Rent and Property Management Fees Sample Clauses

Rent and Property Management Fees. (1) Rent In consideration of using the Object leased, the Lessee shall pay the following rent: First year (leap year): Rent standard: RMB 11/day/m2 Annual rent: RMB 41,955,227.88 Monthly rent: RMB 3,496,268.99 Second year: Rent standard: RMB 11/day/m2 Annual rent: RMB 41,840,596.08 Monthly rent: RMB 3,486,716.34 Third year: Rent standard: RMB 11/day/m2 Annual rent: RMB 41,840,596.08 Monthly rent: RMB 3,486,716.34 (Calculated based on the lease area specified in Article 2 above at the unit price of RMB11/day/m2, to be settled in Renminbi) (2) Property management fees Subject to the XXXX.XXX Internet Plaza Office Building Property Services Agreement (subject to the name of the agreement finalized) entered into by and between the Lessee and the property management company designated by the Lessor.
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Rent and Property Management Fees. (1) Rent In consideration of using the Object leased, the Lessee shall pay the following rent: Rent standard: RMB 264.62/month/m2 Monthly rent: RMB 2,914,887.21 (Calculated based on the lease area specified in Article 2 above at the unit price of RMB264.62/month/m2, to be settled in Renminbi) (2) Property management fees Subject to the XXXX.XXX Internet Plaza Office Building Property Services Agreement (subject to the name of the agreement finalized) entered into by and between the Lessee and the property management company designated by the Lessor.
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Rent and Property Management Fees. 3.1 During the Lease Term and the Renovation Period, the Rent is RMB 300.00 Yuan per square meter (construction area) per monxx (xxxxxx xxxxxxx xxxx xxx xxxxxxxx). Xxx xxxxxxx xxnt is RMB 196,899.00 Yuan.
Sample 1
Rent and Property Management Fees. To pay the Rent the Property Management Fees and the handling charge of the cheques remittance or bank transfer on the first day of each and every calendar month (hereinafter the “Due Date”) (in the event that the first day in that calendar month is a statutory rest day or festival and holiday, the Due Date shall be the last working day in the preceding calendar month) or before and in the manner provided in the Schedule hereto in advance clear of all deduction, set-off or withholding by way of cheques of immediate value drawn in favour of “Bluewater Property Management Co., Ltd.” or by remittance or bank transfer to the bank account designated by the Landlord in writing from time to time. If the Commencement Date and The Expiry Date do not respectively fall on the first or the last day of the calendar month, the monthly payments to be made for the month in which the Commencement Date or the Expiry Date falls shall be a multiple of the number of days included in the first and last months of the Term and the daily Rent and/or daily Property Management Fees. The Property Management Fees shall include without limitation all contributions towards the cost of the Landlord and/or its property management company of the Building (“the Property Management Company”) for and in providing central air-conditioning and heating, maintaining environmental hygiene of the Building including garbage disposal (excluding business or trade wastes of the Tenant), installing and maintaining common facilities, providing water, electricity and communication services for use in the common areas, public liability insurance, fire insurance and such other insurance necessary against risks for managing the common areas of the Building, remuneration and other benefits for security guards and other property management personnel (including consultation fees payable to professionals where necessary) and administration cost (including the remuneration of the Property Management Company) and any other building services provided by the Landlord and/or the Property Management Company. The Landlord shall be entitled to prepare or revise the budget for the Property Management Fees periodically and any readjustment of the Property Management Fees, if any, shall be notified in writing to the Tenant and shall take effect from the date specified in such notice.
Sample 1
Rent and Property Management Fees. (1) Rent In consideration of using the Object leased, the Lessee shall pay the following rent: Rent standard: RMB 11/day/m2 Annual rent: RMB 26,514,752.88 Monthly rent: RMB 2,209,562.74 Second year: Rent standard: RMB 11/day/m2 Annual rent: RMB 26,442,308.28 Monthly rent: RMB 2,203,525.69 Third year: Rent standard: RMB 11/day/m2 Annual rent: RMB 26,442,308.28 Monthly rent: RMB 2,203,525.69 (Calculated based on the lease area specified in Article 2 above at the unit price of RMB11/day/m2, to be settled in Renminbi) (2) Property management fees Subject to the XXXX.XXX Internet Plaza Office Building Property Services Agreement (subject to the name of the agreement finalized) entered into by and between the Lessee and the property management company designated by the Lessor.
Sample 1

