Contracts
Management Service Agreements (MSAs): The law allows a General Manager or Management Company to sign a petition levying an assessment on the property.
- Action: Review all MSAs immediately. Most standard MSAs prohibit operators from encumbering the property.
- If you want the GM to sign for the TPID: You must amend the MSA or issue a side letter granting specific authority to sign PID petitions.
- If you do not want the GM to sign: Ensure the MSA explicitly prohibits this action to prevent a "rogue" signature from legally binding the asset under this new statute.
Hiring/Training
Signature Authority Training: General Managers and Regional Directors must be trained on the legal weight of their signature. They must understand that signing a "Qualified Petitioner" document is not merely administrative support—it is a binding financial agreement on behalf of the owner.
Reporting & Record-Keeping
The Authority Affidavit: The law requires a "written statement" confirming the signer is authorized to bind the owner.
- Action: Legal teams must generate a standardized "Affidavit of Authority" template. Do not rely on ad-hoc emails. This document must be ready for submission alongside any petition filed after September 1, 2025.
Fees & Costs
New Build Liability: The law clarifies that "Hotel" includes properties that begin operation *after* the district is established.
- Action: Update pro-forma budgets for developments within TPID zones. There is no longer ambiguity; new inventory is liable for the assessment immediately upon opening.
