Article 422-224 into force since 22 February 2019

The SCPI's management company shall be compensated by means of the following fees:

1. A subscription fee calculated on the basis of monies received at the time of capital increases;

2. A redemption sale fee or fee charged in the event of a free transfer, calculated on the basis of the amount of the transaction or at a flat rate;

3. A management fee based on rental income banked, before tax; the assessment base for this fee may extend to other income banked, in particular dividends from holdings in companies or entities mentioned in Article L. 214-115 of the Monetary and Financial Code as long as the public is informed thereof.

   The articles of association of the SCPI and the offering document shall clearly specify the assessment base and rate of fees paid to the management company in accordance with Article 422-198.

4. A real estate asset acquisition and/or transfer fee calculated on the basis of the amount of the real estate acquisition or sale;

5. A monitoring and coordination fee for the performance of works on the real estate assets, calculated on the basis of the total cost of works performed.

The creation of any fee mentioned in this article or any other fee shall be approved by the general meeting of shareholders.