Rent Collection and Services with Respect to Leases. (a) Manager shall use commercially reasonable efforts to cause the Property to be fully rented to qualified tenants, and in connection therewith shall: consult Owner with respect to rental and renewal of occupancy space to qualified tenants and propose, supervise and implement a leasing program which shall include leasing parameters, including, rents, tenant improvement allowances, free rent periods and other tenant concessions with respect to the Property, which leasing program shall include the then current year’s Leasing Budget and shall be subject to the prior written approval of Owner (once approved, the “Approved Leasing Program”); cooperate with licensed real estate brokers having clients interested in renting space in the Property; advertise the Property; and order and purchase all signs, renting plans, price lists, booklets, circulars and advertising to offer space in the Property for rent, all subject to Owner’s approval and at Owner’s expense. All Leases shall be on the Standard Form of Lease. Manager shall revise the Standard Form of Lease at Owner’s written direction. The form, content and terms of all Leases and the acceptability of all tenants shall be subject to approval of Owner and all Leases shall be in Owner’s name and executed by Owner unless Owner expressly in writing authorizes and directs Manager, as Owner’s property manager, to execute a Lease. Manager shall cooperate with legal counsel designated and retained by Owner to negotiate all Leases. All legal costs and expenses incurred to negotiate said Leases shall be paid by Owner. Manager shall act as Owner’s exclusive agent in the leasing of the Property or at the direction of Owner, Manager shall contract with a third party licensed real estate brokerage firm to act as Owner’s exclusive agent in the leasing of the Property pursuant to an agreement approved by Owner. Manager represents that it is duly licensed to provide such leasing services.
Rent Collection and Services with Respect to Leases. (A) Manager shall use its diligent and commercially reasonable efforts to cause the Property to be fully rented to desirable tenants, and in connection therewith Manager shall have the exclusive authority and exclusive right to negotiate and execute leases with Tenants for the rent, and upon such other terms and conditions as Manager may, in its sole discretion, from time to time approve, provided Manager's policies and practices respecting rental rights and the like are consistent. with the policies, practices, leasing parameters and lease documents established from time to time by Owner in its sole discretion; provided further, that leases shall be on Owner's standard lease form, as updated from time to time, if Owner provides Manager with the same. Manager shall ensure that all leasing, real property advertising or real property brokerage activities for the Property conducted by Manager, its employees or agents, shall be in accordance with Tennessee and applicable federal law and Manager shall obtain all required licenses or other authorizations required under Tennessee and applicable federal law prior to conducting any such activities.
Rent Collection and Services with Respect to Leases. (A) Manager shall perform any duties and exercise any rights conferred upon the Owner, as landlord, under all leases covering the Property.
