Rental Agent Clause Samples
The Rental Agent clause defines the role and responsibilities of the individual or company appointed to manage the rental property on behalf of the owner. Typically, this clause outlines the agent's authority to find tenants, collect rent, handle maintenance issues, and act as the owner's representative in dealings with tenants. By clearly specifying the agent's duties and powers, the clause ensures smooth property management and helps prevent misunderstandings between the owner, agent, and tenants.
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Rental Agent. Owner appoints the Association as sole rental agent for the Premises. (See section on joint responsibilities concerning Owner usage, complimentary usage, and Owner- generated rentals).
Rental Agent. If the "rental car" is rented from another company on behalf of the Company (such a company to be hereinafter referred to as "rental agent"), the words "the Company"
Rental Agent. Act as the rental agent of the Owner for the purposes of renting or leasing premises on the Property to tenants, and in that connection the Manager will
Rental Agent. In consideration of Rental Agent's services in procuring this lease and as a covenant running with the land, Landlord covenants with, and for the benefit of Rental Agent, as follows: Rental Agent is to receive a commission of six per cent (6%) of the rent during the original term and all renewals or extensions thereof or any new lease of the Leased Premises between any person and "Tenant, its successors or assigns"(such phrase used herein to include such entity in which Tenant, its successors or assigns, may have an interest a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release including a sale or conveyance to Tenant, its successors or assigns, shall affect Rental Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any Rental Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by Rental Agent before remitting the rent (less commissions) to Landlord; but if any act be done to deprive Rental Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at Rental Agent's option, immediately become due and payable. Landlord further covenants with and for the benefit of Rental Agent as a covenant running with the land, that if Tenant, its successors or assigns, shall at any time during the original term and all renewals or extensions thereof, (during any new lease of the Leased Premises between any person and Tenant, its successors or assigns,) purchase the Leased Premises, then in consideration of Rental Agent's consummating this lease, Rental Agent shall receive on the date the Leased Premises are transferred, a commissions of six percent (6%) of the gross amount of the purchase price. Such a sales commission shall be in addition to the rental commissions provided for in the immediately preceeding paragraph and is hereby made a lien on the Leased Premises and all equipment thereon, if any. Landlord hereby authorizes Rental Agent to institute legal proceedings for the recovery of any rent due under the provisions of this lease agreement and to employ an attorney for that purpose and to charge all costs and fees to Landlord, including a charge of Twenty-Five Dollars ($25.00) by Rental Agent for its services in that regard. In connection with all acts done or suffered by Rental Agent for Landlord concerning ...