Disbursements from Escrow Accounts Clause Samples

Disbursements from Escrow Accounts. From the Escrow Accounts, Agent is hereby authorized to pay or reimburse itself for all expenses and costs of operating the Premises and for all other sums due Agent under this Agreement, including Agent’s compensation under Section 10. To the extent that funds are available, Agent shall transmit cash balances to Owner. By the 31st day of each month, Agent shall furnish Owner with a Management Report of monies collected and an Invoice of charges from the operation of the Premises during the previous month. The Bookkeeper begins Reports on the 10th of the month and all are completed by the 31st. Maintenance costs and costs to operate the premises are a separate service from management and those fees are listed in Turn- Key’s Maintenance Policy. Housing Authority payments will be sent to Owner c/o Turn-Key Properties, LLC, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇

Disbursements from Escrow Accounts