Renewals; Extensions. As additional compensation, if Manager negotiates a renewal or extension of a Tenant Lease, Manager shall be entitled to a fee of Three percent (3%) of net rent for years 1 through 5 and one half percent (1.5%) of net rent for the balance of the lease term.
Appears in 2 contracts
Sources: Property Management Agreement (West Coast Realty Trust, Inc.), Property Management Agreement (West Coast Realty Trust, Inc.)