Related to Rent and Property Management Fees

  • Property Management Fee For its services in managing the day-to-day operations of the Property in accordance with the terms of this Agreement, Company shall pay to Property Manager an annual property management fee (the “Property Management Fee”) equal to 4.0% of the Gross Revenue (as hereinafter defined). The Property Management Fee shall be prorated for any partial year and shall be payable in equal monthly installments, in advance. The Property Management Fee shall be payable on the first day of each month from the Operating Account or from other funds timely provided by the Company. Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination. For purposes of this Agreement, the term “Gross Revenue” shall mean all gross collections from the operations of the Property, including, without limitation, rental receipts, late fees, application fees, pet fees, damages, lease buy-out payments, reimbursements by Tenants for common area expenses, operating expenses and taxes and similar pass-through obligations paid by Tenants, but shall expressly exclude (i) security deposits received from Tenants and interest accrued thereon for the benefit of the Tenants until such deposits or interest are included in the taxable income of the Company; (ii) advance rents (but not lease buy-out payments) until the month in which payments are to apply as rental income; (iii) reimbursements by Tenants for work done for a particular Tenant; (iv) proceeds from the sale or other disposition of all or any portion of the Property; (v) insurance proceeds received by the Company as a result of any insured loss (except proceeds from rent insurance or the excess of insurance proceeds for repairs over the actual costs of such repairs); (vi) condemnation proceeds not attributable to rent; (vii) capital contributions made by the Company; (viii) proceeds from capital, financing and any other transactions not in the ordinary course of the operation of the Property; (ix) income derived from interest on investments or otherwise; (x) abatement of taxes, awards arising out of takings by eminent domain and discounts and dividends on insurance policies; and (xi) rental concessions not paid by third parties.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Property Management Borrower will provide for professional management of the Mortgaged Property by the Property Manager at all times under a property management agreement approved by Lender in writing. Borrower will not surrender, terminate, cancel, modify, renew or extend its property management agreement, or enter into any other agreement relating to the management or operation of the Mortgaged Property with Property Manager or any other Person, or consent to the assignment by the Property Manager of its interest under such property management agreement, in each case without the consent of Lender, which consent will not be unreasonably withheld.

  • Rent and Operating Expenses Section 4.1 Basic Rent Section 4.2 Operating Expenses Section 4.3

  • Tenant Leases As of the Effective Date, the Property Owner is the lessor or landlord or the successor lessor or landlord under the Tenant Leases, and as of the Closing Date, the Company will be the lessor or landlord or the successor lessor or landlord under the Tenant Leases. The Lease Schedule/Rent Roll is true, accurate and correct in all material respects with respect to (i) the description of the Tenant Leases; (ii) to Property Owner's knowledge, the identities of the Tenants under the Tenant Leases; (iii) the space occupied by the Tenants; (iv) the expiration dates of the Tenant Leases; (v) the monthly base rental payable thereunder; (vi) unpaid Leasing Costs; (vii) commissions; (viii) the Tenant Security Deposits, and (ix) the Lease/amendments dates. Except as set forth on the Lease Schedule/Rent Roll, the Tenant Leases are in full force and effect and have not been modified. There are no written or oral promises, understandings or commitments between Property Owner and any Tenant other than those contained in the Tenant Leases. To Property Owner's knowledge, none of the Tenants have asserted any defense, set-off or counterclaim or raised any dispute with regard to its tenancy or its Tenant Lease. Except as set forth in the Lease Schedule/Rent Roll, there are no other leases or occupancy agreements to which Property Owner or the Company is a party affecting the Property, no rents under any of the Tenant Leases have been prepaid for more than one month, and there are no arrears in the payment of rents for than one month. Other than Leasing Costs pursuant to the Pending Transactions and other than the Tenant Leases or expansions or renewals between the Effective Date and Closing which have been approved by CBL/OP, there are no Leasing Costs for which CBL/OP or the Company shall become liable or that shall constitute a lien on the Property after Closing. Property Owner has delivered to CBL/OP a true, correct and complete copy of all Tenant Leases (including all amendments thereto).

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • RENT AND CHARGES Each Lessee will pay Rent and certain other charges on a monthly basis as set forth in this Section 5:

  • Rents Rents shall be prorated as of midnight of the day immediately preceding the Closing Date. Without otherwise limiting the foregoing, Seller shall be entitled to all rents (including any percentage rent and any accrued tax and operating expense escalations, subject to the provisions of SECTION 5.6), charges, and other revenue of any kind attributable to any period under the Leases to but not including the Closing Date. Buyer shall be entitled to all rents (including any percentage rent and any accrued tax and operating expense escalations, subject to the provisions of SECTION 5.6), charges and other revenue of any kind attributable to any period under the Leases on and after the Closing Date. Rents and expense escalations or other reimbursements due landlord under the Leases not collected as of the Closing Date shall not be prorated at the time of Closing, but Buyer shall make a good faith effort to collect the same on Seller's behalf (which obligation of Buyer shall survive the Closing), and to tender the same to Seller upon receipt, provided that all rents, escalations and other reimbursements due landlord under the Leases collected by Buyer on or after the Closing Date shall first be applied to all amounts due under the Leases at the time of collection (i.e., current rents and sums due Buyer as the current owner and landlord) with the balance (if any) payable to Seller, but only to the extent of amounts delinquent and actually due Seller. Buyer shall not have an exclusive right to collect the sums due Seller under the Leases and Seller hereby retains its rights to pursue any tenant under the Leases for sums due Seller for periods attributable to Seller's ownership of the Property; provided, however, that Seller shall not without Buyer's prior written consent, which may be withheld for any reason or for no reason, cause any Lease to be terminated as a result of any default by any tenant under its Lease. Buyer shall receive a credit against the Purchase Price for all security deposits and pre-paid rentals held by Seller covering the period post-Closing. To the extent assignable, Seller shall assign to Buyer any security deposits held by Seller at Closing.

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