RE-LEASING FEE Sample Clauses
The RE-LEASING FEE clause defines the landlord's right to charge a fee to the tenant if the tenant ends the lease early and the landlord must find a new occupant. Typically, this fee covers the administrative costs and efforts involved in advertising, showing the property, and processing a new lease agreement. Its core function is to compensate the landlord for the time and resources spent re-leasing the property, while also discouraging tenants from breaking the lease without considering the financial consequences.
RE-LEASING FEE. If RESIDENT fails to occupy unit for the original term of the lease for any reason including, but not limited to, eviction by OWNER, RESIDENT agrees to pay OWNER a fee equal to one full month’s rent as liquidating damages to cover the administrative and advertising cost to re-lease said unit. This is in addition to any other money due OWNER.
RE-LEASING FEE. Each time the Property is leased to a new tenant after the completion of the initial lease term initiated by Broker of 13-months or less (395 Days), Owner will pay Broker the greater of $ minimum leasing fee or % of one full month’s rent. If the property is being leased to a new tenant after the completion of an initial lease term initiated by Broker of 13-months or longer (396 days), the leasing fee described in section 8(d) in this agreement will apply.
RE-LEASING FEE. For services rendered, the Partnership shall pay the applicable Re-Leasing Fee to the General Partner in connection with the re-lease of Equipment; provided that the following conditions are met:
(i) the General Partner has maintained adequate staff to provide re-leasing services;
(ii) the fee shall be paid as each rental payment is made over the term of the Lease;
(iii) no fee shall be paid or reimbursed where the Equipment is re-leased to the previous lessee or its Affiliates;
(iv) the General Partner or its Affiliates shall have rendered substantial re-leasing services in connection with the re-lease; and
(v) the General Partner or its Affiliates have been paid Management Fees that month for rendering management services.