Duties of Agent
In managing the above-mentioned property, Agent shall have the following duties and responsibilities:
a.) Tenant Placement. Agent will perform, credit check, eviction check, and previous rental and employment verification.
b.) Collection of Revenue. Agent shall collect and enforce the collection of all rental payments and other related charges due Owner from the tenant(s) of the property.
c.) Inspection and Repairs. Agent shall do everything reasonably necessary for proper maintenance of the property. Such duty includes, without limitation, making or arranging for periodic inspections, and arranging for all required maintenance and repairs. Under Agents discretion Coastal Breeze Properties will perform minor repairs. Agent shall also be responsible for such improvements, alterations, and repairs as may be required by Owner. No maintenance, repairs or other work costing more than $200.00 shall be performed by Agent without the prior authorization of Owner. In case of an emergency that requires immediate repairs, Agent shall use his/her own discretion if Owner is not readily available for consultation.
d.) Negotiation of Lease. Agent shall have the authority to negotiate, renew and terminate the leases with existing and prospective tenants. There will be a $200.00 renewal fee during this agreement. If during the tenant’s occupancy, and for 365 days thereafter, the tenant or any related parties purchase the property, Owner will pay a professional fee to Broker of 3% of the purchase price.
e.) Employees. Agent shall have the authority to hire, supervise, and terminate on behalf of Owner all independent contractors, if any, reasonably required in the management of the property. All such independent contractors are the employees of the Owner and not employees of the Agent.
f.) Tenants. Agent shall handle tenant requests and negotiations that may arise during this agreement.
g.) Legal Assistance. Inasmuch as Agent is not authorized to practice law, where legal assistance is needed for such matters as enforcing the collection of rent or eviction of a tenant, such action shall be through counsel designated and approved by Owner. The expense from such counsel shall be borne by Owner.
h.) Records. Agent shall maintain accurate records of all moneys received and disbursed in connection with the management of the property.
i.) Payment to Owner. After agent deducts all authorized expenses and reserves relating to the operation and management of the property from funds collected from the account of Owner, Agent shall disburse the net amount of such funds as designated by Owner in writing. Owner agrees that Coastal Breeze Properties will hold advance rents and security deposits in accordance with Florida Law.
166 YAMATO ROAD, #3, BOCA RATON FL 33431 O/561-241-9480 E-MAIL KIKI@COASTALBREEZEONLINE.COM