Common use of Leasing and Renting Clause in Contracts

Leasing and Renting. OWNER grants to AGENT the following authority which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest. 6.1 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare and execute all leases, including renewals, extensions and amendments of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 6.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 6.3 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 OWNER and AGENT agree to follow all Federal and Local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws and/or Landlord/Tenant Laws, this contract may be terminated immediately and the management fees for the balance of this contract or $500, whichever is greater, will be due immediately. 6.7 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and 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 more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property. 6.8 OWNER has read the AGENT’s Eviction Protection Plan and chooses to: 6.9 AGENT assumes no responsibility or management of personal property left by OWNER at PREMISES. 6.10 In the event the OWNER wishes to move back into the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT early, the OWNER agrees to pay the termination fee on the tenant’s behalf and reimburse the outgoing tenant any prepaid rents and any reasonable expenses to have tenant vacate the PREMISES within the specified time frame. All other contractual agreements are still in force, and AGENT is entitled to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would have been earned had the tenant remained in the PREMISES.

Appears in 3 contracts

Samples: Property Management Agreement, Property Management Agreement, Rental Management Agreement

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Leasing and Renting. OWNER grants to AGENT the following authority which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest. 6.1 5.1 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare and execute all leases, including renewals, renewals and extensions and amendments of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 6.2 5.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 6.3 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 5.3 AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S propertyPREMISES. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 5.4 OWNER and AGENT agree to follow all Federal and Local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws laws and/or Landlord/Tenant Laws, this contract may will be terminated immediately and the management fees for the balance of this contract or Five Hundred ($500500.00) Dollars, whichever is greater, will be due immediately. 6.7 5.5 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER, 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 more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. Delinquent accounts will be submitted to a professional collection company for collection on behalf of AGENT. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the propertyPREMISES. AGENT shall retain all 5.6 OWNER will automatically be enrolled in our eviction protection program for a monthly fee of $5 per unit to be taken out annually or monthly as program permits. Eviction protection guarantees that in the case of an eviction for non-payment of rent, Next Step Realty Management will pay the entire attorney fee bill up to $800 for the writ of restitution only. This does not include sheriff fees, counter claims or jury trials. OWNER has the option to decline the eviction protection program in writing and providing written statement to the management company below. All other legal fees outlined in this AGREEMENT are in affect and applicable. 6.8 OWNER has read the AGENT’s Eviction Protection Plan and chooses to: 6.9 5.7 AGENT assumes no responsibility or management of personal property left by OWNER at PREMISES. 6.10 In the event the OWNER wishes to move back into the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT early, the OWNER agrees to pay the termination fee on the tenant’s behalf and reimburse the outgoing tenant any prepaid rents and any reasonable expenses to have tenant vacate the PREMISES within the specified time frame. All other contractual agreements are still in force, and AGENT is entitled to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would have been earned had the tenant remained in the PREMISES.

Appears in 1 contract

Samples: Rental Management Agreement

Leasing and Renting. OWNER grants to AGENT the following authority which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest. 6.1 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare prepare, and execute all leases, including renewals, renewals and extensions and amendments of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 6.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, person to negotiate or act function as rental agent with respect to any leases for the PREMISES. 6.3 OWNER and AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner consistent with other comparable properties managed by AGENT or in the vicinity of the OWNER’S property. SAMPLE 6.4 For each new lease or renewal lease executed, OWNER agrees to pay AGENT a $150.00 leasing fee. 6.5 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 OWNER and AGENT agree to follow all Federal federal and Local local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws laws and/or Landlord/Tenant Laws, this contract may will be terminated immediately and the management fees for the balance of this contract or $500, whichever is greater, will be due immediately. 6.7 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER, 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 more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property. 6.8 OWNER has read agrees to accept the AGENTterms of the collection agency’s Eviction Protection Plan and chooses to:standard contract when 6.9 AGENT Agent assumes no responsibility or management of personal property left by OWNER at PREMISES. 6.10 In the event the OWNER wishes to move back into their property requiring the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT earlybreak their lease, the OWNER agrees to pay the termination fee on the tenant’s tenant(s) behalf and reimburse the outgoing tenant tenant(s) any prepaid rents and any reasonable expenses to have tenant the tenant(s) vacate the PREMISES property within the specified time frame. All other contractual agreements are still in force, force and AGENT is entitled to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would have been earned had the tenant remained in the PREMISES. SAMPLE 6.11 While the OWNER can request a property to be pet-free, the AGENT cannot guarantee a property be emotional and/or service animal free. OWNER acknowledges the difference between the two and understands that the Manager cannot legally deny an otherwise qualified application based on service animals, nor charge a “pet fee” or “pet rent” for any documented animal under this definition.

