Annual Report 2025 137 Notes to the Financial Statements 31 December 2025 In relation to a tenancy renewal (where an existing tenant of CLAR renews its tenancy for the same or less net lettable area irrespective of whether it is in respect of the same location), the Group will pay Manager or its nominees, the following fee commission: • pro-rated based 0.5 month’s gross rent inclusive of service charge for securing a tenancy of six months or more but less than one year; • 0.5 month’s gross rent inclusive of service charge for securing a tenancy of one year or more but less than or equivalent to three years; • pro-rated based on 1.0 month’s gross rent inclusive of service charge for securing a tenancy of more than three years but less than five years; • 1.0 month’s gross rent inclusive of service charge for securing a tenancy of five years; and • pro-rated based on 1.0 month’s gross rent inclusive of service charge for securing a tenancy of more than five years, provided that the commission payable shall not exceed a sum equivalent to 1.5 months’ gross rent inclusive of service charge. In relation to a tenancy renewal (where an existing tenant of CLAR renews its tenancy for a larger net lettable area irrespective of whether it is in respect of the same location), the Group will pay Manager or its nominees in addition to the above, the following fees for the additional net lettable area: • pro-rated based on 1.0 month’s gross rent inclusive of service charge for securing a tenancy of six months or more but less than three years; • 1.0 month’s gross rent inclusive of service charge for securing a tenancy of more than one year but less than three years; • pro-rated based on 2.0 months’ gross rent inclusive of service charge for securing a tenancy of more than three years but less than five years; • 2.0 months’ gross rent inclusive of service charge for securing a tenancy of five years; and • pro-rated based on 2.0 months’ gross rent inclusive of service charge for securing a tenancy of more than five years, provided that the commission payable shall not exceed a sum equivalent to 3.0 months’ gross rent inclusive of service charge. The Group will pay the Manager or its nominees the following lease commission for new take-up of space by an existing tenant or where the space is taken up by a new tenant introduced by an existing tenant: • pro-rated based on 1.0 month’s gross rent inclusive of service charge for securing a tenancy of six months or more but less than three years; • 1.0 month’s gross rent inclusive of service charge for securing a tenancy of three years; • pro-rated based on 2.0 months’ gross rent inclusive of service charge for securing a tenancy of more than three years but less than five years; • 2.0 months’ gross rent inclusive of service charge for securing a tenancy of five years; and • pro-rated based on 2.0 months’ gross rent inclusive of service charge for securing a tenancy of more than five years, provided that the commission payable shall not exceed a sum equivalent to 3.0 months’ gross rent inclusive of service charge. 1. General (continued) 1.5 Fees under the lease management agreement (for the Singapore properties) (continued)
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