AGENT AUTHORITIES AND POWER Sample Clauses
AGENT AUTHORITIES AND POWER. Owner grants Agent the following authority and powers and Owner shall pay the expenses in connection herewith;
1. To advertise the availability for rental of the herein described premises or any part thereof, and to display “for rent” signs thereof; to approve or deny applicants at Agent's sole discretion and in accordance with fair housing laws, to sign, renew or cancel leases for the premises or any part thereof; to collect rents or other charges and expenses due or to become due and give receipts therefore; to terminate tenancies and to sign and serve such notices as are appropriate; to institute and prosecute actions to evict tenants and to recover possession of said premises and recover rents and other sums due, and when expedient, to settle, compromise, and release such actions or suits or reinstate such tenancies. Any lease executed for Owner by Agent shall not exceed one year unless explicitly approved in writing by Owner.
2. To make or cause to be made repairs and alterations, and to do decorating; to purchase supplies, (including, but not limited to stationary supplies, leases, stamps) and pay all bills therefore. Agent agrees to secure the prior approval, either in writing or verbally, of Owner on all expenditures in excess of $1,000.00 for any one time, except monthly or recurring operation charges and emergency repairs, if in the opinion of Agent such repairs are necessary to protect the property from damage or prevent damage to life or to the property of the others or to avoid suspension of necessary services or to avoid penalties or fines or to maintain services to the tenants as called for in their leases.
3. To hire, discharge and supervise all labor and employees required for the operation and maintenance of the premises. Agent may perform any of its duties through Owner’s attorneys, agent(s) or employee(s), and shall not be responsible for their acts, defaults, or negligence if reasonable care has been exercised in their appointment and retention.
4. To make contracts in Owner's name for electricity, gas, fuel, water, telephone, window cleaning, ash or rubbish hauling, and other services or such of them as Agent shall deem advisable; Owner to assume at the termination of this Agreement the obligation of any contract so entered into.
5. To pay second trust deed payments, employee taxes, special assessments and insurance as designated by Owner. Notwithstanding anything contained herein, Agent shall not be responsible for any such payments,...
AGENT AUTHORITIES AND POWER a) To direct, oversee, manage, operate, maintain and repair the Property and develop, institute and follow programs and policies to facilitate the operation of the Property, in accordance with Owner’s directives;
b) To bill tenants for rents in the name of Agent, to collect all rents due or to become due from the Property; to give receipts therefor; to endorse Owner’s name on rent checks made payable to Owner and to deposit same in the account mentioned above. It is expressly agreed that Agent does not guarantee either the collection of rents or the accuracy of volume-of-sales, volume-of-receipts or other reports made by tenants on percentage leases, if any, however, Agent may recommend to Owner from time-to-time that such accuracy be determined by an audit of the tenants’ books;
c) To advertise for lease and enter into negotiations for leases and renewals for the Property pursuant to the terms of Exhibit “A” – Addendum to Leasing Term, attached hereto and incorporated into this Management Agreement;
d) In the name of “HAWK MGMT, INC.” to sign and serve notices to tenants in breach of their Lease or Rental Agreement as Agent may deem necessary and proper;
1. To bring suit for and to recover any delinquent rents or damages and possession of the Property in the name of “HAWK MGMT, INC.” as an agent with a beneficial interest, or in the name of Owner, as Owner’s attorney-in-fact in connection with such litigation.
2. To attach, garnish and levy upon property belonging to any delinquent tenant;
3. To settle, compromise, release and adjust said actions; any collections resulting therefrom will be disbursed to Owner; Agent does not guarantee or represent that any such suits or collection efforts will be successful;
e) To employ, pay directly and discharge all vendors and contractors deemed by Agent reasonably necessary for the operation and maintenance of the Property; all such vendors and contractors conclusively shall be, and deemed to be for all purposes, the vendors and contractors of Owner and not employees of Agent and Agent shall not be responsible for any of their acts, defaults or negligence or for any error of judgment or mistake of law or of fact in connection with their employment, conduct or discharge. All contractors performing work (labor + material) over $500.00 shall be licensed and insured;
f) To make or cause to be made all repairs and alterations; to purchase all materials deemed necessary by Agent for the maintenance of the Property; provide...