Common use of AUTHORIZED EXPENDITURES Clause in Contracts

AUTHORIZED EXPENDITURES. Owner hereby authorizes Broker to accrue and make disbursements from Owners’ Funds for, and to undertake at Owners expense the following: Cleaning of unit between tenants including minor repairs, window washings, carpet cleaning, extermination, and other customary services to maintain normal standards, where not charged to tenants security deposit. Making replacements and repairs, if Broker deems necessary, or advisable, provided that any single expenditure in excess of ($ ) shall not be incurred without Owners consent - except for emergency items. Broker may make, contract, and/or supervise all contractors and/or employees required for the operation and maintenance of the property; it being agreed that any employees hired shall be employees of the Owner and not the Broker and that Broker may perform any it its duties through Owners attorneys, agents, or employees and shall not be responsible for their acts, defaults or negligence if reasonable care have been exercised in their appointment and retention.

Appears in 1 contract

Sources: Property Management Agreement

AUTHORIZED EXPENDITURES. Owner hereby authorizes Broker to accrue and make disbursements from Owners’ Funds for, and to undertake at Owners expense the following: Cleaning of unit between tenants including minor repairs, window washings, carpet cleaning, extermination, and other customary services to maintain normal standards, where not charged to tenants tenant’s security deposit. Making replacements and repairs, if Broker deems necessary, or advisable, provided that any single expenditure in excess of Five Hundred Dollars ($ $500.00) shall not be incurred without Owners consent - except for emergency items. Broker may make, contract, and/or supervise all contractors and/or employees required for the operation and maintenance of the property; it being agreed that any employees hired shall be employees of the Owner and not the Broker and that Broker may perform any it its duties through Owners attorneys, agents, or employees and shall not be responsible for their acts, defaults or negligence if reasonable care have been exercised in their appointment and retention.

Appears in 1 contract

Sources: Property Management Agreement

AUTHORIZED EXPENDITURES. Owner hereby authorizes Broker to accrue and make disbursements from Owners’ Funds for, and to undertake at Owners expense the following: Cleaning of unit between tenants including minor repairs, window washings, carpet cleaning, extermination, and other customary services to maintain normal standards, where not charged to tenants security deposit. Making replacements and repairs, if Broker deems necessary, or advisable, provided that any single expenditure in excess of Two Hundred and Fifty Dollars ($ $250.00) shall not be incurred without Owners consent - except for emergency items. Broker may make, contract, and/or supervise all contractors and/or employees required for the operation and maintenance of the property; it being agreed that any employees hired shall be employees of the Owner and not the Broker and that Broker may perform any it its duties through Owners attorneys, agents, or employees and shall not be responsible for their acts, defaults or negligence if reasonable care have been exercised in their appointment and retention.

Appears in 1 contract

Sources: Property Management Agreement

AUTHORIZED EXPENDITURES. Owner hereby authorizes Broker to accrue and make disbursements from Owners’ Funds for, and to undertake at Owners expense the following: Cleaning of unit between tenants including minor repairs, window washings, carpet cleaning, extermination, and other customary services to maintain normal standards, where not charged to tenants tenant’s security deposit. Making replacements and repairs, if Broker deems necessary, or advisable, provided that any single expenditure in excess of Five Hundred ($ $500.00) shall not be incurred without Owners consent - except for emergency itemsitems or repairs deemed necessary by the property manager. Broker may make, contract, and/or supervise all contractors and/or employees required for the operation and maintenance of the property; it being agreed that any employees hired shall be employees of the Owner and not the Broker and that Broker may perform any it its duties through Owners attorneys, agents, or employees and shall not be responsible for their acts, defaults or negligence if reasonable care have been exercised in their appointment and retention.

Appears in 1 contract

Sources: Property Management Agreement