Examples of Room Rental in a sentence
Gross Room Rental Revenue shall only include payments made by Resort Guests for the use and occupancy of the room(s) in the Residence and shall not include any add on fees charged by the Hotel Operator such as Resort Fees, F&B or other fees charged separately by the Hotel Management Company.
Owner will pay Operator fifty percent (50%) of the Gross Room Rental Revenue (after deducting the Hotel Service Fee) that the Residence generates as a result of the Operator’s direct marketing and operating efforts, which covers all costs and expenses of the daily operation for Rental Guests.
FF&E Reserve Fund (Furniture, Fixtures & Equipment): 5% of Gross Room Rental Revenue.
Furthermore, Gross Room Rental Revenue shall only include payments made by Resort Guests for the use and occupancy of the room(s) in the Residence and shall not include any add on fees charged by the Hotel Operator such as Resort Fees, phone service fees, internet fees and other fees charged separately by the Hotel Management Company.
Owner will pay Operator a ten percent (10%) of the Gross Room Rental Revenue for the operational services provided by Operator.
Initial Term: 36 Months Renewal Term: Automatic 36 Months Hotel Service Fee: 10% of Gross Room Rental Revenue Rental Manager’s (Rental Fee): From the Gross Room Rental Revenue (after deducting the Hotel Service Fee) 50% Owner’s Share (Owner Revenue): From the Gross Room Rental Revenue (after deducting the Hotel Service Fee) 50%.
Room Rental Agreement Room Usage Info Room renters will be given fifteen minutes before and after contracted time for setup and take down.