Common use of Leasing Commission Clause in Contracts

Leasing Commission. The Management Agreement provides that the Property Manager or an Affiliate will receive a leasing commission ("Leasing Commission") equal to six percent (6%) of the value of any lease centered into during the term of the Management Agreement and three percent (3%) with respect to any renewals. Any leasing fees due outside leasing agents or brokers will be paid by the Manager from these commissions. The value of the lease shall be calculated by totaling the minimum monthly rent (or similar rent) for the term of the lease. The term of the lease shall not exceed five (5) years for purposes of the foregoing computation and shall be exclusive of option periods. If another broker represents the tenant, then Property Manager may cooperate with that broker on terms and conditions acceptable to Property Manager with commissions to the other broker to be paid by the Tenants in Common. The Manager may use outside leasing agents. In the event outside leasing agents are used, the Manager shall pay any commissions that may be due.

Leasing Commission. The Management Agreement provides that the ------------------ Property Manager or an Affiliate will receive a leasing commission ("Leasing Commission") equal to six percent (6%) of the value of any lease centered into during the term of the Management this Agreement and three percent (3%) with respect to any renewals. Any leasing fees due outside leasing agents or brokers will be paid by the Manager from these commissions. The value of the lease shall be calculated by totaling the minimum monthly rent (or similar rent) for the term of the lease. The term of the lease shall not exceed five (5) years for purposes of the foregoing computation and shall be exclusive of option periods. If another broker represents the tenant, then Property Manager may cooperate with that broker on terms and conditions acceptable to Property Manager with commissions to the other broker to be paid by the Tenants in Common. The Manager may use outside leasing agents. In the event outside leasing agents are used, the Manager shall pay any commissions that may be due.

Leasing Commission. The Management Agreement provides that the Property Manager or an Affiliate will receive a leasing commission ("Leasing Commission") equal to six percent (6%) of the value of any lease centered entered into during the term of the Management this Agreement and three percent (3%) with respect to any renewals. Any leasing fees due outside leasing agents or brokers will be paid by the Manager from these commissions. The value of the lease shall be calculated by totaling the minimum monthly rent (or similar rent) for the term of the lease. The term of the lease shall not exceed five (5) years for purposes of the foregoing computation and shall be exclusive of option periods. If another broker represents the tenant, then the Property Manager may cooperate with that broker on terms and conditions acceptable to the Property Manager with commissions to the other broker to be paid by the Tenants in Common. The Manager may use outside leasing agents. In the event outside leasing agents are used, provided that the Manager shall pay pays any commissions that may be due.