Common use of Manager's Fees Clause in Contracts

Manager's Fees. Monthly rent collection fee - A fixed percent of the monthly rent/income/charged back recouped income (utilities, pet rent, etc.) charged by Manager as compensation. Such fee shall be 10% for each individual living unit, based on the monthly rental income actually collected from the Tenant(s) if occupied. This includes any rent, utilities, and any other costs paid by Tenant(s). Leasing fees for new tenancies – Each time the Property is leased to a new Tenant, Owner will pay Manager a leasing fee equal to 50% of one full month’s rent, due and payable at the time the lease is executed. Lease renewal – Each time a Tenant in the Property renews or extends a lease, Owner will pay Manager a renewal fee of 50% of one full month’s rent, due and payable at the time the new lease is executed. This paragraph does not apply to month-to-month renewals/extensions. Startup fee - Manager shall receive $500 as an administrative startup fee at the beginning of service. This fee covers the time it takes to properly set up a new property and owner into Manager’s various systems. Late fees - In the event that it is necessary to assess a Tenant with a late fee, 100% of the fee will go to the Manager. This policy is due to the amount of extra time, gas, and money associated with collecting late rent. Manager will also collect and retain late fees and charges for bounced checks. Other Tenant fees – Manager may, per the terms of its lease agreement, require Tenants to pay additional fees, pet rent, administrative fees, or other charges as part of the normal business of operating residential properties. While these fees must be disclosed to Tenants, Manager need not disclose to Owner. Owner may request a copy of Manager’s lease at any time. [ ] (Check if Applicable) Markup(s) Disclosure: Manager includes and shall retain the following markup(s) in any lease, renewal or extension with tenants (list/describe any fees or charges that a tenant will pay a markup, and the amount of the markup): All applicable charges outlined under “Maintenance”, section 6 C of this Agreement.

Manager's Fees. Monthly rent collection fee - A fixed percent of the monthly rent/income/charged back recouped income (utilities, pet rent, etc.) charged by Manager as compensation. Such fee shall be 1025% for each individual living unit, based on the monthly rental income actually collected from the Tenant(s) if occupied. This includes any rent, utilities, and any other costs paid by Tenant(s). Leasing fees for new tenancies – Each time the Property is leased to a new Tenant, Owner will pay Manager a leasing fee equal to 50% of one full month’s rent, due and payable at the time the lease is executed. Lease renewal – Each time a Tenant in the Property renews or extends a lease, Owner will pay Manager a renewal fee of 50% of one full month’s rent, due and payable at the time the new lease is executed. This paragraph does not apply to month-to-month renewals/extensions. Startup fee - Manager shall receive $500 as an administrative startup fee at the beginning of service. This fee covers the time it takes to properly set up a new property and owner into Manager’s various systems. Late fees - In the event that it is necessary to assess a Tenant with a late fee, 100% of the fee will go to the Manager. This policy is due to the amount of extra time, gas, and money associated with collecting late rent. Manager will also collect and retain late fees and charges for bounced checks. Other Tenant fees – Manager may, per the terms of its lease agreement, require Tenants to pay additional fees, pet rent, administrative fees, or other charges as part of the normal business of operating residential properties. While these fees must be disclosed to Tenants, Manager need not disclose to Owner. Owner may request a copy of Manager’s lease at any time. Booking Fees: Online reservation platforms (Airbnb, VRBO, etc.) charge owners and tenants a booking fee. If the Owner and/or Tenant has paid a booking fee on one of these platforms, or similar, then no booking fee is owed to Manager. If a booking fee cost is incurred by Manager, then Owner shall reimburse Manager the cost of said booking fee. [ ] (Check if Applicable) Markup(s) Disclosure: Manager includes and shall retain the following markup(s) in any lease, renewal or extension with tenants (list/describe any fees or charges that a tenant will pay a markup, and the amount of the markup): All applicable charges outlined under “Maintenance”, section 6 C of this Agreementagreement.