Agreement To Manage And Lease Real Estate Template (Page 2 of 2) in pdf

Broker shall advertise the availability for rent of the property or any part thereof and to display "For Rent" or "For Lease" signs

thereon; to show property to prospective tenants; to execute leases, renewals or cancellations of leases relating to said property;

to terminate tenancies and to sign and serve for Owner such notices as Broker deems appropriate; to institute legal actions in the

name of Owner; to evict tenants and recover possession of said premises; to recover rents and other sums due, and to settle,

compromise and release such actions.

Broker shall have authority to hire, supervise and terminate on behalf of Owner all independent contractors and property

employees, if any, reasonably required in the operation of said property. All such property employees are employees of Owner.

Broker shall maintain accurate records of all moneys received and disbursed in connection with its management of said property,

and such records shall be open for inspection by Owner at all reasonable times. Broker shall provide monthly financial

statements to Owner.

Owner agrees to maintain a minimum balance of $_____________ in Broker's trust account and in the event the amount falls below

such minimum balance, Owner hereby agrees to pay such excess promptly upon the request of Broker.

Owner agrees to make available to Broker all data, records and documents pertaining to the property which Broker may require to

properly exercise Broker's duties hereunder.

Owner shall complete and submit a lead-based paint disclosure if property is residential and built prior to 1978 as required by federal

regulation.

Owner authorizes Broker to:

cooperate with brokers who represent tenants and

compensate cooperating brokers from Broker's fees

compensate Broker's agent

Owner agrees to hold Broker harmless from all damage suits in connection with the management of said property and from liability

from injury suffered by any employee or other person whomsoever and to carry, at Owner's expense, adequate public liability

insurance and to name Broker as co-insured. Broker also shall not be liable for any error of judgement oR for any mistake of fact or

law, or for anything which Broker may do or refrain from doing hereunder, except in cases of willful misconduct or gross negligence.

If suit is brought to collect Broker's compensation or if Broker successfully defends any action brought against Broker by Owner,

relating to said property, or Broker's management thereof, Owner agrees to pay all costs incurred by Broker in connection with such

action, including reasonable attorney fees.

This agreement may be later amended or modified at any time by a written mutual agreement signed by Owner and Broker.

Broker will not discriminate based on race, color, creed, religion, sex, national origin, age, handicap or familial status and will comply

with all federal, state and local fair housing and civil rights laws and with all equal opportunity requirements.

Broker accepts this exclusive employment and agrees to use due diligence in the exercise of the duties, authority and powers conferred

upon Broker under the terms hereof.

Receipt of a copy of the contract by the owner has been acknowledged.

____________________________________________________ ______________________________________________________

Owner

Date

Owner

Date

____________________________________________________ ______________________________________________________

Social Security Number or Tax Identification Number

____________________________________________________ ____________________________________________________

Address

Phone Number

____________________________________________________

City/State/Zipcode

____________________________________________________by _____________________________________________________

Broker

Agent

SDREC/PMAGENCY/OWNER/5-99

Page 2 of 2

Agreement To Manage And Lease Real Estate Template Page 2

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