Common use of Miscellaneous Duties Clause in Contracts

Miscellaneous Duties. The Property Manager shall (a) maintain at the Property Manager's office at the Property Manager's address as set forth in Section 12 or at the subcontractor to the Property Manager or at the Project or at a designated office in the region of the Project and readily accessible to the Tenants in Common orderly files containing rent records, insurance policies, leases and subleases, correspondence, receipted bills and vouchers, bank statements, canceled checks, deposit slips, debit and credit memos, and all other documents and papers pertaining to the Project or the operation thereof; (b) provide reports for the preparation and filing by the Tenants in Common of each income or other tax return required by any governmental authority, including annual statements allocating the expenses of and income from the Project to each Tenant in Common; (c) consider and record tenant service requests in systematic fashion showing the action taken with respect to each, and thoroughly investigate and report to the Tenants in Common in a timely fashion with appropriate recommendations all complaints of a nature that might have a material adverse effect on the Project or the Budget; (d) supervise the moving in and out of tenants and subtenants; arrange, to the extent possible, the dates thereof to minimize disturbance to the operation of the Project and inconvenience to other tenants or subtenants; and render an inspection report, an assessment for damages and a recommendation on the disposition of any deposit held as security for the performance by the tenant under its lease with respect to each premises vacated; (e) check all bills received for the services, work and supplies ordered in connection with maintaining and operating the Project and, except as otherwise provided in this Agreement, pay such bills when due and payable; and (f) not knowingly permit the use of the Project for any purpose that might void any policy of insurance held by the Tenants in Common or that might render any loss thereunder uncollectible. All such records are the property of the Tenants in Common and will be delivered to the Tenants in Common upon request.

Appears in 4 contracts

Sources: Property and Asset Management Agreement (Behringer Harvard Reit I Inc), Property and Asset Management Agreement (Behringer Harvard Reit I Inc), Property Management Agreement (Behringer Harvard Reit I Inc)

Miscellaneous Duties. The Property Manager shall shall: (a) maintain at the Property Manager's office at the Property Manager's address as set forth in Section 12 or at the subcontractor to the Property Manager or at the Project or at a designated office in the region of the Project and readily accessible to the Tenants in Common orderly files containing rent records, insurance policies, leases and subleases, correspondence, receipted bills and vouchers, bank statements, canceled checks, deposit slips, debit and credit memos, vouchers and all other documents and papers pertaining to the Project Property or the operation thereof; thereof and such records, documents and papers shall at all times remain the property of Owner; (b) cooperate with and provide reports for information requested by Owner's accountants in regard to the preparation by such accountants and filing by the Tenants in Common Owner of each Federal, State, City and any other income or other tax return returns required by any governmental authority, including annual statements allocating the expenses of and income from the Project to each Tenant in Common; ; (c) cause to be prepared and filed all necessary forms for unemployment, insurance, withholding and social security taxes and all other tax and other forms relating to employment of building employees and the maintenance and operation of the Property required by Federal, State or Municipal authorities; (d) consider and record tenant service requests and record such requests as shall be substantial, in systematic fashion showing the action taken with respect to each, and thoroughly investigate and report to the Tenants in Common Owner in a timely fashion with appropriate recommendations all complaints of a nature that which might have a material adverse effect affect on the Project Property or the Budget; Approved Operating or Approved Capital Budgets; (de) supervise the moving in and out of tenants and subtenants; subtenants and arrange, to the extent possible, the dates thereof to minimize so that there shall be a minimum of disturbance to the operation of the Project and inconvenience to other tenants or subtenants; Property and render an inspection report, an assessment for damages and a recommendation on the disposition of any deposit held as security for the performance by the any tenant under its lease with respect to each the premises vacated; Property Management Agreement (ef) check all bills received for the services, work and supplies ordered in connection with maintaining and operating the Project Property and, except as otherwise provided in this Agreementherein provided, pay such bills as and when the same shall become due and payable; (g) inspect the Property at adequate intervals and submit in writing to Owner any recommendations; (h) keep written records of all alterations, repairs and other work performed at the Property; and (i) timely prepare and (f) not knowingly permit maintain written incident reports of all accidents and other incidents which may have a material adverse affect on the use of the Project for any purpose that might void any policy of insurance held by the Tenants in Common Property or that might render any loss thereunder uncollectible. All such records to Owner which are the property of the Tenants in Common and will be delivered reported or otherwise known to the Tenants in Common upon requestManager.

Appears in 1 contract

Sources: Property Management Agreement (Lexington Realty Trust)

Miscellaneous Duties. The Property Manager shall (a) maintain at the Property Manager's ’s office at the Property Manager's address as set forth in Section 12 or at the subcontractor to the Property Manager or at the Project or at a designated office in the region of the Project 12.1 and readily accessible to the Tenants in Common Company, orderly files containing rent records, insurance policies, leases and subleases, correspondence, receipted bills and vouchers, bank statements, canceled checks, deposit slips, debit and credit memos, and all other documents and papers pertaining to the Project Property or the operation thereof; (b) provide reports information about the Property necessary for the preparation and filing by the Tenants in Common Company of each income or other its tax return returns required by any governmental authority, including annual statements allocating the statements, identifying all expenses of paid and income from the Project to each Tenant in Commonreceived by Company; (c) consider and record tenant service requests in systematic fashion showing the action taken with respect to each, and thoroughly investigate and report to the Tenants in Common Company in a timely fashion with appropriate recommendations all complaints of a nature that which might have a material adverse effect on the Project Property or the Budget; (d) supervise the moving in and out of tenants and subtenants; arrange, to the extent possible, the dates thereof to minimize disturbance to the operation of the Project Property and inconvenience to other tenants or subtenants; and render an inspection report, an assessment for damages and a recommendation on the disposition of any deposit held as security for the performance by the tenant under its lease with respect to each premises vacated; (e) check all bills received for the services, work and supplies ordered in connection with maintaining and operating the Project Property and, except as otherwise provided in this Agreement, pay such bills when due and payable; and (f) not knowingly permit the use of the Project Property for any purpose that might void any policy of insurance held by the Tenants in Common Company or that which might render any loss thereunder uncollectible. All such records are the property of the Tenants in Common Company and will be delivered to the Tenants in Common Company upon request.

