COMMISSION:
OWNER agrees to pay BROKER a monthly Management Fee of ______ percent of the gross receipts collected. Gross receipts are all amounts received from the operation of the premises including rents, laundry income, etc. and does not include administrative fees as outlined above under RECEIPTS. OWNER to pay a leasing/rental fee of up to $500.00 not including advertising or other incidental expenses, each time the property is rented. If the Tenant does not stay in the property for a minimum of one half of the lease term or six(6) months, whichever is less, BROKER is to re-lease/re-rent the property with no re-leasing/re-rental fee. In the event OWNER elects to terminate this Agreement while a valid Lease/Rental Agreement initiated by BROKER remains in effect, OWNER shall prepay to BROKER fifty percent (50%) of the total anticipated management fees for the remainder of the Lease/Rental Agreement. In the event of a month-to-month rental agreement, OWNER shall prepay to BROKER six (6) months Management Fee for each property. In no event shall this Agreement be terminated until any and all indebtedness have been paid in full.

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