Agent Agrees As Follows. To provide Room & Board and other services to the STUDENT at the prices specified and as indicated in the Room & Board Agreement Addendum, which is incorporated herein by reference, and as limited below, unless sooner terminated as provided for herein.
Agent Agrees As Follows a) Agent shall exercise his best efforts and due diligence in the management of the Premises, and agree to furnish all service necessary to rent, lease, operate, and manage the Premises effectively.
b) Agent shall exercise best effort to rent or lease the Premises, and all units contained therein, at the best possible rent.
c) Agent shall render on or before the day of each month, the cash flow from the previous month with an operating report of receipts, expenses, charges, and disbursements for the same prior month period. In the event statement shows expenses to be in excess of receipts, the Owner shall pay such shortage within ( ) days upon receipt of reports.
d) Owner acknowledges that Agent will maintain a maintenance reserve for the property, which amount will not be remitted to Owner until this agreement is terminated. The amount of such reserve shall be $ , and may be adjusted by agreement of both parties.
e) Agent shall deposit all receipts collected on Owner's behalf in an institution qualified to engage in the banking or trust business in the state of Colorado. Agent shall, at all times, keep Owner's funds separate from Agent's personal and business accounts. Agent will not be held liable in event of bankruptcy or failure of repository.
f) If Owner chooses, Agent can electronically deposit monthly proceeds directly to Owner’s account. Otherwise, all Cash Distributions will be sent via check.
g) Owner acknowledges that all interest amounts received by Agent on any lease income, operating funds, security deposits, or any other amounts held in the Trust Account & Security Deposit Account shall be retained by Agent to offset additional costs incurred or as directed by the State of Colorado.
h) Owner shall be responsible for the payment of all mortgage/notes, property taxes, special assessments, Homeowner Association fees, Insurance and utilities related to the Premises unless otherwise agreed to in writing.
i) Agent shall collect security deposits in connection with the rental of the Premises, and all the units contained therein, in amounts consistent with good professional practice, and maintain such deposits in an institution qualified to engage in the banking or trust business in this state, at all times separate from Agent's personal and business accounts, or in such other place and in such other manner as may be required by the laws of Colorado. Agent shall, at all times, maintain security deposits as required by the laws of Colorado. Security ...
Agent Agrees As Follows a) Agent shall exercise best effort to rent or lease the Premises, and all units contained therein, at the best possible rent.
b) Owner acknowledges that Agent will maintain an advertising reserve for the property. The amount of such reserve shall be $ , and may be adjusted by agreement of both parties. Once tenant placement services are rendered in full any remaining balance of reserve shall be refunded to Owner.
c) Agent shall deposit all receipts collected on Owner's behalf in an institution qualified to engage in the banking, escrow or trust business in British Columbia. Agent shall, at all times, keep Owner's funds separate from Agent's personal and business accounts. Agent will not be held liable in event of bankruptcy or failure of repository.
d) If Owner chooses, Agent can electronically deposit Owner funds directly to Owner’s account. Otherwise, all Cash Distributions will be sent via check.
e) Owner acknowledges that all interest amounts received by Agent on any lease income, operating funds, security deposits, or any other amounts held in the Operating Account, Trust Account & Security Deposit Account shall be retained by Agent to offset additional costs incurred or as directed by BC Financial Services Authority.
f) Owner shall be responsible for the payment of all mortgage/notes, property taxes, special assessments, Strata fees, Insurance and utilities related to the Premises unless otherwise agreed to in writing.
g) On a Tenant Placement Only Agreement be aware, Xxxxxxx Realty Corp. accepts NO LIABILITY. Xxxxxxx Realty Corp. has no further obligation to management other than tenant placement.
h) Agent shall collect security deposits in connection with the rental of the Premises in amounts consistent with good professional practice, and maintain such deposits in an institution qualified to engage in the banking or trust business in this province, at all times separate from Agent's personal and business accounts, or in such other place and in such other manner as may be required by the laws of British Columbia. Security deposits shall be transferred from Agent to Owner once tenant is placed.
Agent Agrees As Follows
