Alteration Processing Fee Clause Samples
The Alteration Processing Fee clause establishes a charge that must be paid when a party requests changes or modifications to an existing agreement or arrangement. Typically, this fee applies when the requesting party seeks to amend terms, update details, or otherwise alter the original contract, and it covers the administrative costs associated with reviewing and implementing such changes. By specifying this fee, the clause ensures that the party requesting alterations bears the cost of additional work, discouraging unnecessary changes and compensating the other party for their time and resources.
Alteration Processing Fee. $350.00 payable to ▇▇▇▇▇▇▇-▇▇▇▇▇, Inc.
Alteration Processing Fee. Unit Owner will remit an alteration processing fee of $500 payable to Olympic Tower Condominium. Effective 1/15/15, not applicable to projects with scope of work limited to HVAC replacement only.
