Commercial Management Agreement (Page 3 of 4) in pdf

8. TERMINATION: Termination by LANDLORD is effective when written notice is actually physically received by BROKER.

In the event this agreement is terminated by LANDLORD or BROKER, the BROKER's rights provided for in paragraph 12

shall survive such termination for a period not to exceed 30 days (termination period). All monies expended by BROKER

shall be paid to BROKER prior to this cancellation and BROKER is authorized to withhold any sums owed to BROKER from

monies held prior to the final disbursement to LANDLORD. An additional cancellation fee of $200.00 will be charged to

LANDLORD should LANDLORD terminate this agreement within the first Four months from the execution of this agreement.

BROKER reserves the right to terminate this agreement with 30 days written notice to LANDLORD at any time, or,

immediately with written or verbal notice if in the opinion of BROKER'S legal counsel, LANDLORD'S actions or inactions are

illegal, improper, or jeopardize the safety or welfare of any tenants or other persons. Terminating this agreement shall

release BROKER from having any further obligation to rent, lease, or manage the property.

. FURNISHINGS/WARRANTIES: The LANDLORD shall deliver a copy of the furnishings inventory if

furnished or, in the alternate, pay the BROKER $

0.00 to provide same. (The $

0.00 fee is subject to change

with notification by first class mail). It is LANDLORD's responsibility to keep the inventory current.

LANDLORD is also to deliver copies to BROKER of the any Service Contracts or Warranties that exist, if any.

If no Warranties or Service Contracts are received at time this agreement is executed, BROKER shall assume

none exist. LANDLORD will provide two full sets of keys plus two mail keys

10. DAMAGES or MISSING ITEMS: BROKER is not responsible for damage to the premises or items missing, switched

out, lost or damaged under any circumstances, including but not limited to, theft, vandalism or negligence of tenant(s) or

their guests. In furnished units, an inventory will be checked by BROKER at departure. In the event tenant(s) damage the

premises or owes any monies to the LANDLORD, BROKER is given the exclusive authority to determine in its professional

judgment the amount due, charge the Tenant accordingly and/or settle with the tenant(s) upon advice of BROKER’S legal

counsel. Broker is given the power to make claims upon the security deposit on behalf of Landlord and Broker shall not be

held liable for any failure to make claim(s) on any damages which were not readily apparent to Broker.

11. MANAGEMENT COMPENSATION: BROKER shall be entitled to a rental commission from all rent monies collected

and shall retain any charges deemed "additional rent" or fees in the lease agreement.

A. FOR MANAGEMENT: The management fee will be 7% of rents received.

B. FOR LEASING: A Leasing fee of 6% of the gross lease value will be owed to BROKER after receiving a fully

executed lease with an approved tenant.

C. LEASE RENEWALS: A lease renewal fee of 3% of the gross lease renewal value due upon receipt of renewal

leases.

12. NOTICES: Whenever any notice is required in this agreement or desire to communicate formally or legally by

LANDLORD to BROKER, notice must be in writing and mailed certified, return receipt requested, to the address indicated

below, and deemed delivered upon actual physical receipt thereof, not date of mailing.

BROKER:

All County Property Management, Inc.

Ph:

(727) 541-2578

5922 9

Avenue North

Fax:

(727) 302-9675

St. Petersburg, FL 33710

Email:

LANDLORD:

___________________________

_________________________________

Print Name

Owner name

Tax ID #

___________________________

_________________________________

Owner name

Tax ID#

Mailing Address: ________________________________________________________________________________

Email Address: _________________________________________________________________________________

____________________________

______________________________

____________________________

Home Phone

Work Phone

Cell Phone

13. POWER OF ATTORNEY: LANDLORD(s) hereby grant Broker, its agents, successors and assigns the authority and

Commercial Management Agreement Page 3

Related Articles

Related forms

Related Categories