Appears in 1 contract

Samples: Management Agreement

Leasing and Renting. OWNER grants to AGENT the following authority which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest. 6.1 5.1 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare and execute all leases, including renewals, renewals and extensions and amendments of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 6.2 5.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 6.3 5.3 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 & AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 5.4 OWNER and AGENT agree to follow all Federal and Local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws laws and/or Landlord/Tenant Laws, this contract may will be terminated immediately and the management fees for the balance of this contract or $500$ , whichever is greater, will be due immediately.. (Idaho Code, Section 18-7303) 6.7 5.5 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER, 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 more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property. (Idaho Code, Sections 6-303, et. seq.) 6.8 OWNER has read the AGENT’s Eviction Protection Plan and chooses to: 6.9 AGENT 5.6 Agent assumes no responsibility or management of personal property left by OWNER at PREMISES. 6.10 5.7 In the event the OWNER wishes to move back into their property requiring the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT earlybreak their lease, the OWNER agrees to pay the termination fee on the tenant’s tenant(s) behalf and reimburse the outgoing tenant tenant(s) any prepaid rents and any reasonable expenses to have tenant the tenant(s) vacate the PREMISES property within the specified time frame. All other contractual agreements are still in force, and AGENT is entitled to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would have been earned had the tenant remained in the PREMISES.

Appears in 1 contract

Samples: Rental Management Agreement

Leasing and Renting. OWNER grants to AGENT the following authority which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest. 6.1 5.1 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare and execute all leases, including renewals, renewals and extensions and amendments of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 6.2 5.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 6.3 5.3 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 & AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 5.4 OWNER and AGENT agree to follow all Federal and Local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws laws and/or Landlord/Tenant Laws, this contract may will be terminated immediately and the management fees for the balance of this contract or $500, whichever is greater, will be due immediately.. (Idaho Code, Section 18-7303) 6.7 5.5 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER, 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 more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property. (Idaho Code, Sections 6-303, et. seq.) 6.8 OWNER has read the AGENT’s Eviction Protection Plan and chooses to: 6.9 AGENT 5.6 Agent assumes no responsibility or management of personal property left by OWNER at PREMISES. 6.10 5.7 In the event the OWNER wishes to move back into their property requiring the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT earlybreak their lease, the OWNER agrees to pay the termination fee on the tenant’s tenant(s) behalf and reimburse the outgoing tenant tenant(s) any prepaid rents and any reasonable expenses to have tenant the tenant(s) vacate the PREMISES property within the specified time frame. All other contractual agreements are still in force, and AGENT is entitled to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would have been earned had the tenant remained in the PREMISES.

Appears in 1 contract

Samples: Rental Management Agreement

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Leasing and Renting. OWNER grants to AGENT the following authority which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest. 6.1 5.1 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare and execute all leases, including renewals, renewals and extensions and amendments of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 6.2 5.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 6.3 5.3 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 & AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 5.4 OWNER and AGENT agree to follow all Federal and Local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws laws and/or Landlord/Tenant Laws, this contract may will be terminated immediately and the management fees for the balance of this contract or $500, whichever is greater, will be due immediately.. (Idaho Code, Section 18-7303) 6.7 5.5 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER, 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 more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property. (Idaho Code, Sections 6-303, et. seq.) 6.8 OWNER has read the AGENT’s Eviction Protection Plan and chooses to: 6.9 AGENT 5.6 Agent assumes no responsibility or management of personal property left by OWNER at PREMISES. 6.10 5.7 In the event the OWNER wishes to move back into their property requiring the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT earlybreak their lease, the OWNER agrees to pay the termination fee on the tenant’s tenant(s) behalf and reimburse the outgoing tenant tenant(s) any prepaid rents and any reasonable expenses to have tenant the tenant(s) vacate the PREMISES property within the specified time frame. All other contractual agreements are still in force, and . 5.8 AGENT is entitled may provide the lockbox code or may use an automated electronic lockbox system that allows access to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would the property for prospective tenants who have been earned had the tenant remained in the PREMISES.provided their driver’s license or other appropriate pre-screening documentation

