Common use of AUTHORITY AND POWERS Clause in Contracts

AUTHORITY AND POWERS. Owner grants Broker the authority and power, at Owner's expense, to: ADVERTISING: Display FOR RENT/LEASE and similar signs on the Property and advertise the availability of the Property, or any part thereof, for rental or lease. RENTAL; LEASING: Initiate, sign, renew, modify or cancel rental agreements and leases for the Property, or any part thereof; collect and give receipts for rents, other fees, charges and security deposits. Any lease or rental agreement executed by Broker for Owner shall not exceed year(s) or shall be month-to-month. Unless Owner authorizes a lower amount, rent shall be: at market rate; OR a minimum of $ per ; OR see attachment.

Appears in 12 contracts

Samples: Property Management Agreement, Property Management Agreement, P Roperty Management Agreement

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