Monies Collected. Third Party Manager shall collect all rent and other monies from tenants and any sums otherwise due Manager with respect to the Properties in the ordinary course of business. In collecting such monies, Third Party Manager shall inform tenants of the Properties that all remittances are to be in the form of a check or money order. Manager authorizes Third Party Manager to request, demand, collect and receipt for all such rent and other monies and to institute legal proceedings in the name of Manager for the collection thereof and for the dispossession of any tenant in default under its Lease.
Appears in 2 contracts
Sources: Third Party Property Management and Leasing Agreement (Berkeley Income Trust, Inc.), Third Party Property Management and Leasing Agreement (Berkeley Income Trust, Inc.)