Common use of Separation of Owner’s Monies Clause in Contracts

Separation of Owner’s Monies. Manager shall deliver all collected rents, charges and other amounts received in connection with the management and operation of the Property (except for tenants’ security deposits, which will be handled as specified in this Agreement) to a Depository selected by Manager and approved by Owner.

Appears in 36 contracts

Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT, Inc.)

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Separation of Owner’s Monies. Manager shall deliver all collected rents, charges and other amounts received by it in connection with the management and operation of the Property (except for tenants’ security deposits, which will be handled as specified in this AgreementSection 5.1) to a Depository selected by Manager and approved by Owner.

Appears in 10 contracts

Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.)

Separation of Owner’s Monies. Manager shall deliver all collected rents, charges and other amounts received in connection with the management and operation of the Property (except for tenants’ security deposits, which will be handled as specified in this Agreement) to a Depository selected by Manager and approved designated by Owner.

Appears in 5 contracts

Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.)

Separation of Owner’s Monies. Manager shall deliver all collected rents, charges and other amounts received in connection with the management and operation of the Property (except for tenants' security deposits, which will be handled as specified in this Agreement) to a Depository selected by Manager and approved by Owner.

Appears in 5 contracts

Samples: Assignment of Management Agreement and Subordination of Management Fees, Assignment of Management Agreement and Subordination of Management Fees (Steadfast Income REIT, Inc.), Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)

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Separation of Owner’s Monies. Manager shall deliver all collected rents, charges and other amounts received in connection with the management and operation of the Property (except for tenants’ security deposits, which will be handled as specified in this Agreement) to a Depository selected by Manager and approved maintained by Owner.

Appears in 1 contract

Samples: Property Management Agreement (Steadfast Income REIT, Inc.)

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