Property Acquisition Fee Clause Samples
A Property Acquisition Fee clause defines the fee payable to a party, typically an asset manager or sponsor, for their role in sourcing, evaluating, and securing a property on behalf of an investor or investment group. This fee is usually calculated as a percentage of the property's purchase price and is paid at the time of acquisition. The core function of this clause is to compensate the responsible party for their expertise and efforts in identifying and closing on suitable investment properties, ensuring transparency and alignment of interests between the parties involved.
Property Acquisition Fee. When the Company acquires an interest in real estate, the Manager will be entitled to a fee equal to one and one half percent (1.5%) of the cost of such real estate.
Property Acquisition Fee. The General Partner or its Affiliates shall receive a Property Acquisition Fee equal to 1.75% of the Purchase Price of each Property.
Property Acquisition Fee. As a fee for the services performed by Manager in acquiring the Property, Owner agrees to pay Manager, a fee (the “Property Acquisition Fee”) in an amount equal to One Million Five Hundred Sixty Thousand Dollars ($1,560,000) payable on the closing of the acquisition of the Property (it being understood that no such Property Acquisition Fee shall be payable by Owner to Manager unless and until the closing of the acquisition of the Property has occurred).