Disbursements of Rent and Other Receipts Sample Clauses

Disbursements of Rent and Other Receipts. A. Net Proceeds: To the extent that funds are available Manager shall remit the balances due to owner monthly. Direct Deposit: Owners who wish to avoid a paper check may choose to sign up for Direct Deposit. This program is the electronic transfer of rental income via ACH . This service is at no additional cha rge. Manager is not required to advance funds : If the balance of funds held on behalf of Owner for disbursement is at any time insufficient to pay disbursements due and payable, Owner shall, not Later than 10 days after written notice, remit to Manager sufficient funds to cover the deficiency. Financial and Other reports Owner's Reporting to Internal Revenue Service (IRS): Owner is required to file all required IRS forms and meet all IRS requirements. Owner agrees to furnish Manager with a proper TIN (Taxpayer Identification Number) via an IRS W9 form, or other applicable IRS approved documents.
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Disbursements of Rent and Other Receipts. A. Net Proceeds: To the extent that funds are available Manager shall remit the balances due to owner monthly.
Disbursements of Rent and Other Receipts 

Related to Disbursements of Rent and Other Receipts

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