STATEMENTS:
BROKER will render a statement every thirty (30) days showing all funds collected
and disbursed. BROKER is directed to remit to OWNER not less than every thirty
(30) days the net receipts. Net receipts include but are not limited to: Gross
receipts less advertising costs, management fees, expenses incurred for all
repairs, maintenance expenses, cleaning charges, court costs, legal notices
and eviction expenses, multiple listing referral fees, deposit refunds, and
all payments as outlined below on Schedule-A. In the event the disbursements
shall be in excess of the rents collected by BROKER, the OWNER does hereby agree
to pay such excess immediately upon demand by the BROKER. It being understood
that BROKER will not and is not obligated to advance any money for OWNER'S account.
BROKER shall maintain accurate records of all monies received and disbursed
in connection with its management of the property. All documents and correspondence
including those made electronically, whether received, obtained, sent, or generated
by BROKER, regardless of source, regarding the property, any tenant, or tenancy,
are to be considered the private property of BROKER and Atlas Group LC, and
will only be disbursed or released at BROKER'S sole discretion.
OWNER to provide House/Association Rules and warranties in effect, if applicable,
and agrees to make available to BROKER all documents, data, and records and
to respond to requests for information pertaining to the described property
which may be required for the proper execution of BROKER'S duties. OWNER agrees
to prepare and submit an Inventory and Condition Form of the property, furniture,
fixtures, and other articles therein. If OWNER fails to furnish the Inventory
and Condition Form, OWNER agrees to accept the Inventory and Condition Form
prepared by BROKER.
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