For Management Services. Three and One-Half percent (3.5%) of the total monthly gross receipts from the Project. Such compensation shall be payable by the first day of the next succeeding month for the monthly gross receipts for the current month. Payments due Pinnacle for periods of less than a calendar month shall be prorated over the number of days for which compensation is due.
For Management Services. Rancon shall pay Glenborough, on a monthly basis, in arrears, a Property Management Fee equal to 3% of Gross Rental Revenue and a Construction Services Fee, due upon substantial completion of each project, in accordance with the following schedule: from zero to $25,000 no fee (if a permit is not required) from $25,001 to $350,000 5% of total costs from $350,001 to $750,000 2.5% of total costs from $750,001 and above 1% of total costs
For Management Services. The greater of (i) $ per month or (ii) % of the total monthly gross receipts from the Premises, payable by the 25th day of the current month for the duration of this Agreement. Payments due Agent for periods of less than a calendar month shall be prorated over the number of days for which compensation is due. The percentage amount set forth in (ii) above shall be based upon the total gross receipts from the Premises during the preceding month. The term “gross receipts” shall be deemed to include all rents and other income and charges from the normal operation of the Premises, including, but not limited to, rents, parking fees, laundry income, forfeited security deposits, pet deposits, other fees and deposits, and other miscellaneous
For Management Services. The greater of (i) $ per month or (ii) % of the total monthly gross receipts from the Premises, payable by the 25th day of the current month for the duration of this Agreement. Payments due Agent for periods of less than a calendar month shall be prorated over the number of days for which compensation is due. The percentage amount set forth in (ii) above shall be based upon the total gross receipts from the Premises during the preceding month. The term “gross receipts” shall be deemed to include all rents and other income and charges from the normal operation of the Premises, including, but not limited to, rents, parking fees, laundry income, forfeited security deposits, pet deposits, other fees and deposits, and other miscellaneous income. Gross receipts shall NOT be deemed to include the special charges listed in paragraph 3.2, or excess interest on security deposits (from paragraph 3.3), or income arising out of the sale of real property or the settlement of fire or other casualty losses and items of a similar nature.
For Management Services. The greater of (i) $75.00 per month or (ii) 8% of the total monthly gross rentals due the Landlord from the Premises for properties managed by ROW Real Estate Services, payable by the 6th business day of the month for the duration of this Agreement. Payments due the Agent for periods of less than a calendar month shall be prorated over the number of days for which the compensation is due. If Tenant pays rent late AND tenant was approved and placed in the property by the Agent, the Agent will advance rent proceeds to the Landlord to ensure deposits are made by the 6th business day of the month and agent will collect rent and associated late fees to reimburse Agent.
For Management Services. The Association shall pay Agent a management fee of $1,830 per month, exclusive of any additional fees or charges set forth on Exhibit A. The management fee shall be paid monthly in advance. The management fee shall be adjusted annually upon approval by the Board of the Annual Budget, which adjustment shall be incorporated into this Agreement by reference. No further charge shall be made by Agent for Agent's services and other services of Agent's professional staff, except as otherwise expressly provided in this Agreement. Out-of-pocket expenses incurred by Agent in the preparation and circulation of newsletters and meeting minutes of the Association shall be at the Association's expense, including printing, postage and similar expenses.
For Management Services. A monthly management fee of _% of the gross monthly rental income for the Premises, due and payable on the first day of each month, and continuing on the first day of each month so long as this Agreement remains in force. Payments due the Agent for periods of less than a calendar month shall be prorated over the number of days for which compensation is due. Landlord shall pay Agent a flat fee of $50 per month for any month in which no rental income is received for the Premises. This management fee shall cover the following services, which are deemed “normal” management services for the purposes of this Agreement: ⮚ Monthly rent collection with disbursements ⮚ E-mail electronic or paper monthly statements ⮚ End-of-year summary with Form 1099 ⮚ Pre/post-occupancy inspections & annual occupancy inspections ⮚ Coordinating, scheduling, and overseeing routine maintenance ⮚ E-mail, facsimile, and telephone communication ⮚ Responding to and coordinating, scheduling, and overseeing emergency repairs
For Management Services. Nine Hundred and Fifty Dollars ($750.00) per month, payable in advance on the first day of each month. Payments due Agent for periods of less than a calendar month shall be prorated over the number of days for which compensation is due.
For Management Services. Owner shall pay to Manager, and Manager agrees to accept a property management fee (“Manager Property Management Fee”) equal to the following: (a) for the first three (3) months of the Term, Five Thousand Five Hundred Dollars ($5,500.00) per month, and (b) thereafter, an amount equal to the greater of (i) two percent (2.0)%) of Gross Revenues from the Project per month, or (ii) Eleven Thousand Dollars ($11,000.00) per month. In addition, to the foregoing, the Manager Property Management Fee shall include a payment to Manager by Owner of One Thousand Three Hundred Seventy-Five Dollars ($1,375.00) per month for the fourth (4th) through fifteenth (15th) months of the Term. “Gross Revenues” shall be all receipts collected by Owner from the operations of the residential portion of the Project, including rental receipts, rent supplement receipts, receipts from vending and other coin operated machines, interest received on the amounts deposited in the security deposits account (to the extent permitted by law to be retained by Owner), sale of key replacements, notary fees, copies for residents, bad check fees, and reimbursements by residential tenants for common area expenses, operating expenses and taxes, but excluding (1) security deposits received from tenants until such deposits are applied for rental payments, (2) reimbursement by tenants for work done for that particular tenant, (3) proceeds from the sale or other disposition of all or any part of the Project, (4) insurance proceeds received by the Owner as a result of any insured loss (except proceeds from rent insurance), (5) condemnation proceeds, (6) capital contributions made by any partner of Owner, (7) proceeds from capital, financial and any other transaction not in the ordinary course of the operation of the Project and (8) any revenue from any non-residential components of the Project, including, without limitation, any retail, office, garage or parking component of the Project. The Manager will be compensated for its service by monthly fees outlined above paid in arrears on the 1st day of each month.
For Management Services. (a) A base fee (“Base Fee”) of Three percent (3%) of the total monthly Gross Monthly Collected Income, payable by the 10th day of each month for the duration of this Agreement. Payments due Agent for periods of less than a calendar month shall be prorated over the number of days for which compensation is due. The Base Fee shall be calculated based upon the total Gross Monthly Collected Income during that accounting month including, but not limited to: rental income, parking income, laundry income, forfeited security deposits (so long as not for damages) all income associated with leasing of the Premises (excluding recovery of operating expenses from tenants including, utilities and trash), cancellation fee income and all other miscellaneous income including, but not limited to, income realized by Village Green Select. Gross Monthly Collected Income shall NOT be deemed to include income arising out of the sale of real property or the settlement of fire or other casualty losses, condemnation proceeds or items of a similar nature. MDA City Apartments (Recap) 11
