Management Agreement Page 2

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Pay any late charges, penalties and/or interest imposed by lenders or other parties due to insufficient funds in Owner's trust account.
NOTICE: Any written notice to Owner or Broker required under this Agreement shall be served by sending such notice by first class mail to that
party at the address above or at any different address which the parties may later designate for this purpose and shall be deemed received three (3)
business days after deposit into the United States mail.
FAX COPIES: Fax copies of this Agreement are acceptable.
AGENCY RELATIONSHIPS: Broker agrees to act as the agent of Owner in any lease or rental transaction involving any Property covered by this
Agreement. If Broker is the property manager for a different property in which a tenant is interested, Owner understands that Broker may act as
agent of that other property owner with respect to a transaction involving that other property.
BINDING AGREEMENT: This Agreement shall be binding upon and shall insure to be benefit of Owner and Broker and their respective heirs,
administrators, executors, successors and assigns.
EQUAL HOUSING OPPORTUNITY: The property is offered in compliance with federal, state and local anti-discrimination laws.
COMPENSATION: Owner agrees to pay Broker fees as indicated for:
Management/Leasing:
______ (a) Management:
$95.00 per month
______ (b) Renting or Leasing: 40% of one (1) month's rent (only charged once during a 12 month cycle)
______ (c) Lease Renewal:
$100 fee is charged to renew existing one year lease
______ (d) Loan Payments:
$8.00 additional per month (Optional)
______ (e) Other:
$10.00 additional per month for eviction protection only when Mark III places the tenant (Optional)
Extraordinary Maintenance: Normal property management does not include property sales, refinancing, preparing property for sale or refinancing,
modernization, fire or major damage restoration, rehabilitation, obtaining income tax, accounting, or legal advice, representation before public
agencies, advising on proposed new construction, debt collection, counseling, or attending Owner's Association meetings. Should Owner request
Broker to perform services not included in normal property management, a fee shall be agreed upon for these services before the work begins.
Set-Up/Transfer Fee: No set up or transfer fee is charged for occupied units when management is transferred to Mark III.
Owner Agrees That:
1.
Broker may receive fees and charges from tenants for: (a) Processing credit applications; (b) Returned checks; (c) Tenancy history
verification; (d) Other services that are not in conflict with this agreement:
2.
Broker to retain late charges paid by tenants.
3.
Broker may perform any of its duties, and obtain necessary products and services, through affiliated companies or organizations in which
Broker may own an interest, and may receive fees, commissions, and/or profits from these affiliated companies or organizations. Broker shall
disclose to Owner any such relationship.
4.
Broker may divide compensation, fees and charges due under this Agreement in any manner acceptable to Broker.
TERMINATION OF AGREEMENT: Owner or Broker may terminate this Agreement by giving 30 days written notice. Should Owner terminate
within one year, Owner agrees to pay Broker the amount equal to the renting/leasing fee or one (1) months management fee whichever is greater.
After the original term, this Agreement shall become a non-Exclusive Agreement
ADDITIONAL TERMS: _________________________________________________________________________________________________
________________________________________________________________________________________________________________________
ATTORNEY'S FEE: In any action, proceeding, or arbitration arising out of this Agreement, the prevailing party shall be entitled to reasonable
attorney's fees and costs.
I/We have read the foregoing prior to execution and have received a copy of this on the
day of
,
Mark III Management Company
Owner(s) Signature
Broker
1321 Howe Ave Ste 101, Sacramento, CA 95825
Address
Address
(916) 920-0561
(916) 920-1996
Phone #
Fax #
Phone #
Fax #
Tax I.D. #
Tax I.D. #
c:docmgmtagmtmgmtagmt-blank.frm

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