Rental Payment Collection and Disbursement. Xxxxxx Realty, Inc. shall collect on behalf of Owner all rental payments and security deposits required (if applicable). All such funds shall be placed in Xxxxxx Realty, Inc.s Trust Checking Account (a non- interest bearing account) prior to disbursement. Owner acknowledges that any payment shall not be disbursed to the Owner until a reasonable time after such funds have cleared the account of Xxxxxx Realty, Inc. Final balances and payments in full will be mailed to the owner 14 days after receipt of payment.
Appears in 7 contracts
Samples: Rental Listing Agreement, Rental Listing Agreement, Rental Listing Agreement
