Common use of Managers Responsibilities Clause in Contracts

Managers Responsibilities. The Manager vows to perform the following duties: 2.1. Rent, lease and operate the property. 2.2. Promote the Property in order for it to be rented, engage and filter through potential tenants, coordinate rental agreements with suitable tenants. 2.3. Collect the applicable rent from the tenants, in due time. The Manager, however, is not liable for any of the potential tenants’ rent, in an event in which the tenants do not pay the rent for whatever reason. The Manager agrees to try their best in order to collect the said rent, but may not be held liable. 2.4. Provide a monthly accounting of monies received and paid expenses, as well as any other applicable incomes, monies or sums owed to the Owner. 2.5. The repair and maintain the Property when needed. 2.6. To inform the Owner of any improvements and/or repairs that exceed the estimated value or exact amount of and obtain consent from the Owner prior to paying such fees. The Owner also agrees to maintain receipts, invoices and any other applicable documents related to the expenditure. 2.7. In an event in which the collection and/or legal proceedings become mandatory for the Property, the Manager agrees to handle all the proceedings related to this matter. The Owner accepts to reimburse the Manager for all the costs incurred as part of the legal/collection proceedings