Compensation of Agent. 14.1: Agent shall receive a management fee equal to $ of the gross monthly rent collected from the operation of the property, or a flat amount of $ . Gross monthly rent is defined as the monthly rent amount per the terms of the lease and not inclusive of late fees, other fees that may be required by the lease (i.e. service of notice fee, eviction turnover fee, etc.), or any other amounts collected from the tenant for any reason. Utility reimbursement fees are however considered a part of gross monthly rent.
Appears in 3 contracts
Samples: Property Management Agreement, Property Management Agreement, P Roperty Management Agreement
Compensation of Agent. 14.1: 14.1 Agent shall receive a management fee equal to $ of the gross monthly rent collected from the operation of the property, or a flat amount of $ . Gross monthly rent is defined as the monthly rent amount per the terms of the lease and does not inclusive of include late fees, other fees that may be required by the lease (i.e. service of notice fee, eviction turnover fee, etc.), or any other amounts collected from the tenant for any reason. Utility reimbursement fees Reimbursement Fees collected from the tenant(s) are however however, considered a part of gross monthly rent.
Appears in 1 contract
Samples: Property Management Agreement
Compensation of Agent. 14.1: 14.1 Agent shall receive a management fee equal to $ 7% OR 9% of the gross monthly rent collected from the operation of the property, or a flat amount of $ . Gross monthly rent is defined as the monthly rent amount per the terms of the lease and does not inclusive of include late fees, other fees that may be required by the lease (i.e. service of notice fee, eviction turnover fee, etc.), or any other amounts collected from the tenant for any reason. Utility reimbursement fees collected from the tenant(s) are however considered a part of gross monthly rent.
Appears in 1 contract
Samples: Management Agreement
Compensation of Agent. 14.1: 14.1 Agent shall receive a management fee equal to $ of the gross monthly rent collected from the operation of the property, or a flat amount of $ . Gross monthly rent is defined as the monthly rent amount per the terms of the lease and not inclusive of late fees, other fees that may be required by the lease (i.e. service of notice fee, eviction turnover fee, etc.), or any other amounts collected from the tenant for any reason. Utility reimbursement fees are however considered a part of gross monthly rent.
Appears in 1 contract
Samples: Property Anagement Agreement
Compensation of Agent. 14.1: 14.1 Agent shall receive a management fee equal to $ ( Plan) of the gross monthly rent collected from the operation of the property, or a flat amount of $ . Gross monthly rent is defined as the monthly rent amount per the terms of the lease and does not inclusive of include late fees, other fees that may be required by the lease (i.e. service of notice fee, eviction turnover fee, etc.), or any other amounts collected from the tenant for any reason. Utility reimbursement fees are however considered a part of gross monthly rent.
Appears in 1 contract
Samples: Management Agreement