The scope of management and the Managing Agent’s particular responsibilities in respect of each of the foregoing functions as contained in Clause 3 to 7 of this Agreement, and the Managing Agent shall for such purpose have authority where it considers appropriate to enter into contracts and agreements for and on behalf of and in the name of the Principal. This is to be done only with the prior approval and agreement of the Principal. Notwithstanding anything to the contrary hereinafter set forth, nothing contained in this Agreement shall be construed as requiring the Managing Agent to enforce compliance by co-owners, residents or tenants in the Property with present or future rules and regulations of the Property, whether imposed by statute, by contract or otherwise.