Common use of Monthly Accounting Clause in Contracts

Monthly Accounting. A ll rents are collected, and expenses paid during the course of the month. Owner’s check is then direct deposited around the 25th of the month. Depending on which bank Owner has their account, it can take several days to process Owner’s check. Owner Statements are forwarded by email to the owners Portal on the last day of the month. Owners will not receive their first check until all expenses have been paid and there is $500.00 reserve in their account. Owner acknowledges it could take 2-3 months before a distribution is sent after the commencement of tenancy. Name: Maple Leaf Property Management is a division of Maple Leaf Real Estate LLC Place additional data here Owner Maple Leaf Property Management I grant Maple Leaf Property Management permission to send my Form 1099-MISC electronically. Request for Taxpayer Identification Number and Certification Give Form to the requester. Do not send to the IRS. 1 Name (as shown on your income tax return). Name is required on this line; do not leave this line blank. 2 Business name/disregarded entity name, if different from above 4 Exemptions (codes apply only to certain entities, not individuals; see instructions on page 3): 0 Xxxxxxx (xxxxxx, xxxxxx, xxx xxx. or suite no.) See instructions. Requester’s name and address (optional)