Management Fees definition
Examples of Management Fees in a sentence
Any fees paid to the Advisor’s affiliates for any such services will not reduce the Management Fees.
If any audit of the records, books or accounts relating to the Properties discloses an overpayment or underpayment of Management Fees, the Owner or the Manager shall promptly pay to the other party the amount of such overpayment or underpayment, as the case may be.
If such audit discloses an overpayment of Management Fees for any fiscal year of more than the correct Management Fees for such fiscal year, the Manager shall bear the cost of such audit.
As described in Section 2.6 above, in the event that the Manager properly engages one or more third parties to perform the services described herein, the fees payable to such parties for such services will be deducted from the Management Fees, or paid directly by the Manager, at the Manager’s option.
The Manager agrees that the Property Management Fees, Leasing Commissions or Construction Management Fees that the Company shall be obligated to pay (and the corresponding agreements to be entered into with the Company) will not exceed the amount of the Property Level Fees.