AUTHORITY AND POWERS Clause Samples
The "Authority and Powers" clause defines the scope of rights and abilities granted to a party, typically an agent, representative, or governing body, under an agreement. It outlines what actions the authorized party is permitted to take on behalf of another, such as entering into contracts, making decisions, or managing assets. This clause ensures that all parties understand the extent and limits of the authority being granted, thereby preventing unauthorized actions and clarifying responsibilities.
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AUTHORITY AND POWERS. Owner/Landlord grants Broker/Agent the authority and power, at Owner/▇▇▇▇▇▇▇▇’s expense to:
(a) Advertise: Display "for rent," "for lease," and similar signs on the Property; advertise the availability for rental or lease of the Property or any part of it, including but not limited to online, local and in office advertising. Broker/Agent shall advertise the property at the expense of the Owner/Landlord, but Owner/Landlord shall have the right to limit advertising expenditures at any time by delivering written notice to Broker/Agent. BROKER/AGENT will install a free ▇▇▇▇▇▇.▇▇▇ secure lockbox on the owner’s property as an aid to allow “self-showing” of the property to all prospective tenants, which requires credit card approval and gives Verandah Properties, LLC immediate notice of viewing by cell phone and email.
(b) Rental/Leasing: Initiate, sign, renew, or cancel rental agreements and leases for the Property or any part of it; collect and give receipts for rents, other charges, and security deposits. Any lease executed by ▇▇▇▇▇▇/Agent for Owner/Landlord shall not exceed one year without Owner/Landlord authorization. Owner/Landlord shall not be provided with the TENANT’S credit report and/or application unless specifically authorized in writing by the TENANT(S) and the provider of the credit report.
(c) Tenancy Termination: Sign and serve in Owner/Landlord's name with Owner/Landlord authorization, notices which are required or appropriate; commence and prosecute actions to evict tenants with Owner/Landlord authorization; recover possession of the Property in Owner/Landlord's name; recover rents and other sums due; and when expedient, settle, compromise, and release claims, actions and suits and/or reinstate tenancies.
(d) Repair/Maintenance: Verandah Properties, LLC will make and/or supervise repairs, 3rd party inspections, improvements, alterations, and decorations to the property. Verandah Properties, LLC will purchase and pay bills for services and supplies. Broker/Agent shall notify Owner/Landlord of all expenditures over $350.00 for any one item. Prior approval is not required for monthly or recurring operating charges as authorized by Owner/Landlord. In addition, if in Broker/Agent's opinion emergency expenditures over the maximum are needed to protect the Property, or other property from damage, prevent injury to persons, avoid suspension of necessary services, avoid penalties, fines, or suspension of services to tenants called for in a lease or ren...
AUTHORITY AND POWERS. Owner grants to Management the authority and power, at Owner’s expense,to:
(a) Advertise: Display “for rent,” “for lease,” and similar signs on the Property; Advertise the availability for rental or lease of the Property or any part of it.
(b) Rental/Leasing: Initiate, sign, renew, or cancel rental agreements and leases for the property or any part of it; collect and give receipts for rents, other charges, and security deposits. Any lease executed by Management for Owner shall not exceed one year. Unless otherwise agreed to by owner.
(c) Tenancy Termination: Sign and serve in Owner’s name notices which are required or appropriate; Commence and prosecute actions to evict tenants; Recover possession of the Property in Owner’s name; Recover rents and other sums due; and when expedient, settle, compromise, and release claims, actions and suits and/or reinstate tenancies.
(d) Repair/Maintenance: Make, cause to be made, and/or supervise repairs, improvements, alterations, and decorations to the Property; Purchase and pay bills for services and supplies. Management shall obtain prior approval of Owner on all expenditures over $400.00 for any one item. Prior approval shall not be required for monthly or recurring operating charges, or if in Management’s opinion emergency expenditures over the maximum are needed to protect the Property, or other property (ies) from damage, prevent injury to persons, avoid suspension of necessary services, avoid penalties, fines, or suspension of services to tenants called for in a lease or rental agreement or by law. Management shall not be required to advance Management’s own funds in connection with the Property or this Agreement. However, if Management elects to advance any funds, Owner shall immediately repay to Management, on request, the amount advanced.
