Enforcement of Collections. On behalf of Owner, Manager (a) shall request, demand, collect, receive and provide receipts for all rental and other income of the Project; (b) may institute legal proceedings for the collection thereof and the dispossession and/or termination of the resident's rights of possession or a contracting party's contractual agreement; provided, however, such expense shall not exceed $1,000.00 without the prior written approval of Owner, (c) compromise and settle lawsuits against residents or service providers, and (d) incur reasonable collection fees and costs and legal expenses in connection with such activities, which fees, costs and expenses shall be a cost of the Project and payable by Owner.
Appears in 10 contracts
Samples: Property Management and Leasing Agreement (Education Realty Trust, Inc.), Property Management and Leasing Agreement (Education Realty Trust, Inc.), Property Management and Leasing Agreement (Education Realty Trust, Inc.)
