Owner/Agent Agreement


Article 5 Total Compensation



Download 120.5 Kb.
Page2/16
Date29.08.2022
Size120.5 Kb.
#87808
1   2   3   4   5   6   7   8   9   ...   16
hm-47-owner-agent-agreement-8-08
1.GENERAL EDUCATION-ENGLISH
Article 5



    1. Total Compensation

The total compensation which the Agent shall be entitled to receive subject to the provisions of Article 8 of the General Conditions of the Contract for Managing Agents, for all services to be performed under the Contract, shall be the sum of the items set forth below:





    1. Managing Agent Base Rate Fee -- $___________ per month.




    1. Marketing Fee -- $___________________

For each residential apartment rented to a new tenant. This amount shall be due and payable only after receipt by the Owner of the first month’s rent and security deposit for the apartment rented. The Agent shall receive no compensation for renewing residential leases with tenants already in occupancy, but shall arrange such renewals as part of the services to be performed under the Contract;



    1. Commercial and Professional Leasing Fee -- Six percent (6%) of the annual rental for the first year for each new professional or commercial tenant. For each successive year of the original term, six percent (6%) of the increase in annual rent over the preceding year. For renewals of existing professional or commercial tenants and for each successive year of the renewed term, six percent (6%) of the increase in annual rent over the preceding year. Compensation for professional or commercial rentals or renewal shall be due and payable monthly only after receipt by the Owner of the first month’s rent and security deposit and only if no brokerage commissions have been charged.




    1. Site Manager Reimbursement -- $__________ per year payable in equal monthly installments. This amount represents the share of the site manager’s compensation which is attributable to the Project in accordance with the Management Plan, annual operating budget and the rules and regulations of DHCR.





    1. Download 120.5 Kb.

      Share with your friends:
1   2   3   4   5   6   7   8   9   ...   16




The database is protected by copyright ©sckool.org 2022
send message

    Main page