Rental Activity Sample Clauses

Rental Activity. We will pay all sums which you become legally liable to pay as compensatory damages because of unintentional bodily injury or property damage, as well as resultant loss of use, arising out of: a) The rental of all or part of your dwelling to others for not more than 30 days per year, whether consecutive or not. b) The rental of not more than three parking spaces located on the premises. c) The rental of a dwelling building, if the building is described on the Coverage Summary Screen and we have been notified of the rental. d) The rental of rooms in your dwelling, if mentioned on the Coverage Summary Screen.

Rental Activity. The MANAGER agrees to perform the following services in the name of and on behalf of the OWNER and the OWNER authorizes MANAGER to perform said services for the compensation described herein: (a) To investigate backgrounds of prospective or actual tenants including credit, criminal, residency and employment at the tenant’s expense. OWNER expressly authorizes MANAGER to execute leases, renewals, extensions and addendums pertaining to the PROPERTY on OWNER’S behalf. MANAGER utilizes a form lease that has been prepared for MANAGER’S use by an attorney. (b) MANAGER shall on behalf of the OWNER collect rents, deposits, funds, fees and charges due or which may become due and to deposit collections in account designated by OWNER or as mutually agreed by MANAGER and OWNER. (c) To recommend monthly rental rates for every unit contained within the PROPERTY. (d) To allow MANAGER to terminate tenancies and sign and serve notices MANAGER deems necessary; to sue at OWNER’S expense for the recovery of rent and other proper monetary damages; to instigate eviction procedures; and when expedient, to settle, compromise and release such actions or suits, or reinstate such tenancies. MANAGER shall provide reasonable prior notice to OWNER of such actions and shall not institute such actions without the written consent of OWNER. OWNER will pay expenses of litigation including MANAGER’S expenses, attorney's fees, and court costs which MANAGER does not recover from tenants. MANAGER may select the attorney to handle such litigation. (e) To send in arrears, on or about the 15th of each month, a monthly statement of receipts, disbursements and charges, and to remit the net proceeds over and above a balance of (f) MANAGER may collect tenant service fees, or service fees for subleasing or re-leasing, without account to the OWNER. Such fees belong to the MANAGER and may not be accounted for on the OWNER’S statement. MANAGER shall not be liable for uncollected rents and does not guarantee rents. (g) Lease Termination fees collected in connection with early lease termination shall belong to the OWNER. (h) MANAGER abides by all national and local laws concerning discrimination and negotiates leases without regard to race, creed, age, sex, national origin, sexual identification, physical disability or religion and any other protected class not specifically referenced.