Common use of Rent Collection Clause in Contracts

Rent Collection. Manager shall use diligent efforts to collect all rents, deposits, fees and other sums payable with respect to the Property. Manager shall not commingle any of the receipts or revenues from the Property with Manager’s own funds or funds from any property not subject to this Agreement. Manager shall collect and identify any income due Owner from miscellaneous services provided to tenants or the public including, but not limited to, parking income, tenant storage, and coin operated machines of all types. All monies so collected shall be deposited as provided in Paragraph 7.

Appears in 3 contracts

Sources: Lease Agreement, Property Management and Leasing Agreement, Property Management and Leasing Agreement (CNL Healthcare Properties, Inc.)