Appears in 1 contract

Samples: Rental Management Agreement

Leasing and Renting. 6.1 OWNER grants authority to AGENT the following authority AGENT, which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest, to act on behalf of the OWNER in interactions with existing and future TENANTS. During the term of this AGREEMENT, OWNER shall not authorize any other person to negotiate or act as rental AGENT with respect to any leases for the PREMISES. 6.1 6.2 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare and execute all leases, including renewals, extensions and amendments of leases and to cancel and modify existing leases, leases utilizing AGENT forms and agreements exclusively. 6.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 6.3 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 6.4 OWNER and AGENT agree to follow all Federal Federal, State and Local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws and/or Landlord/Landlord Tenant Laws, this contract may will be terminated immediately and the management fees for the balance of this contract or $500, whichever is greater, will be due immediately.. (Idaho Code, Section 18-7303) 6.7 6.5 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as the AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER, for the purpose of evicting tenants TENANTS in default and to recover possession of the PREMISES, to recover unpaid rents and other sums due from any tenant TENANT to settle, compromise and release claims by or against any tenant, and to employ attorneys for settle payment of rent more than that five days in arrears. OWNER agrees that AGENT is not responsible for the any ongoing collection attempts of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the propertyproperty (Idaho Code, Section 6- 303, et. Seq.) 6.8 OWNER has read the AGENT’s Eviction Protection Plan and chooses to: 6.9 6.6 AGENT assumes no responsibility or management of personal property left by OWNER at PREMISES. 6.10 6.7 In the event the OWNER wishes to move back into their property, requiring the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT earlybreak their lease, the OWNER agrees to pay the termination fee on the tenant’s tenant(s) behalf and reimburse the outgoing tenant tenant(s) any prepaid rents and any reasonable expenses to have tenant the tenants(s) vacate the PREMISES property within the specified time frame. All other contractual agreements are still in force, and AGENT is entitled to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would have been earned had the tenant remained in the PREMISES.

Appears in 1 contract

Samples: Rental Management Agreement

Leasing and Renting. OWNER grants to AGENT the following authority which AGENT may exercise when and to the extent AGENT determines to be in OWNER’S best interest. 6.1 5.1 AGENT shall use all reasonable effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare and execute all leases, including renewals, renewals and extensions and amendments of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 6.2 5.2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 6.3 5.3 OWNER acknowledges and agrees that if the PREMISES managed under this AGREEMENT is subject to HOAs, CC&Rs and/or other bylaws or governing covenants and restrictions, such restrictions and covenants will govern. AGENT is authorized to work with the HOA, but bears no liability or responsibility to dispute any provision of the covenants or decisions of the HOA, and OWNER specifically agrees to indemnity and hold harmless AGENT for any and all claims, actions, demands, damages, injuries or the like arising from the HOA determinations, CC&R restrictions/covenants and/or all other bylaws governing said property. 6.4 AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 6.5 For each renewal lease or extension of minimum term tenancy OWNER agrees to pay AGENT a 6.6 5.4 OWNER and AGENT agree to follow all Federal and Local Fair Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing Laws laws and/or Landlord/Tenant Laws, this contract may will be terminated immediately and the management fees for the balance of this contract or $500, whichever is greater, will be due immediately.. (Idaho Code, Section 18‐7303) 6.7 5.5 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER, 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 more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property. (Idaho Code, Sections 6‐303, et. seq.) 6.8 OWNER has read the AGENT’s Eviction Protection Plan and chooses to: 6.9 AGENT 5.6 Agent assumes no responsibility or management of personal property left by OWNER at PREMISES.. SAMPLE 6.10 5.7 In the event the OWNER wishes to move back into their property requiring the PREMISES within the rental term, and tenant mutually agree to terminate the RENTAL AGREEMENT earlybreak their lease, the OWNER agrees to pay the termination fee on the tenant’s tenant(s) behalf and reimburse the outgoing tenant tenant(s) any prepaid rents and any reasonable expenses to have tenant the tenant(s) vacate the PREMISES property within the specified time frame. All other contractual agreements are still in force, and AGENT is entitled to all compensation as set forth in this AGREEMENT, including but not limited to all fees that would have been earned had the tenant remained in the PREMISES.

Appears in 1 contract

Samples: Rental Management Agreement

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