(e) Contracts/Services: Contract, hire, supervise, and/or discharge firms and persons, including utilities, required for the operation and maintenance of the Property. Management may perform any of Management’s duties through attorneys, agents, employees, and independent contractors, and shall not be responsible for their acts, omissions, defaults, negligence, and/or costs of same, except for persons working in Ally Properties..
(f) Expense Payments: Pay expenses and costs for the Property from Owner’s funds held by Management, unless directed otherwise by Owner, including but not limited to property management fees and charges, expenses for goods and services, property and o...
AUTHORITY AND POWERS. Owner grants Broker the authority and power, at Owner's expense, to:
A. ADVERTISING: Display FOR RENT/LEASE and similar signs on the Property and advertise the availability of the Property, or any part thereof, for rental or lease.
B. RENTAL; LEASING: Initiate, sign, renew, modify or cancel rental agreements and leases for the Property, or any part thereof; collect and give receipts for rents, other fees, charges and security deposits. Any lease or rental agreement executed by Broker for Owner shall not exceed year(s) or shall be month-to-month. Unless Owner authorizes a lower amount, rent shall be: at market rate; OR a minimum of $ per ; OR see attachment.
C. TENANCY TERMINATION: Sign and serve in Owner’s name notices that are required or appropriate; commence and prosecute actions to evict tenants; recover possession of the Property in Owner’s name; recover rents and other sums due; and, when expedient, settle, compromise and release claims, actions and suits and/or reinstate tenancies.
AUTHORITY AND POWERS. Owner grants Broker the authority and power, at Owner's expense, to: ADVERTISING: Display FOR RENT/LEASE and similar signs on the Property and advertise the availability of the Property, or any part thereof, for rental or lease. RENTAL; LEASING: Initiate, sign, renew, modify or cancel rental agreements and leases for the Property, or any part thereof; collect and give receipts for rents, other fees, charges and security deposits. Any lease or rental agreement executed by Broker for Owner shall not exceed year(s) or shall be month-to-month. Unless Owner authorizes a lower amount, rent shall be: at market rate; OR a minimum of $ per ; OR see attachment.
AUTHORITY AND POWERS. Subject to the other provisions of this Agreement, all powers of the Company shall be exercised by or under the authority of the Board of Managers. Decisions of the Board of Managers within its scope of authority shall be binding upon the Company and the Member. The Board of Managers may execute all documents, instruments, and agreements reasonably deemed by the Board of Managers to be necessary, appropriate, or needed for the performance of its duties and the exercise of its powers. Furthermore, the Board of Managers may retain attorneys, accountants, and other professionals in the course of the performance of the Managers’ duties and exercise of their powers.
AUTHORITY AND POWERS. The Company is authorized and empowered to do any and all acts and things necessary, appropriate, proper, advisable, incidental to, or convenient for the furtherance and accomplishment of its purposes, and for the protection and benefit of the Company, including without limitation, all acts and things permitted under the Act and this Agreement.
AUTHORITY AND POWERS. The Authority shall have all the power necessary and proper to carry out the purposes for which it is established pursuant to Section 1.a above and the IGA Statute including the specific sections thereof referenced above to the fullest extent permitted by law, including, but not limited to, the following:
(1) To promote, sponsor, manage, plan and direct research on issues pertaining to the protection, improvement, management, development, and use of the water resources of the Roaring Fork River and its tributaries.
(2) To assist, support, advise, and consult with the parties hereto or with other parties or agencies expressly approved by the parties hereto on issues of river or reservoir management, water diversion, water storage, recreational resources, water quality, riverbed stability, invasive species, hydropower development or other issues connected with the management and use of water resources of the Roaring Fork watershed.
(3) To manage the invasive species protection program and any other threats to the integrity of the water resources at Ruedi Reservoir.
(4) To develop water resources, systems, or facilities in whole or in part for the benefit of the watershed and its inhabitants, at the discretion of the Board of Directors, subject to fulfilling any conditions or requirements set forth in this Agreement;
(5) To develop electric energy resources and to produce or transmit electric energy in whole or in part for the benefit of the inhabitants of the contracting parties;
(6) To advocate for the rehabilitation of any services adversely affected by the construction of pipelines, facilities, or systems through the rehabilitation of plant cover, soil stability, and other measures appropriate to the subsequent beneficial use of such lands.
