Leasing and Management Authority Sample Clauses
Leasing and Management Authority. Owner grants to Broker the following authority, which ▇▇▇▇▇▇ will exercise at Brokers discretion:
A. Advertise and show the Property for rent at Owner’s expense by means and methods that Broker determines are reasonably competitive.
B. Negotiate and execute leases on Owner’s behalf for the Property at market rates and on competitively reasonable terms. Broker shall, at Brokers discretion, establish, maintain, and terminate tenancies with tenants of the Property. The Broker shall have sole responsibility for establishing the terms and conditions for tenancies of the Property, including but not limited to approving applicants, establishing rents, deposits, fees, pet terms, and lease terms and conditions. Broker shall not be required to present all offers to lease.
C. Terminate leases for the Property, negotiate lease terminations, and serve notices of termination; Settle, compromise, or withdraw any eviction or collection action; Negotiate and make reasonable concessions to tenants or former tenants in the Property.
D. Security deposits shall be held by ▇▇▇▇▇▇ in a trust account on behalf of Owner and financial responsibility of such security deposits is that of Broker. The disposition of the security deposits of all tenants, whether the deposit is held by the Broker or the Owner, shall be the sole discretion of Broker. Any trust account Broker maintains under this agreement may be an interest-bearing and Broker may retain any interest.
E. Institute and prosecute, at Owner’s expense, actions to evict tenants in the Property, recover possession of the Property or hire collection agency to recover lost rent and other damages; Broker shall have authority on behalf of the Owner to terminate any lease or rental agreements covering the Property, to execute and serve such legal or other notices as ▇▇▇▇▇▇ deems appropriate, to institute legal actions for the benefit of, and at the expense of, Owner for the purpose of evicting tenants in default and to recover possession of the Premises, to recover unpaid rents and other sums due from any tenant to settle, compromise and release claims by or against any tenant, and to employ attorneys for payment of rent. Owner agrees that Broker is not responsible for the collection of delinquent accounts. Broker assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property.
F. Owner agrees to accept the terms of the collection agency’s standard contract when executed for ...
Leasing and Management Authority. Owner grants to Broker the following authority which Broker may exercise when and to the extent Broker determines to be in Owner’s interest.
(1) advertise the Property for lease at Owner’s expense by means and methods that Broker determines are reasonably competitive, including but not limited to creating and placing advertisements with interior and exterior photographic and audiovisual images of the Property and related information in any media and the Internet; above and beyond regular
(2) place “For Lease” signs or other signs on the Property in accordance with applicable laws, regulations, ordinances, restrictions, and owners’ association rules;
(3) remove all other signs offering the Property for sale or lease;
(4) submit the Property as a listing with one or more Multiple Listing Services (MLS) at any time the Property is marketed for lease and to change or terminate such listings;
(5) authorize other brokers, their associates, inspectors, appraisers, and contractors to access the Property at reasonable times for purpose contemplated by this agreement and to lend keys and disclose security codes to such persons to enter the Property;
(6) duplicate keys and access devices, at Owner’s expense, to facilitate convenient and efficient showings of the Property and to lease the Property;
(7) place a keybox on the Property;
(8) employ scheduling companies to schedule showings by other brokers at any time the Property is marketed for lease;
(9) verify information and references in rental applications from prospective tenants;
(10) negotiate and execute leases on Owner’s behalf for the Property at market rates and on competitively reasonable terms for initial terms of not less than 12 months and not more than 36 months and in accordance with any instructions in Paragraph 20;
(11) negotiate and execute any amendments, extensions, or renewals to any leases for the Property on Owner’s behalf;
(12) terminate leases for the Property, negotiate lease terminations, and serve notices or termination;
(13) collect and deposit for Owner all rents, security deposits, ad other funds from tenants in the Property in a trust account and pay from that account: (a) any compensation and reimbursements due Broker under this agreement; and (b) other persons as this agreement may authorize;
(14) account for security deposits that Broker holds in trust to any tenants in the Property in accordance with applicable law and any lease of the Property and make deductions from the deposit...
