Lease Administration Amounts Clause Samples
The 'Lease Administration Amounts' clause defines the specific fees, charges, or payments related to the management and administration of a lease agreement. This may include costs such as administrative fees for processing rent payments, charges for handling maintenance requests, or other service-related expenses incurred by the landlord or property manager. By clearly outlining these amounts, the clause ensures transparency for both parties and helps prevent disputes over unexpected or unclear administrative costs during the lease term.
Lease Administration Amounts. As additional compensation for performing its obligations under the Servicing Agreement and this Supplement and as reimbursement for costs and expenses incurred in performing its obligations, the Servicer will be entitled to retain for its own account Lease Administration Amounts (or to withdraw and retain Lease Administration Amounts that nevertheless have been deposited in the Exchange Note Collection Account). Lease Administration Amounts are the property of the Servicer.