Authorization to Lease Clause Samples
The 'Authorization to Lease' clause grants a party, typically a property manager or agent, the legal authority to lease out a property on behalf of the owner. This clause outlines the scope of the agent's powers, such as marketing the property, screening tenants, and executing lease agreements. By clearly defining who is authorized to act and what actions they may take, this clause ensures that all leasing activities are conducted with the owner's consent, thereby preventing unauthorized transactions and establishing accountability.
Authorization to Lease. Owner hereby authorizes Manager to sign lease agreements in connection with the Property. Rent will be at fair market value as reasonably determined by Manager or set as Owner designates in writing.
Authorization to Lease. Owner hereby authorizes Manager to sign lease agreements in connection with the Property. Collection of Rents. Manager will collect all rents. Manager will pay rents to Owner each month by ACH transfer as soon as practicable (typically on or before the 12th of each month), less a deduction for Manager’s fees (as described in Section 2), and any outstanding repair costs incurred by Manager in connection with the Property.