Leasing Services. Promptly following notice of any impending vacancy, Glenborough shall use diligent efforts to secure a replacement tenant on a commercially reasonable and competitive basis. Glenborough may, at its discretion, secure the services of one or more third party leasing agents to act on behalf of Rancon, and shall make every reasonable effort to procure and keep desirable tenants for the Property, at the expense of Rancon. All leases shall be prepared in the name of Rancon and shall be executed by Glenborough as attorney in fact for Rancon.
Appears in 4 contracts
Samples: Management and Services Agreement, Management and Services Agreement (Rancon Realty Fund V), Management and Services Agreement (Rancon Realty Fund Iv)
