Authority of Property Manager Clause Samples

The 'Authority of Property Manager' clause defines the scope of powers and responsibilities granted to the property manager by the property owner. Typically, this clause outlines the manager's ability to make decisions regarding leasing, maintenance, rent collection, and contracting for services on behalf of the owner. By clearly delineating what actions the property manager is authorized to take, this clause ensures operational efficiency and prevents disputes over decision-making authority.
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Authority of Property Manager. Subject to the approval of Company where required hereunder, Property Manager shall have the power and authority to act on behalf of the Company with respect to the duties conferred upon Property Manager hereunder. The power and authority granted by Company to Property Manager hereunder shall include the power and authority to execute, acknowledge, and swear to the execution, acknowledgment of and the filing of, documents involving the ownership, financing, management and operation of the Property which are consistent with this Agreement, and any and all such other documents as may be necessary to implement the management powers of Property Manager set forth in this Agreement. If Company shall now or hereafter be comprised of more than one person or entity, any approval of Company required hereunder shall be deemed granted upon the affirmative consenting vote of persons or entities holding more than fifty percent (50%) of the interest in the Property.
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Authority of Property Manager. CHF is the owner and lessor of the property. Southern Oregon University is the manager of the property and does so on behalf of CHF. By signing this Contract, the Resident acknowledges and agrees that the University has the power and authority to enforce the terms of this Contract on behalf of CHF, including the collection of rent owed to CHF as lessor by the Resident as lessee pursuant to the terms of this Contract. In addition, the Resident acknowledges and agrees that the University has the power and authority to enforce all policies referenced in this Contract.
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Authority of Property Manager. ▇▇▇▇ is the owner of the property. Capstone On Campus Management (COCM) and Cornish College of the Arts are co-managers of the residence hall and does so on behalf of the owner of the residence hall. By signing this contract, the Resident acknowledges and agrees that COCM, Cornish College of the Arts, and City University of Seattle has the power and authority to enforce the terms of this contract on behalf of the owner, including the collection of charges and fees owed to the owner by the resident pursuant to the terms of this contract.
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Authority of Property Manager. The Owner grants to the Property Manager the following authority and power and agrees to assume responsibility for any and all expenses incurred in the exercise of said authority and power: (a) exclusive authority to (1) collect all rents due or to become due and to provide receipts to the tenants therefore; (2) terminate tenancies, if and when such shall be determined in the opinion of the Property Manager to be in the best interests of the Owner, and to serve in the name of the Owner such notices to the tenants as shall be appropriate; (3) institute and prosecute on behalf of Owner legal proceedings to evict tenants and/or to recover rents and other sums due relating to the Rental Property; and (4) settle, compromise or release such legal proceedings and/ or reinstate tenants, if determined by the Property Manager to be in the best interest of the Owner. (b) authority to arrange for such cleaning and other services and to arrange for such repairs, renovations, redecorating and alterations as may be determined by the Property Manager to be reasonable and necessary in the operation of the Rental Property and to maintain it in good condition and repair. The Property Manager shall secure prior approval from the Owner on any and all expenditures in excess of $500.00 for any one item, except for monthly or recurring normal expenses or charges and for emergency repairs, if in the good faith opinion of the Property Manager such repairs are necessary to protect the tenants, maintain services to the tenants or to protect the Rental Property. (c) authority to hire, discharge and observe all personnel and/or independent contractors required for the operation and maintenance of the Rental Property, provided any personnel hired as employees shall be the employees of the Property Manager and not the Owner. Owner agrees that Property Manager shall charge the Owner for the maintenance and other services provided by its employees based on reasonable market rates. In addition, Owner hereby ratifies and agrees to pay the charges billed by any such independent contractors for services provided to the Rental Property, plus an override to the Property Manager for overhead and coordination, as provided herein. (d) authority to enter into contracts for electricity, gas, water, sewer service, telephone, cable, window cleaning, yard maintenance, snow and ice removal, garbage and trash removal and such other services as the Property Manager shall in good ▇▇▇▇▇ ▇▇▇▇ to be reasonable...
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Authority of Property Manager. Upon the approval of any item by the Tenants in Common pursuant to Sections 2.2 and 2.3 of the Tenants in Common Agreement, the Property Manager shall have the power and authority to act on behalf of the Tenants in Common with respect to such items.
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Authority of Property Manager. Except as set forth in Section 3.11 below, any Leasing Guidelines as may be established from time to time by the Owner, and otherwise specifically provided, the Property Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the Property.
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Authority of Property Manager. HSRE is the owner of the property. Capstone On Campus Management (COCM) and Cornish College of the Arts are co-managers of the residence hall and does so on behalf of the owner of the residence hall. By signing this contract, the Resident acknowledges and agrees that COCM, Cornish College of the Arts, and City University of Seattle has the power and authority to enforce the terms of this contract on behalf of the owner, including the collection of charges and fees owed to the owner by the resident pursuant to the terms of this contract.
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Authority of Property Manager. HSRE-Capstone Cornish, LLC is the owner of the property. College and Agent are co-managers of the residence hall and does so on behalf of the owner of the residence hall. By signing this contract, the resident acknowledges and agrees that the College has the power and authority to enforce the terms of this contract on behalf of the owner, including the collection of charges and fees owed to the owner by the resident pursuant to the terms of this contract.
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Authority of Property Manager. The Landlord authorizes the Property Manager to take the following actions concerning the leased Premises:
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Related to Authority of Property Manager

