Common use of FOR MANAGEMENT Clause in Contracts

FOR MANAGEMENT. A Management Fee of ten percent (10%) of the gross monthly rents collected. If Agent provides the Tenant and receives a Leasing Fee for said ▇▇▇▇▇▇, the Management Fee will begin on the second month of occupancy. Should a security deposit claim be made to cover any unpaid rent, management fees will be applicable to such rent also.