Owner Authorization Agreement

OWNER AUTHORIZATION AGREEMENT

This Owner Authorization Agreement ("Agreement") is made and entered into as of by and between: Owner Name: , Owner Address: (hereinafter "Owner"), and Authorized Agent Name: , Authorized Agent Address: (hereinafter "Agent").

RECITALS

WHEREAS, Owner is the legal owner of certain real and/or personal property described below and desires to engage Agent to perform specified actions with respect to such property; and

WHEREAS, Agent has represented that Agent possesses the experience, authority, and capacity to undertake the actions set forth in this Agreement and is willing to act on Owner's behalf in accordance with the terms and conditions contained herein; and

WHEREAS, Owner desires to grant Agent limited authority to act for and on behalf of Owner with respect to the matters described in this Agreement.

NOW, THEREFORE

In consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. AUTHORIZATION

Owner hereby appoints Agent as Owner's true and lawful agent and attorney-in-fact, for the limited purposes set forth in this Agreement, with authority to act in Owner's name, place and stead to the extent necessary to carry out the powers granted herein. Agent's authority shall be non-exclusive except where expressly stated otherwise.

2. DESCRIPTION OF AUTHORIZED PROPERTY

The authorization granted by Owner to Agent pertains to the following property, assets or accounts (collectively, the "Property"):

3. SCOPE OF AUTHORITY

Agent is authorized to perform the following acts on Owner's behalf (check applicable powers and specify limits where indicated):

Manage, lease, repair, and operate the Property including entering into and terminating leases;
Collect rents, security deposits and other proceeds from the Property;
Execute, deliver and record instruments, contracts, affidavits, disclosures, and other documents necessary or appropriate to effectuate transactions concerning the Property;
Receive and disburse funds related to the Property and endorse checks and instruments payable to Owner;
Initiate or consent to transfers of title to the extent expressly authorized in writing by Owner.

4. TERM AND TERMINATION

This Agreement shall commence on and shall terminate on unless earlier revoked in writing by Owner or terminated in accordance with this Agreement.

Owner may revoke this authorization by delivering written notice to Agent pursuant to the Notices provision below. Revocation will be effective as of the date specified in Owner's written notice, provided that Agent shall have a reasonable opportunity to act on pending matters.

5. REPRESENTATIONS, WARRANTIES AND COVENANTS

Owner represents and warrants that Owner is the lawful owner of the Property described above, that Owner has full power and authority to execute and deliver this Agreement and to grant the rights and powers herein, and that the execution and performance of this Agreement will not violate any contract, law, judgment or agreement to which Owner is subject.

Agent represents and warrants that Agent will act in good faith, in a commercially reasonable manner, and in the best interests of Owner consistent with the scope of authority granted herein.

6. INDEMNIFICATION

Owner shall indemnify and hold harmless Agent and Agent's officers, directors, agents and employees from and against all claims, losses, liabilities and expenses (including reasonable attorneys' fees) arising from acts taken by Agent in good faith pursuant to this Agreement, except to the extent such claims result from Agent's gross negligence, willful misconduct or material breach of this Agreement.

7. LIMITATION OF LIABILITY

Except for liability arising from gross negligence, willful misconduct or breach of fiduciary duty, Agent's liability under this Agreement shall be limited to direct damages and shall not include consequential, special or punitive damages.

8. NOTICES

All notices, demands or other communications required or permitted under this Agreement shall be in writing and shall be deemed given when delivered personally or three (3) business days after deposit in the United States mail, postage prepaid, certified or registered, or when sent by nationally recognized overnight courier, addressed as follows (or to such other address as either party may designate by written notice).

9. AMENDMENTS AND WAIVER

No modification, amendment or waiver of any provision of this Agreement shall be effective unless made in writing and signed by both parties. The failure of either party to insist upon strict performance of any provision shall not be construed as a waiver of any subsequent default.

10. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the state specified below, without regard to its conflicts of law principles.

11. ENTIRE AGREEMENT; SEVERABILITY

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

12. COUNTERPARTS

This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. Signatures delivered by facsimile, electronic image or other electronic means shall be deemed original signatures for all purposes.

13. MISCELLANEOUS

The headings used in this Agreement are for convenience of reference only and shall not affect the interpretation of this Agreement. The obligations and rights set forth in this Agreement shall bind and inure to the benefit of the parties and their respective heirs, successors and permitted assigns.

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