Tax Payments. Manager is hereby instructed and authorized to pay property taxes, employee taxes and special assessments from Owner's funds to the extent available from rental revenues received, except that, with the consent of Owner, Manager shall not pay any taxes or assessments which Manager recommends that Owner not pay and except further that Manager shall not pay any taxes or assessments which Owner directs Manager to contest or refrain from paying. Owner reserves the right to pay any of any such taxes directly and shall notify Manager of its decision to do so from time to time.
Appears in 14 contracts
Samples: Asset Management Agreement (Resource Real Estate Investors 7, L.P.), Asset Management Agreement (Resource Real Estate Investors 7, L.P.), Asset Management Agreement (Resource Real Estate Investors 7, L.P.)
Tax Payments. Manager is hereby instructed and authorized to pay property taxes, employee taxes and special assessments from Owner's funds to the extent available from rental revenues received, except that, with the consent of Ownerthe Association, Manager shall not pay any taxes or assessments which Manager recommends that Owner not pay and except further that Manager shall not pay any taxes or assessments which Owner the Association directs Manager to contest or refrain from paying. Owner reserves the right to pay any of any such taxes directly and shall notify Manager of its decision to do so from time to time.
Appears in 1 contract
Samples: Asset Management Agreement (Resource Real Estate Investors 6 LP)
