Leasing and Renting. 5-1 AGENT shall use all reasonable efforts to keep the PREMISES rented by procuring tenants for the PREMISES and will keep, as rental fee, one half the first months rent. 5-2 During the term of this AGREEMENT, OWNER shall not authorize any other person, to negotiate or act as rental agent with respect to any leases for the PREMISES. 5-3 AGENT will make all decisions as to the rental amount. OWNER understands that the AGENT determines rental amounts in a competitive manner and consistent with other similar properties managed by AGENT or in the vicinity of the OWNER’S property. 5-4 OWNER and AGENT agree to follow all Federal and Local Housing Laws. If OWNER should at any time request AGENT to disregard Fair Housing laws and/or Landlord/Tenant Laws, this contract will be terminated immediately and the management fees for the balance of this contract or $500, whichever is greater, will be due immediately.
Appears in 2 contracts
Sources: Property Management Agreement, Property Management Agreement