Common use of Leasing and Renting Clause in Contracts

Leasing and Renting. AGENT shall use all reasonable eKort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare, and execute all leases, including renewals and extensions of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. 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. AGENT and OWNER 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. OWNER and AGENT agree to follow all Federal and Local Fair 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. AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER for the purpose of evicting tenants in default and to recover possession of the PREMISES, to recover unpaid rents and other sums due from any tenant to settle, compromise and release claims by or against any tenant, and to employ attorneys for payment of rent more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the property. AGENT assumes no responsibility or management of personal property left by OWNER at PREMISES.

Leasing and Renting. 5.1 AGENT shall use all reasonable eKort effort to keep the PREMISES rented by procuring tenants for the PREMISES. AGENT is authorized to negotiate, prepare, prepare and execute all leases, including renewals and extensions of leases and to cancel and modify existing leases, utilizing AGENT forms and agreements exclusively. . 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 and OWNER 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. PREMISES. 5.4 OWNER and AGENT agree to follow all Federal and Local Fair 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 Five Hundred ($500500.00) Dollars, whichever is greater, will be due immediately. . 5.5 AGENT shall have authority on behalf of the OWNER to terminate any lease or rental agreements covering the PREMISES that are in default, to execute and serve such legal or other notices as AGENT deems appropriate, to institute legal actions for the benefit of, and the expense of, OWNER for the purpose of evicting tenants in default and to recover possession of the PREMISES, to recover unpaid rents and other sums due from any tenant to settle, compromise and release claims by or against any tenant, and to employ attorneys for payment of rent more than five days in arrears. OWNER agrees that AGENT is not responsible for the collection of delinquent accounts. Delinquent accounts will be submitted to a professional collection company for collection on behalf of AGENT. AGENT assumes no liability for monies that are uncollectible or for any damages or costs related to the tenancy and the propertyPREMISES. AGENT shall retain all 5.6 OWNER will automatically be enrolled in our eviction protection program for a monthly fee of $5 per unit to be taken out annually or monthly as program permits. Eviction protection guarantees that in the case of an eviction for non-payment of rent, Next Step Realty Management will pay the entire attorney fee bill up to $800 for the writ of restitution only. This does not include sheriff fees, counter claims or jury trials. OWNER has the option to decline the eviction protection program in writing and providing written statement to the management company below. All other legal fees outlined in this AGREEMENT are in affect and applicable. 5.7 AGENT assumes no responsibility or management of personal property left by OWNER at PREMISES.