Security Deposit Account. Agent shall, if required by law, maintain a separate interest-bearing account for tenant security deposits and advance rentals. Such account shall be maintained in accordance with applicable state or local laws, if any.
Appears in 4 contracts
Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement
Security Deposit Account. Agent shall, on behalf of Owner if required by law, establish and maintain a separate interest-bearing account for tenant security deposits and advance rentals. Such account shall be maintained and funded by the Owner in accordance with applicable state or local laws, if any.
Appears in 2 contracts
Samples: Management Agreement (Bluerock Residential Growth REIT, Inc.), Management Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Security Deposit Account. Agent shall, if required by law, maintain a separate interest-bearing account for tenant security deposits and advance rentals. Such account shall be maintained in accordance with applicable state or local laws, if any.
Appears in 1 contract
Samples: Property Management Agreement
