Rent Solutions Property Management Agreement (Page 3 of 4) in pdf

To cooperate fully with Agent in complying with all applicable building, housing, and health codes, as well as applicable Fair Housing

regulations. The Premises shall be rented without regard to race, creed, color, religion, sex, national origin, age, disability,

marital status, familial status, or sexual preference.

To indemnify, defend, and save Agent harmless to all cost, expenses, suits, claims, liabilities, damages, proceedings, or attorney’s fees.

Also included, but not limited to, are those arising out of any injury or death to any person or persons or damage to any property of any

kind whatsoever. In addition to the above stated would be whomsoever belonging, including Owner, in any way relating to the rental,

leasing and management of the Premises or the performance or exercise of any of the duties, obligations, powers, rights or authority

granted to Agent. Owner agrees to and does hereby indemnify and hold harmless the Agent, it’s employees, agents and assigns, from

any and all claims, suites, damages cost, losses and expenses arising from the management of the property and from any injury to

persons and/or property occurring on or about the Premises, except in the case of gross negligence or illegal act by the Agent.

To carry, at Owner’s expenses, public liability insurance (homeowners insurance) in sufficient amounts to protect the interest of parties

hereto, which policies shall so be written to protect the Agent in the same manner and to the same extent as the Agent. Owner shall

have liability insurance of not less than $100,000/$300,000 per occurrence and Agent shall be designated on said policy as an

additional insured. Owner agrees to indemnify Agent for any damages suffered as a result of any lapse in or failure by Owner to

maintain insurance coverage.

That Agent shall not be liable for any willful neglect, abuse or damage to Premises by Tenants or others nor for loss of or damage to any

personal property of Owner by Tenant including loss due to exchange or theft by Tenants or others. Agent shall not be responsible for

nonpayment of or theft of any utility service by Tenant. Agent shall not be held liable for any error of judgment or mistake of law except

in cases of willful misconduct or gross negligence.

Utilities: If allowed by law and unless otherwise agreed to by the parties, Tenants are required to have telephone service, cable, electric

service, water service and all other utilities in their own name. In any lease where the Tenants shall have use of the Owner’s utilities

and be responsible for all or part of the bills, Owner shall pay the entire bill in a timely manner and forward copies to this office for

reimbursement. Under no circumstances shall Owner cause the termination of these services and Owner agrees to indemnify Agent for

any damages or litigation fees/cost incurred by Agent if Owner improperly terminates a utility services. Agent will deduct bills to the

extent of funds available and Owner agrees that Agent shall be in no way responsible for nonpayment of or theft of any utility service by

Tenants.

8. TERMINATION:

Either Owner or Agent may terminate this Agreement by giving the other party thirty (30) days written notice of termination.

Should Owner terminate this Agreement before Agent has managed the Premises at least twelve (12) months Owner shall pay Agent a

termination fee equal to one month’s management fee, and all Agent’s unreimbursed costs and expenses including third party vendors

and attorneys’ fees, if any.

Agent may terminate this Agreement immediately with written or verbal notice if Owner’s actions or inactions appear to be illegal,

improper, or jeopardize the safety or welfare of Tenants or others.

All provisions of this Agreement that indemnify, defend, and save Agent harmless to any and all matters shall survive any termination of

this Agreement.

Agent may withhold funds for thirty (30) days after the end of the month in which this Agreement is terminated to pay any obligations;

Owner shall pay Agent the deficit within thirty (30) days of termination date.

In the event this Agreement is terminated by either Owner or Agent, regardless of cause, the parties agree that Agent shall have no

further obligation to rent, lease, or manage the Premises.

9. MODIFICATION OF THIS AGREEMENT:

Agent may change the terms of this Agreement by giving ninety (90) days written notice to Owner. The ninety (90) days shall be counted from the

date notice was mailed. Should no written objection be forthcoming from Owner within the ninety (90) days period, Owner’s acceptance of said

changes shall be presumed. Any exception would be a change required by applicable statute or regulation in which case the change would

become effective according to the time period required by such statute or regulation.

10. OWNER AND AGENT MUTUALLY AGREE:

That this Agreement shall be governed by and construed in accordance with the laws of the state of Florida. Should one or more of the

provisions contained in this Agreement be held to be invalid, illegal, or unenforceable, that disability shall not affect any other provision

of this Agreement

That in the event legal procedures are necessary to enforce any provision of this Agreement the venue will be considered Hillsborough

County, Florida. The prevailing party shall be entitled to recover or receive an award for their reasonable legal fees.

11. OTHER TERMS OF MUTUAL AGREEMENT:

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Initials __________

Rent Solutions Property Management Agreement Page 3

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