Termination for Fee Sample Clauses

Termination for Fee. At any point in the course of this contract the Owner may notify of the intent to remove one or all their Residences from the Services under this agreement by paying a termination fee. Such fee shall equal the greater of 10% of the Residence Acquisition Basis or the Residence Disposition Basis. Upon such termination Acre shall make reasonable efforts to accommodate the transition to a new property manager for the Residence if requested by the Owner. The “Residence Acquisition Basis” is defined as the purchase price paid by Owner for the Residence, plus the cost of any required deferred maintenance, remediation, and/or rehabilitation performed and paid for by Owner in conjunction with the purchase, plus the direct transaction costs paid by Owner in conjunction with the purchase.