Common use of LIABILITY FOR TENANT DEFAULT Clause in Contracts

LIABILITY FOR TENANT DEFAULT. Although the aim is to take every care in managing the Property, the Agent cannot accept responsibility for non-payment of rent, damage or other default by tenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An insurance policy is recommended for this eventuality.

Appears in 17 contracts

Samples: Full Management Service Agreement, Rent Collection & Compliance Service Agreement, Rent Collection & Compliance Service Agreement

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LIABILITY FOR TENANT DEFAULT. Although the aim is to take every care in managing selecting a suitable tenant for the Property, the Agent cannot accept responsibility for non-payment of rent, damage or other default by tenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An insurance policy is recommended for this eventuality.

Appears in 5 contracts

Samples: Find Tenant Only Service Agreement, Find Tenant Only Service Agreement, Find Tenant Only Service Agreement

LIABILITY FOR TENANT DEFAULT. 2.1 Although the our aim is to take every care in managing the Property, the Agent cannot accept responsibility for non-payment of rent, damage damage, or other default by tenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An insurance policy is recommended for this eventuality.

Appears in 5 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

LIABILITY FOR TENANT DEFAULT. Although the aim is to take every care in managing the Property, the Agent cannot accept responsibility for non-non- payment of rent, damage or other default by tenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An insurance policy is recommended for this eventuality.

Appears in 4 contracts

Samples: Property Management Agreement, Agency Agreement, Agency Agreement

LIABILITY FOR TENANT DEFAULT. Although the aim is to take every care in managing the Propertyproperty, the Agent cannot accept responsibility for non-payment of rent, damage or other default by tenantsTenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An insurance policy is recommended for this eventuality. Should non-payment of rent occur, the Landlord is still required to pay the management fee.

Appears in 1 contract

Samples: Terms of Business

LIABILITY FOR TENANT DEFAULT. Although the aim is to take every care in managing the Property, the The Agent cannot accept responsibility for non-payment of rent, damage damage, or other default by tenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An insurance policy is recommended for this eventuality.

Appears in 1 contract

Samples: Landlord Terms of Business & Agency Agreement

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LIABILITY FOR TENANT DEFAULT. 2.1 Although the our aim is to take every care in managing the Property, the Agent cannot accept responsibility for non-non- payment of rent, damage damage, or other default by tenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An insurance policy is recommended for this eventuality.

Appears in 1 contract

Samples: Agency Agreement

LIABILITY FOR TENANT DEFAULT. 2.1 Although the our aim is to take every care in managing the Property, the Agent cannot accept responsibility for non-non- payment of rent, damage damage, or other default by tenants, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An If insurance policy is recommended for this eventualityeventuality is requested by the Landlord, the Landlord agrees to pay the Management Fee on Due Rent inclusive of Rent Guarantee fee.

Appears in 1 contract

Samples: Agency Agreement

LIABILITY FOR TENANT DEFAULT. Although the aim is to take every care successfully manage the Property in managing the Propertyall respects, the Agent cannot accept responsibility for non-payment of rent, damage or other default by tenantsTenant, or any associated legal costs incurred in their collection where the Agent has acted correctly in terms of this Agreement, or on the Landlord’s instructions. An A Landlord insurance policy is recommended for this eventuality.

Appears in 1 contract

Samples: Agency Agreement

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