Common use of Leasing Fees Clause in Contracts

Leasing Fees. In addition to the compensation paid to Manager under Section 5.1 above, Manager shall be entitled to receive a separate fee for the Leases of new tenants and renewals of Leases with existing tenants in an amount not to exceed the fee customarily charged in arm's length transactions by others rendering similar services in the same geographic area for similar properties as determined by a survey of brokers and agents in such area.

Appears in 7 contracts

Samples: Management and Leasing Agreement (Behringer Harvard Reit I Inc), Management and Leasing Agreement (Behringer Harvard Reit I Inc), Management and Leasing Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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