Common use of THE OWNER AGREES Clause in Contracts

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing administrative charge, and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx for and recover rent; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring items not exceeding $5,000.00, and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary therefore. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner Owner) and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, ; however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing subleasing administrative charge, charge and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, janitors and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, thereof and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring nonrecurring items not exceeding $5,000.00, 5,000 and to enter into agreements for all necessary repairs, maintenance, minor alterations, alterations and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account accounts of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, therewith the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner Owner) and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, ; however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing subleasing administrative charge, charge and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when whxx expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, janitors and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, thereof and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring nonrecurring items not exceeding $5,000.00, 5,000 and to enter into agreements for all necessary repairs, maintenance, minor alterations, alterations and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account accounts of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, therewith the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner Owner) and agrees to assume all expenses in connection therewith:. 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, ; however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing subleasing administrative charge, charge and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, janitors and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, thereof and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring nonrecurring items not exceeding $5,000.00, 5,000 and to enter into agreements for all necessary repairs, maintenance, minor alterations, alterations and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account accounts of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, therewith the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner and agrees to assume all expenses in connection therewith:): 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing administrative charge, and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rentrecovex xent; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-non- recurring items not exceeding $5,000.00, and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner Owner) and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing administrative charge, and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring items not exceeding $5,000.00, and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner Owner) and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, ; however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing subleasing administrative charge, charge and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when whxx expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, janitors and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, thereof and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring items not exceeding $5,000.00, 5,000.00 and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account accounts of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 1954, with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, therewith the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.the

THE OWNER AGREES. To give the Agent AGENT the following authority and powers (all or any of which may be exercised in the name of the Owner OWNER) and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the OwnerOWNER; provided, ; however, that the Agent AGENT may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing subleasing administrative charge, charge and/or broker's commission and need not account for such charges and/or commission to the OwnerOWNER; to terminate tenancies and to sign and serve such notices as are deemed needful by the AgentAGENT; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner OWNER shall reimburse Agent AGENT for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent AGENT does not recover from tenants. Agent AGENT may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, janitors and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, thereof and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring nonrecurring items not exceeding $5,000.00, 5,000 and to enter into agreements for all necessary repairs, maintenance, minor alterations, alterations and utility services; and to purchase supplies and pay bills. Agent AGENT shall secure the approval of the Owner OWNER for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the AgentAGENT, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the AgentAGENT's custodial account. 3.4 Agent AGENT agrees to collect all tenant security deposits. Owner OWNER instructs Agent AGENT to deposit all security deposits in the general operating account accounts of the property. Agent AGENT is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner OWNER as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent AGENT on behalf of the Owner OWNER and under any similar federal and state law now or hereafter in force (and in connection therewith, therewith the Owner OWNER agrees upon request to promptly execute and deliver to the Agent AGENT all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent AGENT shall not be required to advance any monies for the care or management of said property, and the Owner OWNER agrees to advance all monies necessary thereforetherefor. If the Agent AGENT shall elect to advance any money in connection with the property, the Owner OWNER agrees to reimburse the Agent AGENT forthwith and hereby authorizes the Agent AGENT to deduct such advances from any monies due the OwnerOWNER. The AgentAGENT, shall, upon instruction from the OwnerOWNER, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure. In addition, the OWNER agrees to establish a permanent Operating Reserve Account with the AGENT in the amount of $ Not Applicable .

