TENANT COMPENSATION definition
TENANT COMPENSATION. BROKER is given the authority to use LANDLORD'S funds to pay for up to 3 night's hotels for a TENANT and/or ▇▇▇▇▇ a TENANT'S rent for up to one week, without LANDLORD'S permission, if in the opinion of BROKER the TENANT has suffered an inconvenience or diminishment in value of the premises to due to some unforeseen problem. This is to help reduce the chance of litigation against the LANDLORD.
TENANT COMPENSATION. LANDLORD’S AGENT is given the authority to use LANDLORD’S funds to pay for up to 3 night’s hotel for a TENANT and/or ▇▇▇▇▇ a TENANT’S rent for up to one week, without LANDLORD’S permission, if in the opinion of LANDLORD’S AGENT the TENANT has suffered an inconvenience or diminishment in value of the premises to due to some unforeseen problem. This is to help reduce the chance of litigation against the LANDLORD. MANAGEMENT FEES AND OTHER FEES: LANDLORD’S AGENT shall be entitled to fees from all rent monies collected from the TENANT, or retained from the security deposit or last month’s rent, if owed by the TENANT upon vacating, and shall retain any charges deemed "additional rent" or fees in the lease agreement including but not limited to renewal fees and application fees. All Late charges or fees owed by any TENANT(S) shall be collected at the sole discretion of LANDLORD’S AGENT.
TENANT COMPENSATION. BROKER is given the authority to use LANDLORD’S funds to pay for up to 3 night’s hotel for a TENANT and/or ▇▇▇▇▇ a TENANT’S rent for up to one week, without LANDLORD’S permission, if in the opinion of BROKER the TENANT has suffered an inconvenience or diminishment in value of the premises to due to some unforeseen problem. This is to help reduce the chance of litigation against the LANDLORD. **REPAIR ACCOUNT: In order to maintain the Repair Account, LANDLORD will provide broker with $300 and if this account falls below this amount, broker may replenish it from the rents held or received. In the event repairs are made and funds are not sufficient, BROKER shall withhold the amount disbursed from the next ensuing rent payment or from any rents received but not yet forwarded to LANDLORD. BROKER will arrange for all repairs, inspections, maintenance and cleanings, unless ▇▇▇▇▇▇▇▇ has notified BROKER in writing prior to the commencement of repairs to use someone else that LANDLORD has selected, and LANDLORD makes arrangements with the third party directly. ▇▇▇▇▇▇▇▇ agrees that they shall pay third party directly and shall indemnify and hold BROKER harmless for payment of same or for said vendor’s failure to abide by state, local or federal law or in the event of pre-1978 properties, the failure of such vendor not to be certified under the Federal RRP Rules. At BROKER’S option, if there are not sufficient funds to make a repair, BROKER can require payment by LANDLORD prior to making the repairs and shall hold BROKER harmless for any delay or failure to make a repair if the funds are not available. MANAGEMENT FEES, OTHER FEES AND COMMISSIONS: BROKER shall be entitled to a commission from all rent monies collected from the TENANT, or retained from the security deposit or last month’s rent, if owed by the TENANT upon vacating, and shall retain any charges deemed “additional rent” or fees in the lease agreement including but not limited to renewal fees, month to month fees, application fees, nonrefundable pet fees minus any pet damages and late fees/charges. All late charges or fees owned by any TENANT(S) shall be collected at the sole discretion of the BROKER and BROKER shall retain any such charges, fees and late fees even though they may be defined as “additional rent” in the lease agreement which allows these sums to be placed on a Three Day Notice.
Examples of TENANT COMPENSATION in a sentence
TENANT COMPENSATION TO BROKER: Upon execution of this Agreement, Tenant agrees to pay compensation to Broker as specified in a separate written agreement between Tenant and Broker.
TENANT COMPENSATION: BROKER is given the authority to use LANDLORD’S funds to pay for up to 3 night’s hotel for a TENANT and/or ▇▇▇▇▇ a TENANT’S rent for up to one week, without LANDLORD’S permission, if in the opinion of BROKER the TENANT has suffered or will suffer an inconvenience or diminishment in value of the premises to due to some unforeseen problem including but not limited to tenting of the premises for termites.
More Definitions of TENANT COMPENSATION
TENANT COMPENSATION. BROKER is given the authority to use LANDLORDS funds to pay for up to 3 night’s hotel for a TENANT and/ or ▇▇▇▇▇ a TENANT’S rent for up to one week, without LANDLORDS permission, if in the opinion BROKER the TENANT has suffered or will suffer SMART LOCKS, ELECTRONIC LOCKS, SMART THERMOSTATS, CAMERAS OR OTHER WIFI, GSM OR OTHER ELECTRONIC DEVICES: LANDLORD agrees that unless otherwise agreed to in. writing by the BROKER, all smart devices /electronic devices including but not limited to smart thermostats, cameras, electronic locks, alarm systems, wfi be turned off, codes given to BROKER or removed from the premises by LANDLORD or BROKER. BROKER is not responsible for the storage or safekeeping of any of the removed items or return of the. removed items to the LANDLORD. ENVIRONMENTAL HAZARDS/MOLD/BEDBUGS: TENANT(S) are increasingly suing property OWNERS and BROKERS for environmental hazards including but not limited to mold, defective drywall, mildew, smoke odors, allergens and other hazards which may be present on the premises. OWNER affirms no such hazards are known by OWNER to be present on the premises at this time. OWNER agrees to indemnify BROKER in the event BROKER is sued by TENANT for any injuries suffered on the premises unless such injuries are due to BROKERS actions. In the event a TENANT complains of a pest issue, water quality issue, mold, bedbugs or any other environmental issue, LANDLORD agrees to pay for an inspection by a certified inspector to help defend LANDLORD and BROKER from claims made by the TENANT. Such inspection will not be performed unless the LANDLORD is notified first and authorizes the inspection.