Property Management Fee definition

Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

Property Management Fee shall equal three percent (3%) of Base Rent due from Tenant. Tenant shall pay the Property Management Fee in accordance with Section 9.2 with respect to the entire Term, including any extensions thereof or any holdover periods, regardless of whether Tenant is obligated to pay Base Rent, Operating Expenses or any other Rent with respect to any such period or portion thereof.

Property Management Fee. A fee for property management services rendered by the Advisor or its Affiliates in connection with Properties acquired directly or through foreclosure.

Examples of Property Management Fee in a sentence

The actual amount of Property Management Fee for each Series cannot be determined at this time, as these fees are dependent upon the location and value of each Series Property.
The Property Management Fee will be determined based on prevailing market rates and will be negotiated with a local property manager on a case-by-case and arms’ length basis.
The Property Management Fee shall generally equal to an annualized rate of Five Percent (5%) to Seven Percent (7%) of the monthly gross rents received from the Series Property and calculated as an expense within each Series.
In certain circumstances the nature of the property management needs may be different from one Series Property to another, such as a Series property being operated a short-term rental, and in these cases the Property Management Fee will be set at a rate that is negotiated with a third-party property manager, which generally ranges anywhere from Twenty Percent (20%) to Forty Percent (40%) of the monthly gross rents received.

Property Management Fee means any fee paid to an Affiliate or third party as compensation for management of the Company's Properties as described in Section 9(c).

Property Management Fee. As defined in the Property Management Agreement.

Property Management Fee shall equal three percent (3%) of Rent due from Tenant. Tenant shall pay the Property Management Fee (on a monthly basis) in accordance with Section 9.2 with respect to the entire Term, including any extensions thereof or any holdover periods, regardless of whether Tenant is obligated to pay Base Rent, Operating Expenses or any other Rent with respect to any such period or portion thereof. For the first three (3) months of the Term (and any period of occupancy prior to the Term as further described in Section 9.5), the Property Management Fee shall be calculated as if Tenant were paying Thirty-Eight Thousand Three Hundred Sixty-Seven and 45/100 Dollars $38,367.45 per month for Base Rent.

Property Management Fee means the management fee payable to each Property Manager pursuant to the applicable management agreement.

Property Management Fee shall equal three percent (3%) of the Base Rent due from Tenant.

Property Management Fee shall have the meaning provided in Section 9.7.

Property Management Fee shall equal two percent (2%) of the Basic Annual Rent due from Tenant.