Rent Collection. Subject to the Loan Compliance Requirements and any "Cash Management System" (as hereinafter defined), Manager shall use diligent efforts to collect for the account of Owner all rents and other charges which may become due at any time from any tenant or from others for services provided in connection with or for the use of the Project or any portion thereof, and as directed by Owner, shall institute collection and legal proceedings in the name of Owner for the collection thereof and for the dispossession of tenants and other persons from the Project. All attorneys' fees (including charges and disbursements incurred by counsel) and other third party out-of-pocket costs incurred in connection with such proceedings shall be borne by Owner. 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. Notwithstanding the foregoing, Manager shall collect rents and deposit same or cause rents to be collected and deposited in the manner required by the Loan Compliance Requirements.
Rent Collection. To collect rents due or to become due; to serve in the name of the Owner such notices as are deemed necessary by Manager to institute and prosecute actions, to evict tenants and to recover possession of said premises; from time to time to make rules and regulations pertaining to tenants and to enforce the same and all other lease provisions; to advise Owner of tenant complaints and steps taken to remedy the same; to sxx and recover rents and other sums due; and, when expedient, to settle, compromise and release such actions or suits or reinstate such tenancies.
Rent Collection a. Collect and deposit rents daily.
Rent Collection. If this Lease is assigned or if the Premises or any part thereof is sublet or occupied by a person or entity other than Tenant, Landlord may, after default by Tenant, collect Rent from the assignee, subtenant or occupant and apply the net amount collected to the Rent herein reserved, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of any of Tenant's covenants contained in this Lease or the acceptance by Landlord of the assignee, subtenant or occupant as Tenant, or a release of Tenant from further performance by Tenant of the covenants of Tenant herein contained.
Rent Collection. BEVEN & XXXXX IS OPEN EVERY DAY. ALL RENTS ARE DUE-IN- FULL on the 1st CALENDAR DAY of each month, and are considered LATE IF NOT RECEIVED BY THE 1st. However, for your convenience we observe a grace period until 5:00 p.m. on the 3rd CALENDAR DAY of the month. A SERVICE CHARGE of $38.00 is charged for the special handling and additional notices involved with rents RECEIVED after 5:00 p.m. on the 3rd of the month. No post dated checks. For your safety and ours, please do not attempt to pay rent in cash. Your ACCOUNT NUMBER (stated above) must appear on ALL payments. ALL RETURNED CHECKS will be treated as LATE PAYMENTS subject to the $38.00 SERVICE CHARGE PLUS A $20.00 BANKING CHARGE ($58.00 total). If a check is returned to this office for INSUFFICIENT FUNDS, we may no longer accept your personal checks. If any legal action is brought by either party to enforce any part of this lease, the prevailing party shall recover in addition to all other relief, reasonable attorney fees (not to exceed $850) and costs. Lessor reserves the right to initiate dispossession proceedings by service of a 3-DAY NOTICE on the 2nd calendar day of any month for non-payment of rent. Payments received will be credited first against outstanding fees, charges, or rents and then against current fees, charges, or rents. RENT PAYMENTS should be made payable to BEVEN & XXXXX (or other, at the written direction of the owner), and either mailed (using envelopes and coupons provided by BEVEN & XXXXX) or delivered to the office at 00 X. Xxxx, Xxx.000, Xxxxxxxx, 00000. If there is a resident manager at your building, the rent may be given to the manager up to 8:00 p.m. on the FIRST. After the FIRST, delivery will be YOUR responsibility. Xxxxxx is hereby informed and agrees that all rent and security deposit payments payments are deposited to a trust account for the benefit of the owner of the property.
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.
Rent Collection. Manager shall promptly collect all rents and other charges for services provided in connection with the use of each Property. All monies collected shall be promptly deposited in accordance with Company’s requirements as set forth herein. Manager may where it determines it is required and in Owner’s best interest: (a) terminate tenancies with respect to any Property, (b) sign and serve, in Manager’s capacity as agent for Owner such notices as are deemed necessary by Manager, (c) institute and prosecute actions and evict residents of any Property, (d) recover rents and other sums due by legal proceedings, and (e) settle, compromise, and release such actions or suits, or re-institute such tenancies. Reasonable attorneys’ fees, filing fees, court costs and other necessary expenses incurred in connection with such actions and not recovered from residents shall be paid out of the Operating Account. Manager may select the attorney of its choice to handle such actions.
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.
Rent Collection. Receive rents payable and remit net proceeds to OWNER after deducting fees and expenses. PROPERTY MANAGER will render a monthly statement on or about the end of each month to OWNER showing all funds collected and disbursed on behalf of the OWNER. PROPERTY MANAGER may collect late fees from tenant who does not promptly pay rent when it is due, said late fees will be retained by PROPERTY MANAGER as a collection expense. PROPERTY MANAGER will not be held liable for any damages incurred as a result of the failure or bankruptcy of any financial institution used by PROPERTY MANAGER as a depository.
Rent Collection. No employee as part of his/her usual and regular duties shall be required to collect rent.
