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Management Agreement.
A fee is paid to Valet Parking Service to manage the parking operation
and all associated costs are reimbursed by the property manager
or owner. Typically an incentive fee is incorporated into the
agreement if certain financial goals are realized.
Hourly
Rate. A fixed hourly
rate is paid to Valet Parking Service by the property manager
or owner.
Lease Agreement.
A rental payment is paid to the property manager or owner by Valet
Parking Service. Typically the rent consists of a fixed amount
plus a percentage of the parking revenues in excess of an agreed
upon amount.
The company has also specified, purchased
and installed state of the art revenue control systems at various
locations that, after amortized over the term of the agreement,
become the property of the location.
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