Common use of Lease Property Clause in Contracts

Lease Property. Based on results of qualifying the Tenant, Altisource will accept or deny Tenant’s application for housing, consistent with local, state and federal regulations; provide appropriate lease documents and addenda; negotiate on behalf of Residential as to required rent amount, acceptance of pets or any other conditions as may exist; execute the lease with Tenant; and collect security deposit and first month’s rent. Altisource will also negotiate with Tenant to renew Tenant’s lease for an additional term.