Separation of Owner’s Monies. All monies received by Agent for or on behalf of Owner (less any sums properly deducted by Agent pursuant to any of the provisions of this Agreement) shall be deposited in the bank in a General Account maintained by Agent. Agent will not be held liable in event of bankruptcy or failure of a depository.
Appears in 2 contracts
Samples: Property Management Agreement, Property Management Agreement
Separation of Owner’s Monies. All monies money received by the Agent for for, or on behalf of Owner (the Owner, less any sums properly deducted by the Agent pursuant to any of the provisions of this Agreement) agreement, shall be deposited in the bank in a General Account trust account maintained by the Agent for the deposit of monies for the Owners, and shall not be co-mingled with the funds of the Agent. The Agent will not be held liable in event of bankruptcy or failure of a depository.
Appears in 1 contract
Samples: Exclusive Rental Listing Agreement
Separation of Owner’s Monies. All monies money received by Agent for for, or on behalf of Owner (Owner, less any sums properly deducted by Agent pursuant to any of the provisions of this Agreement) agreement shall be deposited in the bank in a General Trust Account maintained by Agent for the deposit of monies of Owners, and shall not be co-mingled with funds of the Agent. Agent will not be held liable in the event of bankruptcy or failure of a depository.
Appears in 1 contract
Samples: Exclusive Rental Listing Agreement
