Administration and Servicing of Leases Sample Clauses

The 'Administration and Servicing of Leases' clause defines the responsibilities and procedures for managing and maintaining lease agreements throughout their term. This typically includes tasks such as collecting rent, handling tenant communications, addressing maintenance requests, and ensuring compliance with lease terms. By clearly outlining these duties, the clause ensures that both parties understand who is responsible for day-to-day lease management, thereby reducing confusion and helping to prevent disputes over lease administration.