California. (1) An interest equal to 25% of distributions from any source remaining after payment to investors of an amount ... Property Management Fee (a) The sponsor may render property management services to the program provided such ... are competitive with amounts charged by unaffiliated parties for similar services in the same geographic location. ... The maximum property management fee from such leases shall be 3% of the gross revenues where the sponsor does notanbsp;...
|Title||:||California Corporations Code|