Common use of OWNERS COMPENSATION Clause in Contracts

OWNERS COMPENSATION. Owner shall receive 50% of the gross rental income collected from the customer, less any maintenance, repair, insurance, or other incidental items charged to the owner’s account. A detailed statement along with any compensation due owner will be mailed about the 15th day of each month starting with the prior month’s activity. In the event that there is a negative balance in Owners account, Owner does not need to pay Agent for these charges at that time. Agent agrees to wait until the RV rents to a customer to deduct the charges owed.

OWNERS COMPENSATION. Owner shall receive 50% of the gross rental income including time. extra miles and extra generator hours charged to customer and collected from the customer, less any maintenance, repair, insurance, or other incidental items charged to the owner’s account. A detailed statement along with any compensation due owner will be mailed about the 15th day of each month starting with the prior month’s activity. In the event that there is a negative balance in Owners account, Owner does not need have to pay Agent for these charges at that time. Agent agrees to wait until the RV rents to a customer to deduct the charges owedowed to them.

OWNERS COMPENSATION. Owner shall receive 50% of the gross rental income collected from the customerincluding time, less any maintenance, repair, insurance, storage or other incidental items charged to the owner’s account. A detailed statement along with any compensation due owner will be mailed about the 15th day of each month starting with the prior month’s activity. In the event that there is a negative balance in Owners account, Owner does not need have to pay Agent for these charges at that time. Agent agrees to wait until the RV RV/Motorhome rents to a customer to deduct the charges owedowed to them.