Deposit of Revenues. 4.02. Property Manager shall establish and maintain, in a bank of Property Manager’s choice, a bank account for the deposit of all rent and other revenue collected from the Premises. If desirable, the Property Manager may establish a separate account for each separate parcel of property among the Premises, or may use a single bank account, so long as Property Manager’s accounting records are sufficient to provide separate operating statements for each separate parcel of property included in the Premises.
Appears in 4 contracts
Samples: Management Agreement (LF George Holdings, Inc.), Management Agreement (LF George Holdings, Inc.), Management Agreement (LF George Holdings, Inc.)
