Records, Reporting. Manager shall maintain at the regular business office of Manager or at such other address as Manager shall advise Owner in writing separate Apartments books and journals and orderly files for the Apartments, containing rental records, insurance policies, leases, correspondence, receipts, bills and vouchers, service and supply contracts, and all other documents and papers pertaining directly to the Apartments or the operation thereof. All corporate statements, receipts, invoices, checks, leases, contracts, worksheets, financial statements, books and records, and all other instruments and documents relating to or arising from the operation or management of the Apartments shall be and remain the property of Owner and Owner shall have the right to inspect and to copy all such matters, at Owner’s sole cost and expense, at all reasonable times during the term of this Agreement. All such records, including leases, rent rolls, and other related documents, shall upon termination of this Agreement either remain at the Apartments or be delivered as directed by Owner.
Appears in 2 contracts
Sources: Apartment Management Agreement (Behringer Harvard Opportunity REIT I, Inc.), Apartment Management Agreement (Behringer Harvard Opportunity REIT I, Inc.)