Common use of Property Management Service Clause in Contracts

Property Management Service. DHA must manage the Property by performing the following activities: (a) carrying out inspections of the Property at periodic intervals; (b) itemising monthly rent receipts, outgoings and other expenses (other than those covered by the Service Fee) paid on the Lessor’s behalf, and, if required by the Lessor, provide relevant information on an annual basis; (c) provided DHA receives relevant notices and accounts in sufficient time to enable payment by the due date, paying on the Lessor’s behalf outgoings in respect of the Property (eg rates, charges, property insurance premiums), unless the Lessor elects to assume the responsibility. DHA may recoup amounts paid as a debt due by the Lessor, or by deduction from the monthly rent payments; and (d) arranging compliance, at the Lessor's expense (by deduction from monthly rent payments), with any of the Lessor’s retained responsibilities under clause 7, if requested by the Lessor and DHA agrees to do so.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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