Property Management Agreement (Page 5 of 6) in pdf

9. ATTORNEY FEES. If either party finds it necessary to employ the services of an

attorney to enforce the terms of this Agreement, then the prevailing party shall be entitled

to recover its reasonable attorney’s fees, expenses and court costs from the other party.

10. HOLD HARMLESS. Owner agrees to hold Agent harmless and to indemnify and defend

Agent from all claims for damages or suits in connection with the management of the

Property, and from liability for injury suffered by any employee or other person,

including lessees and their social guests, and to name Agent as a co-insured or additional

insured on any policy of insurance which Owner may purchase for the benefit of the

Property. Owner further agrees to and does release Owner from any claims related to any

errors in judgment or for any mistake of fact or law, or for anything which he may do or

refrain from doing hereunder (sometimes referred to as discretionary acts).

11. EXTRAORDINARY SERVICES.

Agent may charge Owner an hourly fee of

$__________ for all necessary or requested tasks not considered normal management

duties.

12. ADDITIONAL PROVISIONS.

This Agreement will inure to the benefit of and

constitute a binding obligation on the parties hereto and their respective heirs, successors

and assigns.

This Agreement constitutes the entire agreement between Owner and Agent with respect

to the management and operation of the Property.

All prior agreements and

understandings, written or oral, if any, are incorporated herein. No modification of this

Agreement will be valid unless made by supplemental written agreement, executed and

approved by the parties.

This Agreement shall be construed in accordance with the laws of the State of

Mississippi.

13. INSPECTION. Owner must contact and receive permission from Summit Management

Services, LLC prior to entering the Property during the term of any lease agreement or

during any other such time as the Property is leased.

14. SPECIAL PROVISIONS: ____________________________________________

__________________________________________________________________

Page 5 of 6

Rev. 12/15/11

Property Management Agreement Page 5