Leasing and Management Authority. Owner grants to Broker the following authority which Broker may exercise when and to the extent Broker determines to be in Owner's interest:
1) Advertise the Property for lease at Owner's expense by means and methods that Broker determines are reasonably competitive, including but not limited to creating and placing advertisements with interior and exterior photographic and audio-visual images of the Property and related information in any media and the Internet;
Leasing and Management Authority. Owner grants to Broker the following authority, which ▇▇▇▇▇▇ will exercise at ▇▇▇▇▇▇’s discretion:
A. Advertise and show the Property for rent at Owner’s expense by means and methods that Broker determines are reasonably effective and efficient.
B. Negotiate and execute leases on Owner’s behalf for the Property at market rates and on competitively reasonable terms. The Broker shall have sole responsibility for establishing the terms and conditions for tenancies of the Property, including but not limited to approving applicants, establishing rents, deposits, fees, pet terms, and lease terms and conditions. Broker shall not be required to present all offers to lease.
C. Security deposits and leases shall be forwarded and held by Owner.
D. Evictions are over-and-above the scope of the Agreement and will be the Owner's responsibility. Owner agrees that Broker is not responsible for the collection of delinquent accounts. Broker assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property.
E. Owner agrees to accept the terms of the collection agency’s standard contract when executed for Owner by Broker. When acting in a collection capacity to collect funds due from ex-tenants, Broker will, at Brokers expense, pay all legal fees associated with the collection of such account and Broker will retain 40% of all funds collected for this service in addition to the management fee as listed in Section 10.
F. Perform other services deemed necessary by ▇▇▇▇▇▇, related to the leasing of the Property.
Leasing and Management Authority. Owner grants to Broker the following authority, which ▇▇▇▇▇▇ will exercise at Brokers discretion:
A. Advertise and show the Property for rent or lease. Broker will use standard marketing procedures to attract, qualify, and secure a new tenant. Owner agrees that additional advertising requests in addition to the standard marketing will be at Owner’s expense and shall be reimbursed to Broker.
B. Negotiate and execute leases on Owner’s behalf for the Property at market rates and on competitively reasonable terms. Broker shall, at Brokers discretion, establish, maintain, and terminate tenancies with tenants of the Property. The Broker shall have sole responsibility for establishing the terms and conditions for tenancies of the Property, including but not limited to approving applicants, establishing rents, deposits, fees, pet terms. Broker shall not be required to present all offers to lease.
C. Security deposits shall be held by ▇▇▇▇▇▇ in a trust account on behalf of Owner and financial responsibility of such security deposits is that of Broker. The disposition of the security deposits of all tenants, whether the deposit is held by the Broker or the Owner, shall be the sole discretion of Broker. Any trust account Broker maintains under this agreement may be an interest-bearing and Broker may retain any interest.
D. Broker shall have authority on behalf of the Owner to terminate any lease agreements covering the Property, negotiate lease terminations, and serve notices of termination, to execute and serve such legal or other notices as Broker deems appropriate. Owner agrees that Broker is not responsible for the collection of delinquent accounts. Broker assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property.
E. Hire contractors to repair, maintain the Property provided that Broker does not expend more than $500 for any single repair, or maintenance item, or alteration without Owner’s electronic or written consent, unless the repair is deemed necessary by ▇▇▇▇▇▇ as indicated in “F” below.
F. Hire contractors to make emergency or necessary repairs to the Property, without regard to the expense limitation above, that Broker determines are necessary to protect the Property or the health or safety of a tenant. Broker may contract for annual preventative maintenance at the expense of the Owner.
G. Contract, at Owner’s expense, in Owner’s name for all utilities and maintenance to the Property, and ot...
Leasing and Management Authority. Owner grants to Manager the following authority which Manager may exercise when Manager determines to be in Owner’s best interest:
i. Advertise the Property for lease using methods Manager determines to be most effective;