Property Management Fees. If the Company retains the Advisor or its Affiliates to manage any of its Properties, the Company will pay the Advisor or its Affiliates in amounts that are usual and customary for comparable services rendered to similar Properties in the geographic market; provided, however, that the Conflict Committee must determine that such Property Management Fees are fair and reasonable and on terms and conditions not less favorable than those available from unaffiliated third parties. Property Management Fees will include the reimbursement of the specified cost incurred by the Advisor of engaging third parties for such services. However, the Property Management Fee may or may not be taken, in whole or in part, as to any year in the sole discretion of the Advisor. All or any portion of the Property Management Fees not taken as to any fiscal year shall be deferred without interest and may be paid in such other fiscal year as the Advisor shall determine. Notwithstanding the above, the Advisor may engage (on behalf of the Company) third parties to provide property management services pursuant to its authority under Article 4 and pay such third parties all applicable Property Management Fees.
Property Management Fees. For each real estate investment for which the Manager is acting as the property manager, a property management fee of four percent (4%) of Gross Receipts for the then current calendar month; however, the Company does not intend to charge such property management fee unless it is net of the fees being charged by another property manager of such asset of the project. Our Manager may, in its sole discretion, waive its property management fee, in whole or in part. The Manager will forfeit any portion of the property management fee that is waived.
Property Management Fees. The General Partner and/or its Affiliate(s) may enter into one or more separate property management agreements with the Partnership for the purpose of managing any real property holdings of the Partnership for a reasonable, fair market value fee.
Property Management Fees. With respect to any Real Estate for any period, the greater of (i) the actual property management fee paid during such period with respect to such Real Estate, and (ii) an imputed management fee in the amount of 2% of the gross revenues for such Real Estate for such period.
Property Management Fees. The General Partner, its Affiliates or unrelated third parties may provide property management services in connection with the Projects in exchange for fees not to exceed 4% of gross revenue on multi-tenant or multi-pad properties.
Property Management Fees. (a) Subject to Section 6.2(b) hereof, the Company may enter into separate property management agreements (the “Property Management Agreements”) with third parties, the Advisor or an affiliate of the Advisor for each Company property, pursuant to which the Advisor or its affiliate shall be entitled to receive fees for property management services at a rate for each property equal to 3% of gross revenues of such property with respect to office properties and 1% of gross revenues of such property with respect to industrial properties. Such Property Management Agreements may be terminated in the same manner as proscribed in Section 8.2 of this Agreement and shall contain commercially reasonable and customary terms for such arrangements.
(b) Notwithstanding the provisions of Section 6.2(a) hereof, the Company may only enter into a Property Management Agreement with respect to a property that is not net leased following expiration of the primary term of the lease or the date that a tenant terminates the lease.
Property Management Fees. The Company shall pay to the Property Manager the fees set forth in the Property Management Agreement in accordance with the terms and subject to the conditions set forth in the Property Management Agreement.
Property Management Fees. In the event of a Transfer of the Security Property to the Lenders or a Transfer Entity, CRCC may act as the sole property manager for the Security Property or may engage a third party property manager to provide all or a portion of such management services at the direction of CRCC. If CRCC acts as the property manager for the Security Property, it shall, in addition to the Management Fee payable pursuant to Section 6, be entitled to receive a property management fee in an amount equal to the fees that are usual and customary for such services for similar properties in the area where the Security Property is located. Such fees shall be reduced on a dollar for dollar basis by any property management fees payable to third parties providing such services at the Servicer’s direction.
Property Management Fees. In the event any of the Advisees determines to retain the Advisor and its Affiliates to provide property management services for its properties, the Advisor or its Affiliates shall provide property management services at rates and on terms no less favorable to the Advisees than those customary for similar services, if they have such knowledge of and experience in managing properties in the area. With respect to residential properties, such fee (including all rent-up, leasing, and re-leasing fees and bonuses paid to any Person) shall not exceed 5% of the gross revenues from such properties and with respect to all other properties, such fee shall not exceed 6% of the gross revenues where the Advisor or its Affiliates provide leasing, re-leasing and leasing related services, and 3% of gross revenues where the Advisor or its Affiliates do not provide such services. Notwithstanding the foregoing, the Advisor may be entitled to receive higher fees in the event the Advisor can demonstrate to the satisfaction of the Board of Directors through empirical data that a higher competitive fee is justified for the services rendered and the type of property. Where the Advisor or its Affiliates provide property management services, property management fees payable to unaffiliated parties will be paid out of the fees paid to the Advisor or its Affiliate. Property management fees shall be payable monthly.
Property Management Fees. For services rendered by Manager pursuant to this Agreement, Landlord shall pay to Manager, on a monthly basis, an amount equal to: Four percent (4%) of the total gross rent collected for the Property.
