Common use of Recovery of Expenses Clause in Contracts

Recovery of Expenses. Termination of this Agreement by the Owner prior to Manager finding a suitable tenant, or if Owner decides to rent Property on their own without approval from Manager, will obligate the Owner to reimburse Manager for expenses used to prepare the Property for rent. Actual costs such as photography, sign, marketing, and reasonable time will be billed back to the Owner. Manager will prepare and deliver an invoice to Owner with detailed costs to be due upon receipt.

Recovery of Expenses. Termination of this Agreement by the Owner prior to Manager finding a suitable tenant, or if Owner decides to rent Property on their own without approval from Manager, will obligate the Owner to reimburse Manager for expenses used to prepare the Property for rent. Actual costs such as photography, sign, marketing, and reasonable time will be billed back to the Owner. Manager will prepare and deliver an invoice to Owner with detailed costs to be due upon receipt. A Termination Fee of $XXX will apply.