Property Management Services. Xxxxx Holdings will market the Property and solicit tenants to rent the Property, coordinate the maintenance and upkeep of the Property, and otherwise manage (or arrange for the management of) the Property.
Property Management Services. (i) Manage, operate, lease and maintain all properties or hire third parties or Affiliated Entities to do the same;
Property Management Services a. Collect Rent;
Property Management Services. The General Partners shall cause the Partnership to employ a property management company (which may be an Affiliate of the General Partners) to perform professional property management and leasing services for the Partnership. In the event the property management company is an Affiliate of the General Partners, the compensation payable to such Affiliate shall be equal to the lesser of (a) fees which are competitive for similar services in the same geographic area, or (b) four and one-half percent (4.5%) of Gross Revenues of the properties managed. In the case of industrial and commercial properties which are leased on a long-term (ten or more years) net lease basis, the maximum property management fee from such leases shall be one percent (1%) of Gross Revenues, except for a one time initial leasing fee of three percent (3%) of Gross Revenues on each lease payable over the first five full years of the original term of the lease. As used herein, the term “net lease” shall mean a lease which requires the tenant to coordinate and pay directly all real estate taxes, sales and use taxes, utilities, insurance and other operating expenses relating to the leased property. Included within such fees should be bookkeeping services and fees paid to non-related Persons for property management services. In addition, the Partnership will also pay 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 by others rendering similar services in the same geographic area except to the extent such compensation is specifically included in the foregoing property management fees. The Partnership may also pay to non-affiliated third party leasing agents leasing fees for procuring tenants and negotiating the terms of tenant leases. In no event may the aggregate of all property management and leasing fees paid to Affiliates of the General Partners exceed six percent (6%) of Gross Revenues. The foregoing limitation will include all leasing, re-leasing and leasing related services provided, however, that such limitation is not intended to preclude the charging of a separate competitive fee for the one-time initial rent-up or leasing-up of a newly constructed property or total rehabilitation of a property if such service is not included in the Purchase Price of the Partnership Property.
Property Management Services. (a) Service Provider shall provide to CEOC (and, at the request of CERP, shall provide to CERP) property management services of the type provided by CEOC to CEOC’s own properties owned and/or managed by CEOC or its Affiliates prior to the Original Effective Date.
Property Management Services. The Advisor shall provide or arrange for the provision of property management services for each property owned by the Operating Partnership. The compensation for the performance of property management services shall be based on competitive rates in the area in which a property is located but shall not exceed 6% of gross revenues.
Property Management Services. Agent shall operate, manage and maintain the property described herein pursuant to ORS Chapter 696 and OAR Chapter 863. For the purpose of this agreement Agent and Owner hereby define property management services to include the following: (a) Day-to-day tenant relations; (b) Tenant screening services; (c) Property marketing; (d) Collection of rent; (e) Processing of monthly and yearly accounting statements; (f) Administrative and record maintenance services; (g) Annual property inspections; (h) Leasing services; (i) Coordination of tenant maintenance requests.
Property Management Services. Altisource will manage property conditions and defects for all Retail Properties as follows:
Property Management Services. Gyrodyne shall or, subject to reimbursement pursuant to Article 8, shall retain other Persons to (but shall remain responsible to GSD):
Property Management Services. Landlord shall provide directly or shall retain an experienced property manager to provide property management services consistent with the level of service provided in comparable class A office buildings in the general area.
