Common use of Property Reports Clause in Contracts

Property Reports. Upon request from Lender or its representatives and designees, Borrower shall furnish in a timely manner to Lender a property management report for the Property, showing the number of inquiries made and/or rental applications received from tenants or prospective tenants and deposits (including security deposits) received from tenants and any other information requested by Lender, in reasonable detail and certified by Borrower (or an officer, general partner, member or principal of Borrower if Borrower is not an individual) to be true and complete, but no more frequently than quarterly.