Common use of COLLECTION OF INCOME; INSTITUTION OF LEGAL ACTION; ASSIGNMENT OF TENANT ACCOUNTS Clause in Contracts

COLLECTION OF INCOME; INSTITUTION OF LEGAL ACTION; ASSIGNMENT OF TENANT ACCOUNTS. 9.1 Agent shall use its best efforts to collect promptly all rents and other income issuing from the property when such amounts become due. It is understood that Agent does not guarantee the collection of rents. Agent shall not advertise the premises or execute a lease on the premises for less than the minimum monthly rent amount as agreed upon by the Owner and Agent, unless express written approval is obtained from Owner. In the event this Agreement is used for multiple properties of Owner, the parties shall create an addendum to identify the minimum monthly rental amounts and minimum lease periods (as provided in Section 3) for each rental unit subject to this Agreement.

COLLECTION OF INCOME; INSTITUTION OF LEGAL ACTION; ASSIGNMENT OF TENANT ACCOUNTS. 9.1 9.1: Agent shall use its best efforts to collect promptly all rents and other income issuing from the property when such amounts become due. It is understood that Agent does not guarantee the collection of rents. Agent shall not advertise the premises or execute a lease on the premises for less than the minimum monthly rent amount as agreed upon by the Owner and Agent, of $ unless express written approval is obtained from Owner. In the event this Agreement is used for multiple properties of Owner, the parties shall create an addendum to identify the minimum monthly rental amounts and minimum lease periods (as provided in Section 3) for each rental unit subject to this Agreement.

COLLECTION OF INCOME; INSTITUTION OF LEGAL ACTION; ASSIGNMENT OF TENANT ACCOUNTS. 9.1 Agent shall use its best efforts to collect promptly all rents and other income issuing from the property when such amounts become due. It is understood that Agent does not guarantee the collection of rents. Agent shall not advertise the premises or execute a lease on the premises for less than the minimum monthly rent amount as agreed upon by the Owner and Agent, of $ unless express written approval is obtained from Owner. In the event this Agreement is used for multiple properties of Owner, the parties shall create an addendum to identify the minimum monthly rental amounts and minimum lease periods (as provided in Section 3) for each rental unit subject to this Agreement.