  • Authority of Manager (a) Except for situations in which the approval of any Member(s) is specifically required by this Agreement, (i) all management powers over the business and affairs of the Company shall be exclusively vested in the Corporation, as the sole managing member of the Company (the Corporation, in such capacity, the “Manager”) and (ii) the Manager shall conduct, direct and exercise full control over all activities of the Company. The Manager shall be the “manager” of the Company for the purposes of the Delaware Act. Except as otherwise expressly provided for herein and subject to the other provisions of this Agreement, the Members hereby consent to the exercise by the Manager of all such powers and rights conferred on the Members by the Delaware Act with respect to the management and control of the Company. Any vacancies in the position of Manager shall be filled in accordance with Section 6.04. (b) The day-to-day business and operations of the Company shall be overseen and implemented by officers of the Company (each, an “Officer” and collectively, the “Officers”), subject to the limitations imposed by the Manager. An Officer may, but need not, be a Member. Each Officer shall be appointed by the Manager and shall hold office until his or her successor shall be duly designated and shall qualify or until his or her death or until he shall resign or shall have been removed in the manner hereinafter provided. Any one Person may hold more than one office. Subject to the other provisions in this Agreement (including in Section 6.07 below), the salaries or other compensation, if any, of the Officers of the Company shall be fixed from time to time by the Manager. The authority and responsibility of the Officers shall include, but not be limited to, such duties as the Manager may, from time to time, delegate to them and the carrying out of the Company’s business and affairs on a day-to-day basis. The existing Officers of the Company as of the Effective Time shall remain in their respective positions and shall be deemed to have been appointed by the Manager. All Officers shall be, and shall be deemed to be, officers and employees of the Company. An Officer may also perform one or more roles as an officer of the Manager. (c) The Manager shall have the power and authority to effectuate the sale, lease, transfer, exchange or other disposition of any, all or substantially all of the assets of the Company (including the exercise or grant of any conversion, option, privilege or subscription right or any other right available in connection with any assets at any time held by the Company) or the merger, consolidation, reorganization or other combination of the Company with or into another entity.

  • Authority of the Manager The Manager for, and in the name and on behalf of the Company, is hereby authorized to: (1) execute any and all agreements, contracts, documents, certifications and instruments necessary or convenient in connection with the purchase, financing, development, management, operation and disposition of the Company and its property or any portion thereof.; (2) employ on behalf of the Company agents, employees, accountants, lawyers, clerical help and such other assistance and services as the Manager may deem proper and to pay therefor such remuneration as the Manager may deem reasonable and appropriate; (3) pay insurance premiums, property taxes and other amounts necessary or appropriate to the management, administration, conservation, improvement, development or operation of the Company and its property; (4) make and enter into such agreements and contracts with such parties and to give such receipts, releases and discharges with respect to any and all of the foregoing and any matters incident thereto as the Manager may deem advisable or appropriate; (5) ▇▇▇ and be sued, complain and defend in the name of and on behalf of the Company; (6) operate, maintain, finance, approve, construct, own, grant options with respect to, sell, convey, assign, mortgage and lease any real estate or personal property necessary, convenient or incidental to the accomplishment of the purposes of the Company; (7) borrow money and issue evidences of indebtedness necessary, convenient or incidental to the accomplishment of the purposes of the Company and secure the same by mortgage, pledge or other lien on any property; (8) execute, in furtherance of any and all of the purposes of the Company, any deed, easement, lease, mortgage, deed of trust, mortgage note, promissory note, ▇▇▇▇ of sale, contract or other instrument purporting to convey or encumber any or all of the property of the Company; (9) care for and distribute funds to the Member by way of cash, income, return of capital, or otherwise, all in accordance with the provisions of this Agreement, and to perform all matters in furtherance of the objectives of the Company or this Agreement; (10) purchase from or through others contract, liability, casualty or other insurance for the protection of the properties or affairs of the Company, or the Member, or for any purpose convenient or beneficial to the Company; (11) pay all taxes, licenses or assessments of whatever kind or nature imposed upon or against the Company or its property, and for such purposes, to make such returns and to do other such acts or things as may be deemed necessary and advisable by the Company; to perform all acts and duties relating to the payment of all indebtedness, taxes and assessments; and to negotiate and enter into such agreements deemed necessary and advisable to operate the Company and its property; (12) engage in any kind of activity and to perform and carry out contracts of any kind necessary to, or in connection with, or incidental to the accomplishment of the purposes of the Company, as may be lawfully carried on or performed by a limited liability company under the laws of each State in which the Company is then formed or qualified to do business.

  • Authority of Contractor The Contractor shall have no right or authority, express or implied, to commit or otherwise obligate the Company in any manner whatsoever except to the extent specifically provided herein or specifically authorized in writing by the Company.

  • Authority of Tenant If Tenant is a corporation or partnership, each individual executing this Lease on behalf of said corporation or partnership represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of said corporation or partnership, and that this Lease is binding upon said corporation or partnership.

  • Authority of Seller Seller has full corporate power and authority to enter into this Agreement and the Ancillary Documents to which Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Seller of this Agreement and any Ancillary Document to which Seller is a party, the performance by Seller of its obligations hereunder and thereunder and the consummation by Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Seller. This Agreement has been duly executed and delivered by Seller, and (assuming due authorization, execution and delivery by Buyer) this Agreement constitutes a legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms. When each Ancillary Document to which Seller is or will be a party has been duly executed and delivered by Seller (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Document will constitute a legal and binding obligation of Seller enforceable against it in accordance with its terms.