Leasing Fee. Owner shall pay to Manager a four percent (4%) leasing commission on all new leases and two percent (2%) leasing commission on all renewals of Existing Leases. Any co-brokerage shall be considered by Owner on a case-by-case basis. Such commission shall be due upon payment by the applicable tenant of its first month’s rent under such new or renewed lease.
Appears in 3 contracts
Sources: Lease Agreement, Property Management and Leasing Agreement, Property Management and Leasing Agreement (CNL Healthcare Properties, Inc.)