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, tenant deposits used for rent or other past due income, etc. and does not include administrative fees as outlined above under RECEIPTS.  OWNER to pay a leasing/rental fee of up to $250.00 not including advertising or other incidental expenses. OWNER also agrees to pay a Referral Commission to outside Brokers in the amount of $250.00 should an outside Broker provide a qualified tenant that is accepted and moves in.  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 term.  In the event of a month-to-month rental agreement, OWNER shall prepay to BROKER six (6) months Management Fees for each property.

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