Franklin Ohio Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent

• Category: Oil Gas and Minerals - Agent Designations
• State: Multi-State
• County: Franklin
• Control #: US-OG-017
• Format: Word; Rich Text

Description

This agreement provides for owners to designate an agent to receive rentals provided for in a lease. This form may be used by related parties who wish to designate one agent to handle all rental payments and make regular disbursements. Franklin Ohio Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent is a legal document that outlines the terms and conditions for delaying the payment of rental income from a leased property to multiple owners while directing the payment to an agent. In this agreement, multiple owners of a property in Franklin, Ohio come together to appoint an agent who will receive rental payments on their behalf. The agreement allows for a delay in the distribution of rental income to the owners for a specific period of time, as stated in the agreement. The purpose of this agreement is to provide flexibility to the owners in managing their rental income. By appointing an agent, the owners can avoid administrative burdens and ensure timely and efficient collection of rental payments. Some relevant keywords for this agreement could include: 1. Franklin Ohio: Referring to the specific location where the property is situated, i.e., Franklin, Ohio. 2. Delay Rental Payment: Indicating the postponement or deferral of rental income distribution to the property owners. 3. Agreement for Multiple Owners: Highlighting the involvement of multiple individuals who jointly own the property. 4. Directing Payment of Rentals: Describing the process of directing rental payments to the appointed agent. 5. Lease: Referring to the underlying agreement between the property owner(s) and the tenant(s). Additional types or variations of Franklin Ohio Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent may include: 1. Specific Duration Agreement: This agreement specifies a specific time period for the delay in rental payment distribution, such as three months or six months. 2. Rolling Agreement: This type of agreement allows for the delay in rental payment distribution to be renewable or extendable for successive time periods, based on the owners' discretion. 3. Temporary Agreement: Here, the delay in rental payment distribution is meant to be a temporary solution and does not extend beyond a fixed period or until specific conditions are met. 4. Proportional Agreement: This type of agreement determines the distribution of rental income to each owner based on their respective ownership percentages. The agreement may outline how the agent is responsible for calculating and distributing payments accordingly. It's important to note that the specific names or variations of Franklin Ohio Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent may vary, and it is always recommended consulting with a legal professional when drafting or modifying such agreements to ensure compliance with local laws and regulations.

Franklin Ohio Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent is a legal document that outlines the terms and conditions for delaying the payment of rental income from a leased property to multiple owners while directing the payment to an agent. In this agreement, multiple owners of a property in Franklin, Ohio come together to appoint an agent who will receive rental payments on their behalf. The agreement allows for a delay in the distribution of rental income to the owners for a specific period of time, as stated in the agreement. The purpose of this agreement is to provide flexibility to the owners in managing their rental income. By appointing an agent, the owners can avoid administrative burdens and ensure timely and efficient collection of rental payments. Some relevant keywords for this agreement could include: 1. Franklin Ohio: Referring to the specific location where the property is situated, i.e., Franklin, Ohio. 2. Delay Rental Payment: Indicating the postponement or deferral of rental income distribution to the property owners. 3. Agreement for Multiple Owners: Highlighting the involvement of multiple individuals who jointly own the property. 4. Directing Payment of Rentals: Describing the process of directing rental payments to the appointed agent. 5. Lease: Referring to the underlying agreement between the property owner(s) and the tenant(s). Additional types or variations of Franklin Ohio Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent may include: 1. Specific Duration Agreement: This agreement specifies a specific time period for the delay in rental payment distribution, such as three months or six months. 2. Rolling Agreement: This type of agreement allows for the delay in rental payment distribution to be renewable or extendable for successive time periods, based on the owners' discretion. 3. Temporary Agreement: Here, the delay in rental payment distribution is meant to be a temporary solution and does not extend beyond a fixed period or until specific conditions are met. 4. Proportional Agreement: This type of agreement determines the distribution of rental income to each owner based on their respective ownership percentages. The agreement may outline how the agent is responsible for calculating and distributing payments accordingly. It's important to note that the specific names or variations of Franklin Ohio Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent may vary, and it is always recommended consulting with a legal professional when drafting or modifying such agreements to ensure compliance with local laws and regulations.