Common use of Tenant’s Agent Clause in Contracts

Tenant’s Agent. An agent can agree to act as agent for the Tenant only. In these situations, the agent is not the Landlord’s agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Landlord. An agent action only for a Tenant has the following affirmative obligations. To the Tenant: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Tenant. To the Tenant and Landlord: a. Diligent exercise of reasonable skills and care in performance of the agent’s duties. b. A duty of honest and fair dealing and good faith. c. A duty to disclose all facts known to the agent materially affecting the value of desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above.

Tenant’s Agent. An agent can agree to act as agent for the Tenant only. In these situations, the agent is not the Landlord’s 's agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Landlord. An agent action acting only for a Tenant has the following affirmative obligations. To the Tenant: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Tenant. To the Tenant and the Landlord: a. (a) Diligent exercise of reasonable skills and care in performance of the agent’s 's duties. b. . (b) A duty of honest and fair dealing and good faith. c. . (c) A duty to disclose all facts known to the agent materially affecting the value of or desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above.