Page 49 - FCA Management RFP Flipbook - February 2021

FCA Management

Proposed Leasing and Property Management Fee

FCA Management proposes a Leasing and Property Management Fee of 2.75% or $5,500

minimum, of gross revenues per month beginning 90 days prior to delivery of leasing office or
first units, whichever comes first.

Incentive Lease-Up Fee: Manager shall be paid an Incentive Lease-Up Fee of $75 per each
unit leased, up to 94% occupancy, for each unit that is leased and occupied not later than 30
days from receipt of the Certificate of Occupancy (CO) for the building in which the unit is
located, and is to be calculated and paid on a monthly basis. In the event that the Owner
transfers the Project prior to the time that 90% of the units have been leased, Manager will be
deemed to have earned the Incentive Lease-Up Fee.

FCA Management’s property management team will consistently deliver exceptional results
and efficiently manage all aspects of property operations.

FCA Management’s leasing and property management fee includes the following;

All salaries and expenses for FCA Management corporate personnel, other than those located
and working onsite

Accounting, treasury and reporting services
Travel cost of corporate employees

FCA Management’s Leasing and Property Management does not include the following;

Salaries and expenses for property level employees
Property level employee training and motivational events
Management information system support and maintenance for onsite hardware and software
YieldStar, OneSite and Yardi annual licensing fees