Common use of AGENT’S COMPENSATION AND EXPENSES Clause in Contracts

AGENT’S COMPENSATION AND EXPENSES. As compensation for the services provided by Agent under this Agreement (and exclusive of reimbursement of expenses to which Agent is entitled hereunder). Owner shall pay Agent as follows: 17.1 FOR MANAGEMENT SERVICES The greater of (i) $5,200 per month or (ii) 4% of the total monthly gross receipts from the premises, payable by the 1st day of the current month for the duration of this Agreement. Payments due Agent for Periods of less than a calendar month shall be prorated over the number of days for which compensation is due. The percentage amount set forth in (ii) above shall be based upon the total gross receipts form the premises during the preceding month. The term "gross receipts" shall be deemed to include all collected rents and other income and charges from the normal operation of the Premises, including, but not limited to, rents, parking fees, laundry income, forfeited security deposits, pet deposits, other fees and deposits, special charges listed in paragraph 3.2, or excess interest on security deposits (from paragraph 3.3), and other miscellaneous income. Gross receipts shall NOT be deemed to include the value of units provided to on- site staff, nor the income arising out of the sale of real property or settlement of fire or other casualty losses and items of a similar nature. 17.2 FOR APARTMENT LEASING N/A. 17.3 FOR COMMERCIAL LEASING N/A. 17.4 FOR MODERNIZATION (REHABILITATION/CONSTRUCTION) N/A.

AGENT’S COMPENSATION AND EXPENSES. As compensation for the services provided by Agent under this Agreement (and exclusive of reimbursement of expenses to which Agent is entitled hereunder). Owner shall pay Agent as follows: 17.1 FOR MANAGEMENT SERVICES The greater of (i) $5,200 $ N/A per month or (ii) 4% of the total monthly gross receipts from the premises, payable by the 1st 10th day of the current month for the duration of this Agreement. Payments due Agent for Periods of less than a calendar month shall be prorated over the number of days for which compensation is due. The percentage amount set forth in (ii) above shall be based upon the total gross receipts form from the premises during the preceding month. The term "gross receipts" shall be deemed to include all collected rents and other income and charges from the normal operation of the Premises, including, but not limited to, rents, parking fees, laundry income, forfeited security deposits, pet deposits, other fees and deposits, special charges listed in paragraph 3.2, or excess interest on security deposits (from paragraph 3.3), and other miscellaneous income. Gross receipts shall NOT be deemed to include the value of units provided to on- on-site staff, staff nor the income arising out of the sale of real property or settlement of fire or other casualty losses and items of a similar nature. 17.2 FOR APARTMENT LEASING N/A. 17.3 FOR COMMERCIAL LEASING N/A. 17.4 FOR MODERNIZATION (REHABILITATION/CONSTRUCTION) N/A.

AGENT’S COMPENSATION AND EXPENSES. As compensation for the services provided by Agent under this Agreement (and exclusive of reimbursement of expenses to which Agent is entitled hereunder). Owner shall pay Agent as follows: 17.1 FOR MANAGEMENT SERVICES The greater of (i) $5,200 $ N/A per month or (ii) 49% of the total monthly gross receipts from the premises, payable by the 1st 10th day of the current month for the duration of this Agreement. Payments due Agent for Periods of less than a calendar month shall be prorated over the number of days for which compensation is due. The percentage amount set forth in (ii) above shall be based upon the total gross receipts form from the premises during the preceding month. The term "gross receipts" shall be deemed to include all collected slip rents and other income and charges from the normal operation of the Premises, including, but not limited to, rents, parking fees, laundry income, forfeited security deposits, pet deposits, other fees and deposits, special charges listed in paragraph 3.2, or excess interest on security deposits (from paragraph 3.3), and other miscellaneous income. Gross receipts shall NOT be deemed to include the value of units provided to on- site staff, nor the income arising out of the sale of real property or settlement of fire or other casualty losses and items of a similar nature. 17.2 FOR APARTMENT LEASING N/A. 17.3 FOR COMMERCIAL LEASING N/A. 17.4 FOR MODERNIZATION (REHABILITATION/CONSTRUCTION) N/A.

AGENT’S COMPENSATION AND EXPENSES. As compensation for the services provided by Agent under this Agreement (and exclusive of reimbursement of expenses to which Agent is entitled hereunder). Owner shall pay Agent as follows: 17.1 FOR MANAGEMENT SERVICES The greater of (i) $5,200 per month or (ii) 4% of the total monthly gross receipts from the premises, payable by the 1st day of the current month for the duration of this Agreement. Payments due Agent for Periods of less than a calendar month shall be prorated over the number of days for which compensation is due. The percentage amount set forth in (ii) above shall be based upon the total gross receipts form the premises during the preceding month. The term "gross receipts" shall be deemed to include all collected rents and other income and charges from the normal operation of the Premises, including, but not limited to, rents, parking fees, laundry income, forfeited security deposits, pet deposits, other fees and deposits, special charges listed in paragraph 3.2, or excess interest on security deposits (from paragraph 3.3), and other miscellaneous income. Gross receipts shall NOT be deemed to include the value of units provided to on- on-site staff, nor the income arising out of the sale of real property or settlement of fire or other casualty losses and items of a similar nature. 17.2 FOR APARTMENT LEASING N/A. 17.3 FOR COMMERCIAL LEASING N/A. 17.4 FOR MODERNIZATION (REHABILITATION/CONSTRUCTION) N/A.