Common use of LOSS LIABILITY Clause in Contracts

LOSS LIABILITY. The Property Manager shall not be liable for loss of OWNER’s personal property located in rental property or rents collected resulting from theft, dishonored or uncollectible checks, bank failure, declined credit card authorizations, wind, storms, accidents or other causes or events beyond its control. The Property Manager shall not be required to initiate legal actions or retain an attorney for the purpose of collection of rents, collection of damages, eviction of tenants or other persons unless directed by OWNER. Collection fees and legal fees are the responsibility of the OWNER.

LOSS LIABILITY. The Property Manager MANAGER shall not be liable for loss of OWNER’s ’S personal property located in rental property or rents collected resulting from theft, dishonored or uncollectible un-collectible checks, bank failure, declined credit card authorizations, wind, storms, accidents or other causes or events beyond its control. The Property Manager MANAGER shall not be required to initiate legal actions or retain an attorney for the purpose of collection of rents, collection of damages, eviction of tenants or other persons unless directed by OWNER. Collection fees and legal fees are the responsibility of the OWNER.