Common use of Collection and Disbursement Clause in Contracts

Collection and Disbursement. Manager agrees to collect all rents and render to Owner a monthly accounting of rents and expenses. Manager agrees to collect rents from resident and to disburse funds on or before the 6th day of the following month (If the 6th falls on the weekend or a holiday, funds will be disbursed on the following business day), as long as the Owner has provided to the Manager the U.S. Federal Income Tax Forms required by the Federal Government.

Collection and Disbursement. Manager agrees to collect all rents and render to Owner a monthly accounting of rents and expenses. Manager agrees to collect rents from resident and to disburse funds on or before the 6th day of the following month (If the 6th falls on the weekend or a holiday, funds will be disbursed on the following business day), as long as the Owner has provided to the Manager the U.S. Federal Income Tax Forms required by the Federal Government.,