MANAGEMENT CHARGES Clause Samples
The MANAGEMENT CHARGES clause defines the fees or costs that one party must pay to another for management services provided under the agreement. Typically, this clause outlines the basis for calculating these charges, such as a fixed fee, a percentage of revenue, or reimbursement of specific expenses, and may specify payment intervals or invoicing procedures. Its core function is to ensure transparency and agreement on the financial obligations related to management services, thereby preventing disputes over payment and clarifying the cost structure for both parties.
MANAGEMENT CHARGES. The Landlord is entitled to include in the service charge:
(a) a reasonable fee for the provision of services where the services are not carried out by managing agents or others provided that such fee does not exceed 15% of total service charge costs;
(b) the reasonable cost of employing managing agents for the carrying out and provision of services under this Schedule 4 (Service charge provisions) provided that such fee does not exceed 15% of total service charge costs; and
(c) the reasonable cost of the accountants or auditors for auditing the service charge or providing other services in connection with the service charge.
MANAGEMENT CHARGES. The Landlord will be entitled to include in the Landlord’s Costs:
MANAGEMENT CHARGES. (i) the monthly management charges (which include normal air-conditioning charges) as set out in Part 2 of the Fourth Schedule hereto subject to increase in accordance with Clause 4.2 hereof; and
(ii) additional management charges (if any) payable by the Tenant pursuant to the Deed of Mutual Covenant for the use by the Tenant of those Common Facilities (as defined in the Deed of Mutual Covenant) of the Buildings which are not covered by the monthly management charges aforesaid and additional air-conditioning charges (if any) payable by the Tenant pursuant to the Deed of Mutual Covenant; and
MANAGEMENT CHARGES. 1. Management charges arising in a Contracting State and paid to an enterprise of the other Contracting State may be taxed in that other State.
2. However, such management charges may also be taxed in the Contracting State in which they arise and according to the laws of that State, but the tax so charged shall not exceed 5 percent of the gross amount of the charges.
MANAGEMENT CHARGES. The Landlord shall pay and the Tenant shall reimburse all fees, charges and other costs, including management, consulting, legal and accounting fees, of all persons engaged by the Landlord or otherwise reasonably incurred by the Landlord in connection with the management, and operation of the Building and the Premises in the sum of three percent (3%) of the annual Base Rent;
MANAGEMENT CHARGES. The Landlord shall be entitled to include in the Landlord’s costs:
8.1 a reasonable fee for the provision of Services, which shall include the reasonable and proper fees for employing managing agents for the carrying out and provision of Services but shall exclude any charge for the collection of rent; and
8.2 any reasonable and proper cost of the accountants, auditors or surveyors for auditing or certifying the Landlord’s Costs or providing other similar services in connection with the Landlord’s Costs.
MANAGEMENT CHARGES. The Management Charge that will be payable with effect from the commencement of the Term will be HK$124,902.00 per month (subject to review)
MANAGEMENT CHARGES. The Management Company shall be entitled to include in the Common Areas Service Charge a reasonable fee for the provision of the Common Area Services and any cost of the Management Company’s auditors for auditing the Common Areas Service Charge or providing other services in connection with the Common Areas Service Charge.
1. Whenever the Landlord regards it as necessary to cleanse, tidy renew, repair, maintain, replace or decorate the Retained Parts in good substantial repair and condition.
2. Supplying hot and cold water to any lavatory facilities in the Retained Parts.
3. Providing reasonable heating and lighting in the Retained Parts and providing air conditioning to the Retained Parts (if applicable).
4. Discharging all existing or future rates, taxes, duties, charges, assessments, outgoings and impositions levied in relation to the Retained Parts.
5. Inspecting, and maintaining in good working order and where necessary overhauling, decorating, redecorating, cleaning, treating, replacing, renewing and operating the plant and equipment and the Conduits is so far as they relate to the Retained Parts.
6. The Landlord shall if it is deemed reasonable and prudent to do so, provide for such sinking or reserve fund as the Landlord shall deem fit for the replacement and the renewal of the Retained Parts and the Landlord shall have power:
6.1 annually or at such other intervals as the Landlord may determine review the cost or prospective cost of such replacements and renewals with a view to allowing for all such additional or further costs and expenditures as may be attributable to the differential in the value of money or inflationary or other like trends and changing technology as between one date and another, and
6.2 to allow for all such amounts as may be determined on review in computing the contribution from time to time to the sinking or reserve fund provided however that this clause shall not impose upon the Landlord any obligations to provide for or continue to provide for, if already established, such sinking or reserve fund.
MANAGEMENT CHARGES. 1. The tax imposed by one of the Contracting States on payments made by an enterprise of that Contracting State to an enterprise of the other Contracting State for the provision of management and other personal, professional and technical services, where such payments are associated with services performed in the first-mentioned Contracting State by or on behalf of an enterprise of the other Contracting State shall not exceed 5% of the gross amount of such payments.
2. The provisions of paragraph (1) of this Article shall not apply if the enterprise to which the payments are made has in the Contracting State in which the payments arise a permanent establishment with which such payments are effectively connected. In such a case, the provisions of Article 7 shall apply.
MANAGEMENT CHARGES. 39.1. In consideration of the establishment and award of this Framework Agreement and the management and administration by the Authority of the same, the Supplier agrees to pay to the Authority the Management Charges in accordance with Clause 39.2.
39.2. The Authority shall be entitled to submit invoices to the Supplier in respect of the Management Charges due each Month based on the Management Information provided pursuant to Framework Schedule 8 (Management Information), and adjusted:
(a) in accordance with paragraph 5.4 of Framework Schedule 8 (Management Information) to take into account of any Admin Fee(s) that may have accrued in respect of the late provision of Management Information; and
(b) to take into account of any underpayment or overpayment as a result of the application of the Default Management Charge, pursuant to paragraph 6.6 of Framework Schedule 8 (Management Information).
39.3. Unless otherwise agreed in writing, the Supplier shall pay by BACS (or by such other means as the Authority may from time to time reasonably require) the amount stated in any invoice submitted under Clause 39.2 to such account as shall be stated in the invoice (or otherwise notified from time to time by the Authority to the Supplier) within thirty (30) calendar days of the date of issue of the invoice.
39.4. The Management Charges shall not be varied as a result of any discount or any reduction in the Charges due to the application of any deductions made under any Call Off Agreement.
39.5. The Management Charges shall be exclusive of VAT. In addition to the Management Charge, the Supplier shall pay the VAT on the Management Charges at the rate and in the manner prescribed by Law from time to time.
39.6. Interest shall be payable on any late payments of the Management Charges under this Framework Agreement in accordance with the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇.