the units to viable tenants. You give your property management company a list of your criteria but you do not sign a contract with them. The property management company later rents one of your units and you later come to find, after the tenant moved in and paid rent for a number of months, that it is someone with whom you have a long-running feud and you want to evict them. You claim that you did not know about the transaction to rent to this person and that, therefore, the property management company was not properly authorized to sign the lease making it invalid. Which of the following is correct? A. None of these answers is correct. B. You are estopped from denying the existence of the agency. C. The property management company is estopped from claiming that you are a principal. D. The lease is void because the property management company was not authorized.