(7) To act as a legislative appointee to the Colorado River Basin Roundtable, at the joint pleasure of the Chairs of the Senate Agriculture, Natural Resources, and Energy Committee, and the House Agriculture, Livestock, and Natural Resources Committee.
(8) To make or enter into contracts.
(9) To employ agents and employees.
(10) To acquire, construct, manage, maintain, or operate water or electric energy systems, facilities, works or improvements or any interest therein.
(11) To acquire, hold, lease (as lessor or lessee), sell or otherwise dispose of any real or personal property, commodity, or service.
(12) To incur debts, liabilities, or obligations.
(13) To sue and be sued in its own name.
(14) To fix, maintain and ...
AUTHORITY AND POWERS. Owner grants MYR the authority and power, at Owner’s expense, to:
A. ADVERTISING: Display FOR RENT, FOR LEASE, and similar signs on the Property; advertise the availability for rental or lease of the Property, or any part of it.
B. RENTAL/ LEASING: Initiate, sign, renew, or cancel rental agreements and leases for the Property, or any part of it; collect and give receipts for rents, other charges, and security deposits. Any lease executed by MYR for Owner shall not exceed one year without written approval from Owner.
C. TENANCY TERMINATION: Sign and serve in Owner’s name notices which are required or appropriate; commence and prosecute actions to evict tenants; recover possession of the Property in Owner’s name recover rents and other sums due; and when expedient, settle, compromise, and release claims, actions and suits, and/or reinstate tenancies.
AUTHORITY AND POWERS. All powers of the Company shall be exercised by or under the authority of the Board of Directors. Decisions of the Board of Directors within its scope of authority shall be binding upon the Company. Such powers shall specifically include but shall not be limited to the power to:
(a) Authorize any Officer or Officers, agent or agents to sign all checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Company, which shall be signed by such Officer or Officers, agent or agents of the Company and in such manner, including by means of facsimile signatures, as shall from time to time be determined by or under the authority of a resolution of the Board of Directors;
(b) Select directly or under the authority of a resolution such banks, trust companies or other depositories to which all funds of the Company not otherwise employed shall be deposited from time to time to the credit of the Company;
(c) Borrow and lend money at such rates of interest and from or to such parties as is approved, such approval may be general or confined to specific instances;
(d) Take such actions as are consistent with the Company's business and purpose under Section 1.3 of this Agreement;
(e) Insure the Company's activities and property;
(f) Pay out of the Company's funds all fees and expenses incurred in the organization and operation of the Company;
(g) Authorize the execution of all documents, instruments and agreements reasonably deemed by the Board of Directors to be necessary, appropriate or needed for the performance of its duties and the exercise of its powers under this Agreement;
(h) Appoint a registered agent or change the registered office pursuant to Section 1.4 above; and
(i) Retain attorneys, accountants and other professionals in the course of the performance of the Directors' duties and exercise of their powers.
AUTHORITY AND POWERS. Property Owner hereby grants Broker the authority and power, at Property Owner’s expense, to undertake the following activities on his, her or its behalf with respect to each Property listed on Exhibit A:
(a) ADVERTISING/LEASING. Broker will work diligently to procure qualified tenants at fair market rents through standard and customary practices. Property Owner agrees that any advertising or leasing expenses incurred at the direction of the Property Owner are the responsibility of Property Owner and shall be reimbursed to Broker. Broker will provide professional photos of the Property at no cost to Property Owner. Broker will use commercially reasonable efforts to screen and select tenants. ▇▇▇▇▇▇ will work on behalf of the Property Owner. Property Owner hereby authorizes ▇▇▇▇▇▇, as its agent, to execute, negotiate, and sign a lease agreement with tenant on behalf of Property Owner and in the name of Property Owner. It is understood that all such tenants are tenants of Property Owner and not Broker. Broker may initiate, renew, modify or cancel rental agreements and leases for the Property, including executing any and all disclosures and required forms associated with the rental agreement of any part thereof; collect and give receipts for rents, other fees, charges and security deposits. It is understood and agreed that this property will be rented in accordance with Fair Housing Laws without regard to race, religion, sex, disability, familial status, color or national origin, or any other class protected by law. Broker shall use commercially reasonable efforts to keep the Property rented. However, ▇▇▇▇▇▇ does not guarantee the payment of rent by the tenant, but will use commercially reasonable efforts to collect such payments when and as they become due.