management charge
noun [ C ]
ukus FINANCE
an amount of money charged by an investment fund or a broker (= a person or a company that buys and sells shares, etc. for others) for investing someone's money:
The only cost to investors is an annual management charge of 0.6 per cent.
PROPERTY
an amount of money charged by a person or company that manages property for the owner:
The management charge covers a wide range of costs involved in the day-to-day running of the retirement village.