Common use of Agent’s Responsibilities Clause in Contracts

Agent’s Responsibilities. Owner grants Agent full authority to do any and all lawful things necessary for the fulfillment of this Agreement, including the following: i. To use diligence in managing the premises and to rent, lease, and operate the premises. ii. To collect all rents and other monies from Tenant as they become due. Agent does not guarantee tenant obligations. Agent may employ collection agencies, attorneys, or any other reasonable and lawful means to collect from a Tenant. Agent is responsible for suing and recovering, including settlement, for rent and for loss or damage to any part of the property. Agent is not responsible for mortgage payments, taxes, fire or other insurance premiums, or any recurring expenses. iii. To render to Owner a monthly accounting of rents received and expenses paid; and to remit to Owner all income, less any sums paid out, on or before the _ day of the current month, provided, however, that the rent has been received from the tenant. iv. Agent agrees to decorate, to maintain, improve and to repair the property and to hire and to supervise all employees and other needed labor. Agent is not responsible for any damage to premises by Tenants or others. ☐ Any improvements and repairs that exceed $ must receive approval from Owner. ☐ Not applicable. v. Agent agrees to advertise for, screen, and select tenants in compliance with all relevant laws and regulations. Agent will set rents that reflect the market conditions, unless otherwise instructed in writing by the Owner.

Appears in 1 contract

Samples: Real Estate Power of Attorney

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Agent’s Responsibilities. Owner grants Agent full authority to do any and all lawful things necessary for the fulfillment of this Agreement, including the following: i. To use diligence in managing the premises and to rent, lease, and operate the premises. ii. To collect all rents and other monies from Tenant as they become due. Agent does not guarantee tenant obligations. Agent may employ collection agencies, attorneys, or any other reasonable and lawful means to collect from a Tenant. Agent is responsible for suing and recovering, including settlement, for rent and for loss or damage to any part of the property. Agent is not responsible for mortgage payments, taxes, fire or other insurance premiums, or any recurring expenses. iii. To render to Owner a monthly accounting of rents received and expenses paid; and to remit to Owner all income, less any sums paid out, on or before the _ day of the current month, provided, however, that the rent has been received from the tenant. iv. Agent agrees to decorate, to maintain, improve and to repair the property and to hire and to supervise all employees and other needed labor. Agent is not responsible for any damage to premises by Tenants or others. ☐ Any improvements and repairs that exceed $ _ must receive approval from Owner. ☐ Not applicable. v. Agent agrees to advertise for, screen, and select tenants in compliance with all relevant laws and regulations. Agent will set rents that reflect the market conditions, unless otherwise instructed in writing by the Owner.

Appears in 1 contract

Samples: Property Management Agreement

Agent’s Responsibilities. Owner grants Agent full authority to do any and all lawful things necessary for the fulfillment of this Agreement, including the following: i. To use diligence in managing the premises and to rent, lease, and operate the premises. ii. To collect all rents and other monies from Tenant as they become due. Agent does not guarantee tenant obligations. Agent may employ collection agencies, attorneys, or any other reasonable and lawful means to collect from a Tenant. Agent is responsible for suing and recovering, including settlement, for rent and for loss or damage to any part of the property. Agent is not responsible for mortgage payments, taxes, fire or other insurance premiums, or any recurring expenses. iii. To render to Owner a monthly accounting of rents received and expenses paid; and to remit to Owner all income, less any sums paid out, on or before the _ day of the current month, provided, however, that the rent has been received from the tenant. iv. Agent agrees to decorate, to maintain, improve and to repair the property and to hire and to supervise all employees and other needed labor. Agent is not responsible for any damage to premises by Tenants or others. ☐ Any improvements and repairs that exceed $ must receive approval from Owner. Not applicable. v. Agent agrees to advertise for, screen, and select tenants in compliance with all relevant laws and regulations. Agent will set rents that reflect the market conditions, unless otherwise instructed in writing by the Owner.

Appears in 1 contract

Samples: Property Management Agreement

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Agent’s Responsibilities. Owner grants Agent full authority to do any and all lawful things necessary for the fulfillment of this Agreement, including the following: i. To use diligence in managing the premises and to rent, lease, and operate the premises. ii. To collect all rents and other monies from Tenant as they become due. Agent does not guarantee tenant obligations. Agent may employ collection agencies, attorneys, or any other reasonable and lawful means to collect from a Tenant. Agent is responsible for suing and recovering, including settlement, for rent and for loss or damage to any part of the property. Agent is not responsible for mortgage payments, taxes, fire or other insurance premiums, or any recurring expenses. iii. To render to Owner a monthly accounting of rents received and expenses paid; and to remit to Owner all income, less any sums paid out, on or before the __________ day of the current month, provided, however, that the rent has been received from the tenant. iv. Agent agrees to decorate, to maintain, improve and to repair the property and to hire and to supervise all employees and other needed labor. Any improvements and repairs that exceed __________ must receive approval from Owner. Agent is not responsible for any damage to premises by Tenants or others. ☐ Any improvements and repairs that exceed $ must receive approval from Owner. ☐ Not applicable. v. Agent agrees to advertise for, screen, and select tenants in compliance with all relevant laws and regulations. Agent will set rents that reflect the market conditions, unless otherwise instructed in writing by the Owner.

Appears in 1 contract

Samples: Property Management Agreement

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