The total compensation to which Management shall be entitled during the term of this Agreement shall consist of fees for Recurring Routine services, paid monthly; fees for Periodic Routine Services, paid on a per-item basis; and fees for Non-Routine Services, on a per-item basis as here specified or to be negotiated prior to performance.
4.01 Recurring Routine Services:
Management shall be compensated according to the following schedule. Such compensation represents the overhead expenses of Management, excluding salaries of on-site management and maintenance employees, but including general and administrative expenses, and travel expenses of officers and employees incurred under this Agreement, and covers fees for basic services,
including financial management, general administration and property management. “TBD amount” due and payable in equal monthly installments of “TBD”, payable monthly, in advance.
4.02 Periodic Routine Services.
Management shall perform certain periodic routine services requested and/or necessary fees therefore are as follows:
A. Preparation 6(d) Certificate Fees:pursuant to M.G.L. c.183A: $65.00 each Certificate
B. Preparation of Current Condominium Documents for New Owners, or Upon Request:$50.00
C. Mailing of Certified Mail to Owners Deemed in Breach of the Governing Documents: Time & Materials
D. Returned Checks:Time & Materials
E. Community Mailings: Time & Materials
F. Materials Reproduction (except Time & Materials routine reports and correspondence necessary to administration and management of the Trust)
(Items A and B may be charged to the Owner involved pursuant to proper authority established through Board resolution.)
4.03 Non-Routine Services.
Management shall maintain availability for services related to certain non-routine activities for which the need may or may not arise. Non-routine services may include, without limitation, the following:
1. Participation in legal actions initiated by the Trust exclusive of those related to collection of annual assessments; legal actions relating to documents enforcement; and other legal actions arising in connection with the services being provided hereunder; provided, however, that communication with attorneys representing the Condominium providing data and information for such attorneys activities shall be covered under Recurring Routine Services. Such non-routine services would include actions resulting in the Agent's expending man hours in the preparation of legal cases, court appearances and depositions.
2. Negotiations and claims of a protracted nature arising from claims for work
performed by any contractor prior to effective date of this agreement.
3. Provision of contractor services, it being acknowledged that in addition to
management services if Management maintains a staff of certain employees skilled in such trades as carpentry, electrical, painting, plumbing, janitorial, landscaping, general labor, etc., which Management may use in rendering necessary and appropriate services to the Condominium.
Charges for services performed under this Section shall be (a) at rates mutually agreed upon by Management and the Trust at the time work is authorized or previously agreed to or (b) at an agreed to rate of $60 per professional hour expended.
Non-routine services, additionally, include without limitation, attendance (by an officer or supervisory person of Management, who is in authority and is fully informed concerning matters involving the Condominium) at more than four (4) meetings of the Trustees and one (1) Unit Owner meetings within any fiscal year.
4.04 Payment Schedule.
Payments for services rendered shall be on or before the first day of the month in advance for which management services are being performed and by the tenth day of the month following rendering of services for all other items unless otherwise provided in this Agreement.