Appears in 1 contract

Sources: Management Agreement (Grubb & Ellis Healthcare REIT, Inc.)

Miscellaneous Duties. The Property Manager shall (a) maintain at the Property Manager's ’s office at the Property Manager's address as set forth in Section 12 (or at the subcontractor to the Property Manager or at the Project or at a designated office in the region of the Project and readily accessible to the Tenants in Common any local sub-manager’s office) orderly files containing rent records, insurance policies, leases and subleases, correspondence, receipted bills and vouchers, bank statements, canceled checks, deposit slips, debit and credit memos, and all other documents and papers pertaining to the Project Property or the operation thereof; (b) provide reports for the preparation and filing by the Tenants in Common of each income or other tax return required by any governmental authority, including annual statements allocating the expenses of and income from the Project Property to each Tenant in Common; (c) consider and record tenant service requests in a systematic fashion showing the action taken with respect to each, and thoroughly investigate and report to the Tenants in Common in a timely fashion with appropriate recommendations all complaints of a nature that which might have a material adverse effect on the Project Property or the BudgetBudget (i.e., earthquake damage or fire damage); (d) supervise the moving in and out of tenants and subtenants; arrange, to the extent possible, the dates thereof to minimize disturbance to the operation of the Project Property and inconvenience to other tenants or subtenants; and render an inspection report, an assessment for damages and a recommendation on the disposition of any deposit held as security for the performance by the tenant under its lease with respect to each premises vacated; (e) check all bills received for the services, work and supplies ordered in connection with maintaining and operating the Project Property and, except as otherwise provided in this Agreement, pay such bills when due and payable; and (f) not knowingly permit the use of the Project Property for any purpose that might void any policy of insurance held by the Tenants in Common or that which might render any loss thereunder uncollectible. All such records are the property of the Tenants in Common and will be delivered to the Tenants in Common upon request. To the extent a lease for the Property provides for self management, the Property Manager shall supervise and inspect the Property to insure that the tenant is performing its obligations.

Appears in 1 contract

Sources: Property Management Agreement

Miscellaneous Duties. The Property Manager shall shall: (ai) maintain at the Property Manager's office at the Property Manager's address as set forth in Section 12 or at the subcontractor to the Property Manager or at the Project or at a designated office in the region of the Project and readily accessible to the Tenants in Common orderly files containing rent records, insurance policies, leases and subleases, correspondence, receipted bills and vouchers, bank statements, canceled checks, deposit slips, debit and credit memos, and all other documents and papers pertaining to the Project or the operation thereof; thereof that are within the scope of Manager’s oversight pursuant to this Agreement and such records, documents and papers shall at all times remain the property of Owner; (bii) cooperate with and provide reports for information requested by Owner’s accountants in regard to the preparation by such accountants and filing by the Tenants in Common Owner of each federal, state, local and any other income or other tax return returns required by any governmental authority, including annual statements allocating the expenses of and income from the Project to each Tenant in Common; ; (ciii) consider and record tenant service requests in systematic fashion showing the action taken with respect to eachand keep Owner reasonably informed of such requests, and thoroughly investigate and report to the Tenants in Common Owner in a timely fashion with appropriate recommendations all complaints of a nature that which might have a material adverse effect on the Project or the a Budget; ; (d) supervise the moving in and out of tenants and subtenants; arrange, to the extent possible, the dates thereof to minimize disturbance to the operation of the Project and inconvenience to other tenants or subtenants; and render an inspection report, an assessment for damages and a recommendation on the disposition of any deposit held as security for the performance by the tenant under its lease with respect to each premises vacated; (eiv) check all bills received for the services, work and supplies ordered in connection with maintaining and operating the Project and, except as otherwise provided in this Agreementherein provided, pay such bills as and when the same shall become due and payable; and payable (fsubject to the provision of funds for the same by Owner); (v) not knowingly permit the use of inspect the Project for at adequate intervals and submit in writing to Owner any purpose recommendations; (vi) keep written records of all alterations, repairs and other work performed at the Project; and (vii) timely prepare and maintain written incident reports of all accidents and other incidents which may have a material adverse effect on the Project or to Owner which are reported or otherwise known to Manager; (viii) manage any agreements with third-party service providers related the Project approved by Owner in accordance with the Budget; (ix) use its commercially reasonable efforts to ensure that might void Owner is in compliance with any policy loan agreements or any other documents in connection with a loan affecting the Project, pursuant to directions provided by Owner regarding matters requiring compliance under such loan agreements; (x) if there is a loan on the Property, execute an assignment and subordination of insurance held this Agreement in favor of any applicable lender; and (xi) take such other actions as reasonably requested by Owner in connection with the Tenants in Common or that might render any loss thereunder uncollectible. All such records are the property of the Tenants in Common and will be delivered to the Tenants in Common upon requestProject.

Appears in 1 contract

Sources: Commercial Management Agreement (ROX Financial LP)