Budget Approval Process. Property Manager shall submit by September 1st of each year during the term hereof (or such other date as Owner may request) a proposed detailed, written estimate or projection of all receipts and expenditures for the operation of the Property during the next Fiscal Year, including, without limitation, all estimated Initials: PM /s/ RY Owner
Appears in 1 contract
Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.)
Budget Approval Process. Property Manager shall submit by September 1st of each year during the term hereof (or such other date as Owner may request) a proposed detailed, written estimate or projection of all receipts and expenditures for the operation of the Property during the next Fiscal Year, including, without limitation, all estimated Initials: PM /s/ RY Ownerrentals (including fixed, percentage and escalation rents) and all estimated repairs, maintenance and capital projects (“Budget”) for the ensuing Fiscal Year. Property Manager shall submit the
Appears in 1 contract
Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.)
Budget Approval Process. Property Manager shall submit by September 1st of each year during the term hereof (or such other date as Owner may request) a proposed detailed, written estimate or projection of all receipts and expenditures for the operation of the Property during the next Fiscal Year, including, without limitation, all estimated Initials: PM /s/ RY Ownerestimated
Appears in 1 contract
Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.)
Budget Approval Process. Property Manager shall submit by September 1st of each year during the term hereof (or such other date as Owner may request) a proposed detailed, written estimate or projection of all receipts and expenditures for the operation of the Property during the next Fiscal Year, including, without limitation, all estimated Initials: PM /s/ RY Owner
Appears in 1 contract
Samples: Property Management Agreement (Dividend Capital Total Realty Trust Inc.)