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. 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 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. 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. 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. 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. (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.
Property Management Fees. (a) As consideration of the performance by Property Manager of all of its property management obligations under this Agreement, Owner agrees to pay to Property Manager a property management fee of Two and one-half percent (2.5%) of monthly Gross Income (as hereinafter defined), from the operation of the Property during the period this Agreement remains in full force and effect. The term “Gross Income” for the purposes of this Agreement is defined as all receipts of every kind and nature actually collected from the operation of the Property, determined on a cash basis, including without limitation, all rental or lease payments, proceeds (including but not limited to tenant payments for real estate taxes, common area maintenance expenses, and insurance premiums, but excluding late fees and cancellation or penalty payments for termination rights), vending machine collections, service charges, rental interruption insurance, and an administrative charge for common area expenses, if allowed under the tenant leases, and all other forms of miscellaneous income. Gross Income shall not include (i) any amounts which are billed and/or owing until such amounts are actually paid to Owner; (ii) deposits such as security, utility and/or for damages until the forfeiture of any deposit and its payment to Owner in the form of rent (as opposed to being in compensation for other damages suffered by Owner); (iii) interest on bank accounts; (iv) proceeds from the sale of any part or all, or refinancing of the Property; (v) insurance dividends or proceeds; (vi) any trade discounts and/or rebates received in connection with the operation and maintenance of the Property and/or purchase of personal property; (vii) condemnation awards or payments; or (viii) amortization for tenant work or amounts separately enumerated in leases, and/or tenant work letters to be paid to Owner to reimburse it for tenant improvements or reimbursements for additional services, repairs or improvements and/or such other additional income Owner and Property Manager mutually agree to eliminate.
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.
