Common use of Collection of Revenues and Lease Enforcement Clause in Contracts

Collection of Revenues and Lease Enforcement. (i) Manager shall use diligent efforts to demand, collect and receive (A) all rents, utility charges, common area charges, insurance charges, and real estate and personal property tax and assessment charges, (B) all other pass-through or xxxx-back charges, sums, costs or expenses of any nature whatsoever payable by Tenants under the terms of any or all of the Leases and any other agreements relating to all or any portion of any Property, including, without limitation, any method of calculating a resident’s utility xxxx based on factors such as occupancy rate or square footage that may be implemented, and (C) all other revenues, issues and profits accruing from any Property (including, without limitation, any and all license, service or other agreements affecting such Property). All monies so collected shall be deposited into the applicable Property Account in accordance with the terms of this Agreement.

Appears in 7 contracts

Samples: Property Management Agreement (Aimco OP L.P.), Management Agreement (Aimco OP L.P.), Property Management Agreement (Aimco Properties L.P.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.