Common use of AUTHORITY AND POWERS Clause in Contracts

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 other taxes, Association dues, assessments, loan payments, and insurance premiums.

AUTHORITY AND POWERS. Owner grants to Management Broker the authority and power, at Owner’s expense,, to: (a) AdvertiseA. ADVERTISING: Display “for rent,” “for lease,” and similar signs on the PropertyFOR RENT, FOR LEASE, as needed; Advertise advertise the availability for rental or lease of the Property Property, or any part of it. (b) RentalB. RENTAL/LeasingLEASING: Initiate, sign, renew, or cancel rental agreements and leases for the property Property, or any part of it; collect and give receipts for rents, other charges, and security deposits. Any lease executed by Management Broker for Owner shall not exceed one year1 year (s). Unless otherwise agreed to by ownerOwner authorizes a lower amount, rent shall: be a minimum of $ per ; OR see attachment. (c) Tenancy TerminationC. TENANCY TERMINATION: Sign and serve in Owner’s name notices which are required or appropriate; Commence commence and prosecute actions to evict tenants; Recover recover possession of the Property in Owner’s name; Recover recover rents and other sums due; and when expedient, settle, compromise, and release claims, actions and suits suits, and/or reinstate tenancies. (d) RepairD. REPAIR/MaintenanceMAINTENANCE: Make, cause to be made, and/or supervise repairs, improvements, alterations, and decorations to the Property; Purchase purchase and pay bills for services and supplies. Management Broker shall obtain prior approval of Owner on all expenditures over $400.00 150 (one hundred fifty for any one item. Prior approval shall not be required for monthly or recurring operating charges, or or, if in ManagementBroker’s opinion opinion, emergency expenditures over the maximum are needed to protect the Property, Property or other property (ies) from damage, prevent injury to persons, avoid suspension of necessary services, avoid penalties, penalties or fines, or suspension of services to tenants called for in required by a lease or rental agreement or by law. Management Broker shall not be required to advance ManagementBroker’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 other taxes, Association dues, assessments, loan payments, and insurance premiums.

AUTHORITY AND POWERS. Owner grants to Management Manager the authority and power, at Owner’s expense,Owners expense to: (a) AdvertiseAdvertising: Display “"for rent,” “", "for lease,” ", and similar signs on the Property; Advertise property, advertise the availability for rental or lease of the Property property or any part of it. (b) Rental/Leasing: Initiate, sign, renew, renew or cancel rental agreements and leases for the property Property or any part of it; collect . Collect and give receipts for rents, other charges, charges and security deposits. Any lease executed by Management Manager for Owner shall not exceed one yearyear(s). Unless otherwise agreed to by owner.Rent shall he at least $ per month, unless Owner authorizes a lower amount. See attachment(s) (c) Tenancy Termination: Sign and serve in Owner’s name 's name, notices which that are required or appropriate; . Commence and prosecute actions to evict tenants; Recover , recover possession of the Property property in Owner’s owner's name; Recover , 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 Manager shall obtain prior approval of Owner 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 Manager's opinion, emergency expenditures over the maximum are is needed to protect the Property, or other property (ies) properties from damage, prevent injury to persons, avoid suspension of necessary unnecessary services, avoid penalties, penalties fines, or suspension of services to tenants called for in a lease or rental agreement or by law. Management Manager shall not be he required to advance Management’s Manager's own funds in connection with the Property or this Agreementagreement. However, if Management Manager elects to in advance any funds, Owner owner shall immediately promptly repay to ManagementManager, on request, the amount advanced. (e) ContractsContract/Services: Contract, hire, supervise, supervise and/or discharge firms and persons, including utilities, required for the operation and maintenance of the Propertyproperty. Management Manager may perform any of Management’s Manager'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..Manager's firm. (f) Expense Paymentspayments: Pay expenses and costs for the Property property from Owner’s owner's funds held by ManagementManager, unless directed otherwise by Owner, including but not limited to property management fees and charges, expenses for goods and services, property and other taxes, Association dues, assessments, loan payments, and insurance premiums.management