Real Property Management Agreement (Page 4 of 8) in pdf

G. COMPENSATION: PROPERTY OWNER will pay BROKER the following fees, plus sales tax relating to

such fees if applicable, which fees become due and payable to BROKER upon execution of leases as herein as

provided.

1. The initial Lease Procurement Fee of 1/2 of first full month's rent will be charges on

Acquisition of a new lease. A Lease Renewal Fee of $50.00 will be charged to release

premises to an existing tenant (included inspection and new lease renewal) who is

extending occupancy for a new lease period.

A Subsequent Lease Procurement Fee of $100.00 will be charged on the acquisition of a

new lease after the initial lease.

2. A monthly management fee will be charged for each individual occupied unit, 10% of

gross receipts collected per month, said fees to be payable as receipts are collected.

3. BROKER will collect from lessee(s) and retain all returned check charges, lease

breaking fees, 50% of late fees, if any application fees, and other similar fees as

compensation for BROKER'S time and effort in collection and will account to OWNER

for such charges, commissions and/or fees. If BROKER is or becomes involved in any

legal proceeding or litigation as a result of being PROPERTY OWNER'S BROKER,

Agent will be entitled to a fair market fee.

4. For supervising contracted (Permitted) improvements, major remodeling or repairs to which

BROKER contracts to be done on the property in PROPERTY"S OWNER'S name prior to the

initial lease will be ten per cent (10%) of the total amount of expenditure.

5. It is understood by the parties hereto that this Real Property Management Agreement constitutes

an exclusive authorization to lease and manage the subject property. PROPERTY OWNER agrees

to pay BROKER a fee in accordance with paragraph "G" if the property is lease by PROPERTY

OWNER lease subject premises within ninety (90) days following termination of this Real

Property Management Agreement to a proposed to whom property was shown or was otherwise

procured by BROKER.

Page 4 of 8

INITIALS:_____ _____ _____

Real Property Management Agreement Page 4