PROPERTY MANAGER COMPENSATION Sample Clauses

PROPERTY MANAGER COMPENSATION. In consideration of the services rendered by PROPERTY MANAGER, OWNER agrees to pay PROPERTY MANAGER the following forms of compensation: a. FOR SET-UP/ORIGINATION – a fee of $ to be paid at the time of execution of the contract for any vacant properties. This fee is charged only if a vacant property is acquired when this property management agreement is signed or if a tenant moves out or is evicted and a new tenant has to be located to occupy the property. The $ will be deducted 100% from the tenants first months rent payment. b. FOR MANAGEMENT (Percent of Gross Management Fee) - a fee equal to of gross receipts collected including all sums collectible under any leases. Management Fee is not due from the property owner / client if rent payment is not collected from the tenant during any given month. In addition to the management fee a $ fee will be charged EACH YEAR to cover the cost of two property inspections per year. These are very detailed inspections and a copy of these inspection results will be provided to both the property owner and tenants upon completion. There is no charge if additional inspections are done over and above the two per year.