Common use of Property Accounting Fee Clause in Contracts

Property Accounting Fee. The Advisor may provide Property Accounting Services for any Real Property owned by the Company or Real Property in which the Company otherwise has an interest, such as through a joint venture. In exchange for Property Accounting Services provided by the Advisor, the Company shall pay the Advisor the difference between: (i) the property management fee charged with respect to each Real Property (the “Property Management Fee”), which reflects the market rate for all Real Property management services, including Property Accounting Services, based on rates charged for similar properties within the region or market in which the Real Property is located, and (ii) the amount actually paid to third-party property management firms for property management services, which excludes Property Accounting Services, which fee is based on an arms-length negotiation with a third-party property management service provider (the difference between (i) and (ii), the “Property Accounting Fee”). The tenant or tenants at each Real Property may reimburse the Company for all or a portion of the Property Management Fee.

Property Accounting Fee. The Advisor may provide Property Accounting Services for any Real Property owned by the Company Corporation or Real Property in which the Company Corporation otherwise has an interest, such as through a joint venture. In exchange for Property Accounting Services provided by the Advisor, the Company Corporation shall pay the Advisor the difference between: (i) the property management fee charged with respect to each Real Property (the “Property Management Fee”), which reflects the market rate for all Real Property management services, including Property Accounting Services, based on rates charged for similar properties within the region or market in which the Real Property is located, and (ii) the amount actually paid to third-party property management firms for property management services, which excludes Property Accounting Services, which fee is based on an arms-length negotiation with a third-party property management service provider providers (the difference between (i) and (ii), the “Property Accounting Fee”). The tenant or tenants at each Real Property may reimburse the Company Corporation for all or a portion of the Property Management Fee.

Property Accounting Fee. The Advisor may provide Property Accounting Services for any Real Property owned by the Company Corporation or Real Property in which the Company Corporation otherwise has an interest, such as through a joint venture. In exchange for Property Accounting Services provided by the Advisor, the Company Corporation shall pay the Advisor the difference between: (i) the property management fee charged with respect to each Real Property (the “Property Management Fee”), which reflects the market rate for all Real Property management services, including Property Accounting Services, based on rates charged for similar properties within the region or market in which the Real Property is located, and (ii) the amount actually paid to third-party property management firms for property management services, which excludes Property Accounting Services, which fee is based on an arms-length negotiation with a third-party property management service provider providers (the difference between (i) ​ and (ii), the “Property Accounting Fee”). The tenant or tenants at each Real Property may reimburse the Company Corporation for all or a portion of the Property Management Fee.