Common use of Initial Lease-Up Fee Clause in Contracts

Initial Lease-Up Fee. Manager shall be entitled to receive a separate fee for the one-time initial rent-up or leasing-up of New Construction in an amount not to exceed one-month’s rent. For this purpose, a Redevelopment constituting a total rehabilitation shall be included in the term “New Construction.”

Initial Lease-Up Fee. In addition to the compensation paid to Manager under Section 4.1 above, Manager shall be entitled to receive a separate fee for the one-time initial rent-up or leasing-up of New Construction newly constructed Improvements in an amount not to exceed one-monththe fee customarily charged in arm’s rentlength transactions by others rendering similar services in the same geographic area for similar properties as determined by a survey of brokers and agents in such area. For this purpose, a Redevelopment constituting a total rehabilitation shall be included in the term “New Constructionnewly constructed.”

Initial Lease-Up Fee. Manager shall be entitled to receive a separate fee for the one-time initial rent-up or leasing-up of New Construction in an amount not to exceed one-month’s rentrent on existing properties or New Construction. For this purpose, a Redevelopment constituting a total rehabilitation shall be included in the term “New Construction”.”

Initial Lease-Up Fee. Manager shall be entitled to receive a separate fee for the one-time initial rent-up or leasing-up of New Construction in an amount not to exceed [one-month’s rent]. For this purpose, a Redevelopment constituting a total rehabilitation shall be included in the term “New Construction.”

Initial Lease-Up Fee. Manager shall be entitled to receive a separate fee for the one-time initial rent-up or leasing-up of New Construction in an amount not to exceed one-month’s 's rent. For this purpose, a Redevelopment constituting a total rehabilitation shall be included in the term “New Construction.”