RES 89483 - Laserfiche WebLink

(f) Develop and maintain a policy and procedure for the selection and rejection of applicants which shall be approved by the City ~nd CHFA; {g} Assure that tenant selection is carried out without favoritism or partiality and that no preference is given to any applicant other than as provided in this Agreement, the Management Plan, Ground Lease, Owner/Grantee Agreement, City Resolutions or required by Law; (h) Give each tenant selected, at the time of acceptance, a written copy of the approved tenant eviction procedures for the Development and all amendments thereto; and {i) Where necessary, conduct such additional marketing as reasonably required to fulfill affirmative marketing goals and meet other goals of the Management Plan. 10. Rentals. Agent will offer for rent and will rent the dwelling units in the Development. With respect thereto, the following will apply: (a) Agent will follow the tenant selection policy described in the Management Plan; {b) Agent will show the premises to prospective tenants; (c) Agent will take and process applications for rentals. If an application is rejected, the applicant will be told the reason for the rejection. The rejected application and the reason for rejection shall be kept on file for three {3) years. A current list of prospective tenants will be maintained; (d) Agent will prepare all tenant leases and will execute the same in its name, identified thereon as Agent for the Owner. The terms of the leases will comply with the pertinent provisions of the Regulatory Agreement, the HDG Covenants, the HDG Owner/Grantee Agreement and the deeds of trust, and shall be approved by the City and CHFA; (el .Owner will furnish Agent with rent and income schedules. In no event shall such rents or other charges specified in Owner's schedules be exceeded. The Owner shall be responsible for obtaining the City's and CHFA's approval prior to establishing any rent schedules in accordance with the Ground Lease, the HDG Owner/Grantee Agreement and Regulatory Agreement; {f) Agent will counsel all prospective tenants regarding eligibility and will prepare and verify eligibility certifications and recertifications in accordance with the Management Plan, the Regulatory Agreement, HDG Covenants and HDG Owner/Grantee Agreement; and (g) Agent will collect, deposit and disburse security deposits in accordance with the tenant's lease and State law. 11. Collection of Rents and Other Receipts. Agent shall collect when due all rents, charges and other amounts receivable in connection with the management and operation of the Development. Such receipts shall be deposited in the Development Operating Account by Agent as trustee. 19:MGMTAGR.EHI (10/27/89) 5