Real Property Management Agreement (Page 3 of 8) in pdf

6. BROKER ASSUMES no liability whatsoever for damage to property resulting from vandalism,

natural disaster and/or acts of The Creator, whether vacant or lessee occupied.

7. BROKER ASSUMES no liability whatsoever for any acts or omissions of PROPERTY

OWNER, or previous Management Companies or other Agents of either. Nor does BROKER

assume any liability for precisely unknown violations or environmental or other regulations which

may become known during the period this Real Property Management Agreement is in effect.

Any such regulatory violations or hazards discovered by BROKER will be brought to the attention

of PROPERTY OWNER in writing, and PROPERTY OWNER will promptly cure them.

8. BROKER ASSUMES no responsibility for services other than agreed to unless specified in the

terms of this Real Property Management Agreement or in writing at a later date.

OWNER’S AUTHORITY AND RESPONSIBILITES: The PROPERTY OWNER expressly retains

the following authority and responsibilities:

1. To decide jointly with BROKER on a lease payment schedule for new lessees based on

PROPERTY OWNER’S knowledge of the leasing marketing, or as communicated to PROPERTY

OWNER by BROKER, and knowledge of the required upkeep and routine maintenance on the

property.

2. To delegate the responsibility of executing all leases to the BROKER.

3. To approve all capital expenditures.

4. To approve any repairs that exceed in cost (except in emergency repairs), and to decide jointly

with BROKER who will perform such repair.

5. To pay print media, radio and television advertising cost Reimbursement for all advertising will

be collected upon presentation of invoice and proof of the ad by LION’S SHARE INVESTMENT

MANAGEMENT & REALTY, LLC.

6. In the event that the lessee pays the lease payment with a NSF check and the lessee does not

replace NSF check within thirty (30) days, the PROPERTY OWNER will promptly reimburse the

BROKER the funds that were disbursed to the PROPERTY OWNER based upon the original NSF

receipt.

7. PROPERTY OWNER will provide BROKER with three (3) sets of keys to the premises or bear

the expense of having the required number of keys made.

8. If property includes an in-ground or above ground pool, PROPERTY OWNER will provide

pool maintenance through a licensed/bonded pool service company.

9. Management recommends that PROPERTY OWNER provide a monthly quarterly lawn

maintenance service to include fertilization and pest control. LION’S SHARE INVESTMENT

MANAGEMENT & REALTY, LLC ASSUMES NO LIABILITY FOR CONDITIONS OR

DESTRUCTION OF LAWN, SHRUBS, OR TREES.

10. If pets have been kept on the property prior to the initial lease, PROPERTY OWNER will bear

the cost of having property sprayed for fleas.

11. To pay BROKER 6% (per cent) real estate fee, should property be sold during the term of this

Real Property Management Agreement, any extension thereof, and/or within six (6) months from

termination of this Real Property Management Agreement and/or extension thereof, and to pay

BROKER agreed lease fees on all renewals and extensions or lessees secured by BROKER for

PROPERTY OWNER during the term of Real Property Management Agreement.

12. To permit BROKER to use "Key Check Out" system for showing vacant properties. Any

occupies property is to be shown by appointment only.

Page 3 of 8

INITIALS:_____ _____ _____

Real Property Management Agreement Page 3

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