Common use of AUTHORITY AND POWERS Clause in Contracts

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.