Property Management Fee. As compensation for day-to-day management services provided, the Manager and/or an affiliated or third-party property managers will receive property management fees at Market Rate calculated on the monthly gross income from the Properties (“Property Management Fee”) in addition to the costs of all expenses related to the operation and maintenance of the Properties. These fees will be payable monthly, or at such later time as the Manager may determine in its sole discretion.
Appears in 3 contracts
Samples: Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Operating Agreement
Property Management Fee. As compensation for day-to-day management services provided, the Manager and/or an affiliated or third-party property managers will receive property management fees at Market Rate calculated on the monthly gross income from the Properties (“Property Management Fee”) in addition to the costs of all expenses related to the operation and maintenance of the Properties. These fees will be payable monthly, or at such later time as the Manager may determine in its sole discretion.
Appears in 2 contracts
Samples: Operating Agreement (Central Park Fund 1, LLC), Operating Agreement (Central Park Fund I, LLC)
Property Management Fee. As compensation for day-to-day management services provided, the Manager and/or an affiliated or third-party a property managers manager will receive a property management fees fee at Market Rate calculated on the monthly gross income from the Properties (“Property Management Fee”) in addition to the costs of all expenses related to the operation and maintenance of the Properties. These fees will be payable monthly, or at such later time as The Property Management Fee shall go to the Manager may determine in or its sole discretiondesignated assignee unless a third-party property manager is contracted.
Appears in 1 contract
Property Management Fee. As compensation for day-to-day management services provided, the Manager and/or an affiliated or third-party property managers will receive property management fees at Market Rate calculated on the monthly gross income from the Properties (“Property Management Fee”) in addition to the costs of all expenses related to the operation and maintenance of the Properties. These fees will be payable monthly, or at such later time as the Manager may determine in its sole discretion.
Appears in 1 contract
