Common use of Initial Deposit and Reserve Clause in Contracts

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall remit to Broker the sum of $ as a reserve. Owner shall maintain the reserve stated above at all times in the Account to enable Broker to pay the obligations of Owner under this Agreement as they become due. Broker shall notify Owner if additional funds are required.

Appears in 2 contracts

Samples: Residential Property Management Agreement, Residential Property Management Agreement

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Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall 11 remit to Broker the sum of $ as a reserve. Owner shall maintain the reserve stated above at all 12 times in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they 13 become due. Broker shall notify Owner if additional funds are required.

Appears in 2 contracts

Samples: Residential Property Management Agreement, Residential Property Management Agreement

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall 11 remit to Broker the sum of $ 300.00 as a reserve. Owner shall maintain the reserve stated above at all 12 times in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they 13 become due. Broker shall notify Owner if additional funds are required.

Appears in 1 contract

Samples: Residential Property Management Agreement

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall 5 remit to Broker the sum of $ as a reserve. Owner shall maintain the reserve stated above at all 6 times in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they 7 become due. Broker shall notify Owner if additional funds are required.

Appears in 1 contract

Samples: Residential Property Management Agreement

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall remit to Broker the sum of $ $300 as a reserve. Owner shall maintain the reserve stated above at all times in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they become due. Broker shall notify Owner if additional funds are required.

Appears in 1 contract

Samples: Management Agreement

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall 28 remit to Broker Broker/Designated Property Manager the sum of $ as a reserve. Owner shall maintain 29 the reserve stated above at all times in the Trust Account to enable Broker Broker/Designated Property Manager to pay the 30 obligations of Owner under this Agreement as they become due. Broker Broker/Designated Property Manager shall notify 31 Owner if additional funds are required.

Appears in 1 contract

Samples: Residential Property Management and Brokerage Agreement

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall 10 remit to Broker the sum of $ as a reserve. Owner shall maintain the reserve stated above herein at all 11 times in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they 12 become due. Broker shall notify Owner if additional funds are required. Owner shall, as soon as practicable, 13 remit such additional funds by Xxxxxx.

Appears in 1 contract

Samples: Residential Property Management Agreement

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Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall remit to 10 Broker the sum of $ as a reserve. Owner shall maintain the reserve stated above at all times 11 in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they become due. 12 Broker shall notify Owner if additional funds are required.. 13

Appears in 1 contract

Samples: Residential Property Management Agreement

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall 5 remit to Broker the sum of $ 300 as a reserve. Owner shall maintain the reserve stated above at all 6 times in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they 7 become due. Broker shall notify Owner if additional funds are required.

Appears in 1 contract

Samples: Residential Property Management Agreement

Initial Deposit and Reserve. Immediately upon commencement of this Agreement, Owner shall 5 remit to Broker the sum of $ 200-350 as a reserve. Owner shall maintain the reserve stated above at all 6 times in the Trust Account to enable Broker to pay the obligations of Owner under this Agreement as they 7 become due. Broker shall notify Owner if additional funds are required.

Appears in 1 contract

Samples: Residential Property Management Agreement

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