Timely Payment of Fees. In the event the Owner fails to make payment due hereunder within fifteen (15) days after such fee is earned or due, then from the date earned or due until paid, the delinquent amount shall bear interest at one and one-half percent (1.5%) per month. If the Management Company is required to institute legal action against Owner relating to any fees owed under this Agreement, Management Company shall be entitled to collect from Owner reasonable attorneys’ fees and court costs. The foregoing is in addition to and does not limit Management Company’s rights and remedies under Section 13 below.
Appears in 2 contracts
Sources: Real Estate Management Agreement, Real Estate Management Agreement