Tennessee Appointment of Agent to Receive Rentals by Lessor

• Category: Oil Gas and Minerals - Agent Designations
• State: Multi-State
• Control #: US-OG-190
• Format: Word; Rich Text

Description

This form is used by the Lessor to appoint an Agent, as Lessor's Agent and Attorney in Fact to receive, collect, issue receipts for, and execute division orders for all payments of rentals which may be paid to Lessor under the terms of an Oil and Gas Lease.

Tennessee Appointment of Agent to Receive Rentals by Lessor is a legal document used in the state of Tennessee to designate an agent who will handle the collection of rental payments on behalf of the lessor. This document is commonly used by landlords or property owners who may not be able to personally manage the rental collection process. The Appointment of Agent to Receive Rentals by Lessor form essentially allows the lessor to appoint an authorized representative, typically a property management company or individual, to act as their agent for receiving rental payments from tenants. This appointee will be responsible for ensuring timely collection of rent, issuing receipts, and potentially handling any disputes related to rental payments. This document is essential for busy landlords or property owners who may reside out of state or have multiple rental properties to manage. By appointing an agent, they can effectively delegate the task of rent collection and eliminate the need for personal involvement in the day-to-day operations of the rental property. The Appointment of Agent to Receive Rentals by Lessor form must clearly state the legal name of the lessor, the appointed agent's name, and contact information. It should also include relevant details such as property addresses, lease terms, and rental payment due dates. Different types of Tennessee Appointment of Agent to Receive Rentals by Lessor may include variations based on different landlords' specific needs or circumstances. For instance, there could be forms designed for individual landlords appointing a property management company as their agent, while other forms may cater to landlords appointing an individual as their agent. It is important to note that the Appointment of Agent to Receive Rentals by Lessor form must comply with Tennessee state laws and regulations. Moreover, it is recommended to consult a legal professional or review the specific requirements outlined by the Tennessee Department of Commerce and Insurance before drafting or using this document.