Real Estate Letting Authority

REAL ESTATE LETTING AUTHORITY

Parties and Date

This Real Estate Letting Authority ("Authority") is made and entered into on this date: between Owner Name: with Contact Address:

and Letting Agent / Agency Name: with Contact Address:

Property Identification

Scope of Authority

Owner hereby appoints and authorizes the Letting Agent, during the term of this Authority, to act as Owner's agent for the purpose of letting, leasing and managing the Property on Owner's behalf. The Agent is granted the express powers set forth below. The Agent's exercise of authority must at all times comply with applicable law and the fiduciary obligations owed to Owner.

Advertise and market the Property, including photography and placement of signage.
Show the Property to prospective tenants and arrange viewings.
Screen applicants, obtain references and credit/background checks, and approve or reject applicants subject to Owner approval threshold below.
Execute residential leases and tenancy agreements on behalf of Owner as a limited agent where permitted by law.
Collect holding deposits, security deposits and rent, and hold such funds in Agent trust account in accordance with applicable law.
Authorize repairs, maintenance and emergency work up to authorized amount: $
Set advertised rent and recommend lease terms within minimum rent set by Owner: $
Negotiate and execute lease renewals consistent with the Owner's instructions.

Financial Terms and Fees

Tenant Selection and Lease Execution

Agent will apply reasonable, non-discriminatory screening standards and comply with fair housing and other applicable law. Owner approval is required for applicant profiles that exceed the following thresholds (e.g., credit score, previous evictions):

Property Condition, Repairs and Inventories

Agent will prepare and maintain an entry/exit inventory and condition report. Routine maintenance shall be charged to Owner; emergency repairs will be undertaken by Agent as necessary to protect health and safety and to prevent material damage to the Property, subject to repair_authorization_amount unless Owner gives prior approval.

Disclosures

Owner represents and warrants the following known conditions as of the date of this Authority:

Lead-based paint present: Yes No

Mold, water intrusion, or prior structural damage: Yes No

Other material defects or prior insurance claims: Yes No

Insurance, Indemnity and Liability

Owner shall maintain property and liability insurance covering the Property and shall list the Agent as additionally insured or notify Agent of insurance arrangements as required by applicable law. Owner indemnifies and holds Agent harmless from liabilities arising from Owner's failure to disclose material facts or to maintain required insurance, except to the extent caused by Agent's gross negligence or willful misconduct.

Term and Termination

This Authority commences on the date first written above and continues until terminated by either party upon written notice of days, subject to obligations to tenants and obligations to pay commissions or fees for transactions entered into prior to termination.

Default and Remedies

Breach of this Authority by either party entitles the non-breaching party to pursue available remedies at law or in equity, including recovery of damages, fees and costs where provided by statute or contract. Owner acknowledges that Agent's remedies may include retaining earned commissions and recovery of out-of-pocket expenses.

Governing Law and Entire Agreement

This Authority shall be governed by and construed in accordance with the laws of the state where the Property is located. This document constitutes the entire agreement between the parties pertaining to the subject matter and supersedes all prior agreements and understandings. Amendments must be in writing and signed by both parties.

Additional Provisions

Sign Now