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing administrative charge, and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when expedient, to settle, compromisecompxxxise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-non- recurring items not exceeding $5,000.00, and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing administrative charge, and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rentrexx; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-non- recurring items not exceeding $5,000.00, and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent AGENT the following authority and powers (all or any of which may be exercised in the name of the Owner OWNER) and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year 12 months and to renew and/or cancel the existing leases and prepare and execute the new leases without an additional charge to the OwnerOWNER; provided, however, that the Agent AGENT may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing administrative charge, and/or broker's commission fees from prospective tenants and need not account for such charges and/or commission to the OwnerOWNER; to terminate tenancies and to sign and serve such notices as are deemed needful by the AgentAGENT; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sxx for and recover rent; and, when expedient, to settle, compromise, and release such actions or suits, or reinstate such tenancies. Owner OWNER shall reimburse Agent AGENT for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent AGENT does not recover from tenants. Agent AGENT may select the attorney of its choice to handle such litigation, subject to OWNER’S approval, which approval shall not be unreasonably withheld. 3.2 To hire, discharge, and pay all managers, engineers, janitors, and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, thereof and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-recurring nonrecurring items not exceeding $5,000.00, 1,000.00 and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay all bills. Agent All contracts shall include a reasonable completion date. AGENT shall secure the approval of the Owner OWNER for itemsany alterations or expenditures in excess of $1,000.00 for any one item, or eight hours labor for any one incident, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the AgentAGENT, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the AgentAGENT's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all To handle tenants' security deposits in and to comply, on the general operating account of OWNER's behalf, with applicable state or local laws concerning the property. Agent is not to segregate the AGENT's responsibility for security deposits into a separate account or into an escrow accountand interest thereon, if any. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner OWNER as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act Act, and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent AGENT on behalf of the Owner OWNER and under any similar federal and state law now or hereafter in force (and in connection therewith, therewith the Owner OWNER agrees upon request to promptly execute and deliver to the Agent AGENT all necessary powers of attorney, notices notice of appointment, and the like). 3.6 To prepare and cause to be filed all documentation for the Premises required under the City of Los Angeles Rent Stabilization Ordinance. 3.7 The Agent AGENT shall not be required to advance any monies for the care or management of said property, and the Owner OWNER agrees to advance all monies necessary thereforetherefor. If the Agent AGENT shall elect to advance any money in connection with the property, the Owner OWNER agrees to reimburse the Agent AGENT forthwith and hereby authorizes the Agent AGENT to deduct such advances from any monies due the OwnerOWNER. The Agent, AGENT shall, upon instruction from the OwnerOWNER, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.

THE OWNER AGREES. To give the Agent the following authority and powers (all or any of which may be exercised in the name of the Owner and agrees to assume all expenses in connection therewith: 3.1 To advertise the Premises or any part thereof; to display signs thereon and to rent the same; to cause references of prospective tenants to be investigated; to sign leases for terms not in excess of one (1) year and to renew and/or cancel the existing leases and prepare and execute the new leases without additional charge to the Owner; provided, however, that the Agent may collect from tenant all or any of the following: a late rent administrative charge, a non-negotiable check charge, credit report fee, a sub-leasing administrative charge, and/or broker's commission and need not account for such charges and/or commission to the Owner; to terminate tenancies and to sign and serve such notices as are deemed needful by the Agent; to institute and prosecute actions to oust tenants and to recover possession of the Premises; to xxx sue for and recover rent; and, when expedient, to settle, compromisecomxxxmise, and release such actions or suits, or reinstate such tenancies. Owner shall reimburse Agent for all expenses of litigation including attorneys' fees, filing fees, and court costs which Agent does not recover from tenants. Agent may select the attorney of its choice to handle such litigation. 3.2 To hire, discharge, and pay all managers, engineers, janitors, and other employees; to make or cause to be made all ordinary repairs and replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof, and all alterations required to comply with lease requirements, and to do decorating on the Premises; to negotiate contracts for non-non- recurring items not exceeding $5,000.00, and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay bills. Agent shall secure the approval of the Owner for items, except monthly or recurring operating charges and emergency repairs in excess of the maximum, if, in the opinion of the Agent, such repairs are necessary to protect the property from damage or to maintain services to the tenants as called for by their tenancy. 3.3 To collect rents and/or assessments and other items due or to become due and give receipts therefore therefor and to deposit all funds collected hereunder in the Agent's custodial account. 3.4 Agent agrees to collect all tenant security deposits. Owner instructs Agent to deposit all security deposits in the general operating account of the property. Agent is not to segregate the security deposits into a separate account or into an escrow account. 3.5 To execute and file all returns and other instruments and do and perform all acts required of the Owner as an employer with respect to the Premises under the Federal Insurance Contributions Acts, the Federal Unemployment Tax Act and Subtitle C of the Internal Revenue Code of 1954 with respect to wages paid by the Agent on behalf of the Owner and under any similar federal and state law now or hereafter in force (and in connection therewith, the Owner agrees upon request to promptly execute and deliver to the Agent all necessary powers of attorney, notices of appointment, and the like). 3.6 The Agent shall not be required to advance any monies for the care or management of said property, and the Owner agrees to advance all monies necessary thereforetherefor. If the Agent shall elect to advance any money in connection with the property, the Owner agrees to reimburse the Agent forthwith and hereby authorizes the Agent to deduct such advances from any monies due the Owner. The Agent, shall, upon instruction from the Owner, impound reserves each month for the payment of real estate taxes, insurance, or any other special expenditure.