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

• For illustrative purposes, the chart below sets forth the incremental increases to Base Rent to account for the Additional Base Rent, subject to adjustment pursuant to this Section 7, to be phased in during the Additional Base Rent Adjustment Period, and the rent chart attached as Exhibit F to this Amendment sets forth the monthly aggregate Base Rent and Property Management Fee for the Term of the Lease, including the adjustments to Base Rent as set forth in the Lease.

• As used herein, “Rent” is comprised of the following: (i) the Base Rent (as defined in Exhibit B); (ii) the Monthly Expense Payment (as defined in Exhibit B); (iii) the Additional Monthly Payment (as defined in below in Section 3.3); (iv) the Property Management Fee (as defined in Exhibit B); (v) the Annual Adjusting Rent Payment (as defined in Section 8.1); and (vi) Additional Rent (as defined in Exhibit B).

• The proposed operating budget shall include with particularity the projected (I) Gross Revenues, (II) Approved Operating Expenses, (III) Senior Debt Service Payments, (IV) the Property Management Fee payments, (V) payments into or withdrawals from the Replacement Reserve, and (VI) Residual Receipts, on a month-by-month basis for the applicable Budget Year.

• The monthly Property Management Fee in respect of a month shall be paid on the last business day of such month.

• The Manager shall be entitled to the fees from each Series including, but not limited to, (i) the Property Management Fee and any fees described in the Series Designation, and (ii) to expense reimbursement, in each case in accordance with the Management Agreement.

More Definitions of Property Management Fee

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 means the management fee payable to each Property Manager pursuant to the applicable 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. As defined in the Property Management Agreement.

Property Management Fee. With respect to each Mortgage Loan and each Mortgaged Property owned by the Issuer, the fee payable to the Property Manager pursuant to Section 3.11(a).

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

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