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Far option clauses Form: What You Should Know

See聽Section 5. C.1) and the options clauses (e.g.,聽Section 5. C.3, 5. C.12) to ensure that the contract is revised under appropriate circumstances. In the case where no other alternative exists, a decision by the Contracting Officer is required to modify the contract. See聽Section 5. C.12 and聽搂 50.3(e)(1), (2)(i), (3), (4)(a)聽(i),聽(iii)聽(iv). The contract is automatically modified. If the contracting officer determines that an alternative to the changes' clause is available, the contracting officer should consult with the Contracting Officer's Supervisor (or designee) and the Contractor's Chief of the Office of the General Counsel to determine if and how this alternative should be incorporated. Upon consulting with the Contracting Officer's Supervisors or Designee, this alternative may be incorporated into the contract. Alternatively, the contracting officer may modify the contract in accordance with the requirements in this document. (See,聽Section 5. C.5, Section 5. C.6, and Section 5. C.8) When modifying an approved technical base contract (and all of its sub-contracts and subcontracts), the contracting officer must obtain the written approval for the modification in the聽DAU. In determining the contracting officer's authority to make a unilateral modification to a technical base contract, the following factors should be considered: 路 The nature of the alteration being considered. 路 路 The cost to contractually make such an alteration. 路 路 The financial impact to taxpayers of incorporating the modification. 51.204-5 鈥 Modification by Contractor's Chief of the Office of the General Counsel 鈥 Approval Required for a Modification to a Specified Technical Base Contract. Section 5. C.5, 5C.6, 5C.8, and 48 CFR 51.204-5 through聽 51.204-7聽鈥 Specification Change 鈥 Modification of Contract a)聽The sole modification to the contract may be by contracting official or, depending upon which of the sections have been deleted in 50.3(e), as the only alternative. Section 48 CFR 51.204-10 (g) and聽 51.

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Video instructions and help with filling out and completing Far option clauses

Instructions and Help about Far option clauses

P>Welcome and thank you for visiting Hollywood Homes. This is our contract to lease video training module. If you have any questions about this, my name is Ben Garcia. I am the broker of Hollywood Homes. You can contact us at 954-924-5454. We are going to run through a standard contract release, which is the offer you're going to make between the tenant and the prospective landlord on a property. The first line you're going to see here is "Prospective Tenant". So, we're going to put in that person's name. Okay, normally we are representing the tenant when we are making a contract release. If you're representing the landlord, you will be getting one of these. So either way, you need to understand what is here. The second line, you do not have to fill it out if you're making a contract to lease on behalf of your tenant. You can leave this blank or you can put "Owner of Record". Do not take too much time trying to find out the information on the prospective landlord. It could be wrong, it could have changed hands, tax rolls might not be updated, etc. "Proposed Rental Property - 123 Main Street" is the address of the property that's going to be located in Hollywood, Florida. Okay, pretty simple basic information. "Broker Line One - Are we the cooperating or listing broker?". We are the cooperating broker in this instance. We are writing an offer for this transaction for Jane Smith, who is the tenant. That makes us the cooperating broker. If we were receiving it, we'd be the listing broker. We are not the listing broker in this instance, we're the cooperating broker. "Deposit Receipt" - very important. This is not the security deposit, it's not first, last, and security. This...