Common use of Authority and Duty to Enforce Leases Clause in Contracts

Authority and Duty to Enforce Leases. 2.03. Property Manager is authorized to serve notices to vacate on tenants and to institute any action or proceeding it deems necessary to: recover possession of leased premises; or to recover rent, charges, or other sums payable to Owner. Property Manager may compromise and settle or otherwise discontinue any such action or proceeding. In exercising the authority granted by this Paragraph, Property Manager may incur collection fees, costs, and legal fees, and any such fees or costs shall be considered operating expenses of the Premises.

Authority and Duty to Enforce Leases. 2.03. Property Manager is authorized to serve notices to vacate on tenants and to institute any action or proceeding it deems necessary to: to recover possession of leased premises; the Property, or to recover rent, charges, or other sums payable to Owner. Property Manager may compromise and settle or otherwise discontinue any such action or proceedingproceeding at Manager’s discretion. In exercising the authority granted by this Paragraph, Property Manager may incur any collection fees, costs, and legal fees, and any such fees incurred by Manager or costs shall Owner will be considered operating expenses of the PremisesProperty.