Common use of Rent Collection Clause in Contracts

Rent Collection. Manager shall collect the Rental Receipts from Property tenants and the applicable security and other deposits from Property tenants and deposit the same in the applicable accounts as set forth herein. If and to the extent Manager determines that it is necessary and advisable to engage a Vendor to provide rent collection services for past due rents, Manager may engage such Vendor in Manager’s name only with express written consent from Company, provided, that Manager shall upon request provide Company with collection reports detailing rents collected and shall, to the extent that this Agreement expires or is earlier terminated, cooperate with Company to transfer all documentation related to the collection services provided by Vendor to Company for Owner’s records.