Property Management Fees definition

Property Management Fees means monthly compensation provided to the property management agent, which may be calculated as a fixed fee per Unit or based upon a percentage of the Project’s “Gross Revenue Receipts”. “Gross Revenue Receipts” shall mean and refer to all items of income collected by the property manager in connection with its management and operation of the Project, including, but not limited to, rents, non-refundable deposits, laundry room income, non-refundable or forfeited cleaning and redecorating charges, receipts from vending and coin operated machines and equipment on the Project, excluding refundable security deposits, the value of employee units and sales taxes.

Property Management Fees means, with respect to any Real Estate Asset for any period, an assumed amount equal to the greater of (a) 3% of the aggregate base rent and percentage rent due and payable under leases with tenants at such Real Estate Asset and (b) actual management fees, excluding amounts that will be reclassified as “Regional”, “Executive Management”, or “General and Administrative” expenses.

Property Management Fees means, with respect to each Property for any period, 3% of the aggregate base rent and percentage rent due and payable under leases with tenants at such Property.

Examples of Property Management Fees in a sentence

• This fee does not include the Property Management Fees paid for properties owned in partnership.

• With regard to subsequently acquired assets, the Fund Manager shall negotiate the Property Management Fees on an arm’s length basis in line with the prices prevailing in the market.

• Any additional liabilities and costs associated with the property must also be discharged e.g. Repairs, Property Management Fees, Non Principal Private Residence (NPPR), Local Property Tax (LPT), Capital Gains Tax (CGT), Value Added Tax (VAT) and Management Company charges/ fees.

• The results in table 2 show a decrease in trust after the advertising content has been disclosed.Table 2.

• Property Management Fees In respect of the property management services provided by the Property Manager, the Property Manager shall be entitled to receive from the Rental Management Company or, as the case may be, the PRC Property Company, each month, a property management fee paid monthly in arrears on the 25th day of the following month in cash of 1.0% of gross revenue of that month of the relevant Property.

More Definitions of Property Management Fees

Property Management Fees means, with respect to each Project for any period, an assumed amount equal to three percent (3%) of the aggregate base rent and percentage rent due and payable under leases with tenants at such Project.

Property Management Fees means fees in an amount equal to 3% of the gross revenues on a monthly basis generated from the rental income received from the managed properties.

Property Management Fees means the fees and expenses payable to Property Manager pursuant to Section 6, “Compensation,” hereof.

Property Management Fees means fees agreed by the Company as payable to Property Managers for the fulfilment of the Property Management Services;

Property Management Fees means all fees due to Property Manager under the Property Management Agreement.

Property Management Fees means fees paid to any party for managing the day-to-day operations of any Property, provided such fees are billable to and paid by tenants occupying the Property.

Property Management Fees means fees agreed by the Company as payable to the Property Manager(s) for the fulfilment of the Property Administration Services;