Accounting and Statements. 4.1 The Property Manager shall account to the Owner for the rent monies received and all payments received on the Owner’s behalf on a regular basis as set out in the Schedule subject to the deductions authorised in this Agreement. 4.2 In the event that any such deductions or the expenses/disbursements incurred are in excess of the rent monies collected by the Property Manager, the Owner agrees to pay such excess to the Property Manager promptly upon demand. 4.3 The Property Manager shall credit any applicable credit balance towards the Owner’s account nominated in the Schedule.
Appears in 5 contracts
Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement
