For Management Services. Rancon shall pay Glenborough, on a monthly basis, in arrears, a Property Management Fee equal to 3% of Gross Rental Revenue and a Construction Services Fee, due upon substantial completion of each project, in accordance with the following schedule: from zero to $25,000 no fee (if a permit is not required) from $25,001 to $350,000 5% of total costs from $350,001 to $750,000 2.5% of total costs from $750,001 and above 1% of total costs
Appears in 4 contracts
Samples: Property Management and Services Agreement, Property Management and Services Agreement (Rancon Realty Fund Iv), Property Management and Services Agreement (Rancon Income Fund I)
