Examples of Rental Income in a sentence
Agent shall, from Rental Income collected, deposited 66 and cleared, cause to be disbursed regularly and punctually: (1) amounts reimbursable 67 to Agent; (2) amounts otherwise due and payable as operating expenses of the Property 68 authorized to be incurred under the terms of this Agreement; (3) Agent’s compensation 69 as set forth herein; (4) association assessments, if applicable; and (5) amounts due 70 Owner.
At the expense of Owner, Agent is authorized to 56 pursue collection of delinquent Rental Income and other charges on Owner’s behalf by 57 filing evictions or utilizing the services of collection agencies and attorneys.
Manager will retain 20% of the Gross Rental Income for Unit rentals generated by or through Manager.
Under no 110 circumstance shall Agent be liable to Owner for any reduction in Rental Income that 111 occurs due to the early termination of any lease, the initiation of eviction or other 112 dispossessory proceedings, abandonment of a lease by a tenant, or the inability to lease 113 the Property.
Owner 106 expressly understands that should any tenant be evicted during the term of a lease, said 107 eviction will likely result in a reduction of Rental Income to Owner for the remaining term 108 of said lease.