Common use of Lessor’s Agent Clause in Contracts

Lessor’s Agent. A Lessor's agent under a listing agreement with the Lessor acts as the agent for the Lessor only. A Lessor's agent or subagent has the following affirmative obligations: TO THE LESSOR: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessor. TO THE LESSEE AND THE LESSOR: (a) Diligent exercise of reasonable skills and care in performance of the agent's duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease Net (Divine Inc)

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Lessor’s Agent. A Lessor's ’s agent under a listing agreement with the Lessor acts as the agent for the Lessor only. A Lessor's ’s agent or subagent has the following affirmative obligations: TO THE LESSORTo the Lessor: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessor. TO THE LESSEE AND THE LESSORTo the Lessee and the Lessor: (a) a. Diligent exercise of reasonable skills and care in performance of the agent's ’s duties. (b) . b. A duty of honest and fair dealing and good faith. (c) . c. A duty to INITIALS INITIALS disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease (Genoptix Inc)

Lessor’s Agent. A Lessor's agent under a listing agreement with the Lessor acts as the agent for the Lessor only. A Lessor's agent or subagent has the following affirmative obligations: TO THE LESSORTo the Lessor: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessor. TO THE LESSEE AND THE LESSORTo the Lessee and the Lessor: (a) Diligent exercise of reasonable skills and care in performance of the agent's duties. , (b) A duty of honest and fair dealing and good faith. , (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (Alldigital Holdings, Inc.)

Lessor’s Agent. A Lessor's agent under a listing agreement with the Lessor acts as the agent for the Lessor only. A Lessor's agent or subagent has the following affirmative obligations: TO THE LESSOR: To the Lessor. A fiduciary duty of utmost care, integrityIntegrity, honesty, and loyalty in dealings with the Lessor. TO THE LESSEE AND THE LESSOR:To the Lessee and the Lessor. (a) Diligent exercise of reasonable skills and care in In performance of the agent's duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information Information obtained from the other Party which does not involve the affirmative duties set forth above.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (uWink, Inc.)

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Lessor’s Agent. A Lessor's ’s agent under a listing agreement with the Lessor acts as the agent for the Lessor only. A Lessor's ’s agent or subagent has the following affirmative obligations: TO THE LESSORTo the Lessor: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessor. TO THE LESSEE AND THE LESSORTo the Lessee and the Lessor: (a) Diligent exercise of reasonable skills and care in performance of the agent's ’s duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party Parties which does not involve the affirmative duties set forth above.

Appears in 1 contract

Samples: Lease Agreement (Occam Networks Inc/De)

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