Common use of Approval of Contracts Clause in Contracts

Approval of Contracts. Before entering into any contract, the Broker agrees to obtain approval of the Owner for repairs, replacements, or any other maintenance expense which contracts involve an expenditure of more than $ 250.00 . In the event of an emergency however, for the protection of the Property and its tenants, the Broker shall have power to take the necessary action without obtaining the Owner's consent. The Broker will inform Owner of such emergency action taken as soon as practicable.

Approval of Contracts. Before entering into any contract, the Broker agrees to obtain approval of the Owner for repairs, replacements, or any other maintenance expense which contracts involve an expenditure of more than $ 250.00 . In the event of an emergency however, for the protection of the Property and its tenants, the Broker shall have power to take the necessary action without obtaining the Owner's consent. The Broker will inform Owner of such emergency action taken as soon as practicable.