Note: If you need to edit the contents of one of the text boxes later, use the saved version of the form that has not been locked. 6 Property Management Contract, page 6 of 13 monthly. The total remuneration of the FGPM per good and PMA is 12 months at 7% (or the minimum remuneration listed above). The FGPM will receive its monthly remuneration by bank transfer or cheque to the operating account of the FGPM. B. Preparation of the property for rental, rental or rental Fees: i. A „registration process“ is defined as the work required to rent a home, including: photos, written content, online advertising, presentation of the property, processing applications, inspecting the property and executing a lease. A registration process is included free of charge with each 12-month PMA per property. Usually, only one registration process per 12 months of PMA per property is required. This initial registration process is included free of charge in the 12-month PMA fee.
Please note that the free listing process applies to individual properties. Thus, if the owner has 2 properties with FGPM, 2 marketing or rental processes per 12-month period are included for free. A rental process is included per property. Kil Resale: If the GFCM has already initiated and/or completed a registration process for the Owner during the 12-month ART period and the Owner requests an additional registration process or requests or requests the completion of the registration process to remove the Listing from the market or cancels an Advertisement before the 12-month PMA Period, The Owner agrees to: Pay $800 to FGPM for each subsequent registration before the additional registration process is initiated by FGPM. If the tenant violates the lease, the RLA requires the tenant to pay the $800 redemption fee to FGPM (not to the landlord). Here are some examples of situations. Example 1: The owner hires FGPM, the property is empty, the FGPM performs the rental process. 12 months after the start of the rental period, the tenants leave.
If the owner renews PMA with FGPM for another 12-month period, FGPM will perform another free rental process (included in the new 12-month PMA). Example 2: The new landlord hires FGPM and the property is already occupied by tenants. 2 months later, the tenants leave. The FGPM is currently conducting a rental process to find new tenants. This registration process is included in the 12-month monthly PMA fee, so FGPM is not entitled to any other funds. The Landlord acknowledges that the new lease process will extend the MQP to one year after the start date of the new lease AND that the Landlord agrees to pay 12 monthly allowances from the start date of the new lease. Example 3: The landlord hires FGPM, the property is empty, FGPM carries out the rental process and mediates the tenants. The landlord asks for a 6-month lease. After 6 months, the tenants leave and the landlord wants FGPM to find new tenants.
Landlords pay $800 to the FGPM to re-rent and find new tenants. Landlords pay the FGPM within 7 days of the initial end of the lease. Example 4: The owner hires FGPM, FGPM initiates the registration process, and the „owner cancels the registration process“ during the registration process. Then, the owner prompts them to run the collection process again or to restart or continue. Owners pay $800 to the FGPM to restart the registration process. Owners pay the GFPM before the additional or restarted registration process is initiated by the GFCM. The term „Owner Cancels Registration Process“ refers to the Owner who requests a pause for the listing process, or the Owner who requests the removal of the Listing from the Marketplace or any other communication from the Owner that interferes with and delays the Listing process. 3 Property Management Agreement, page 3 of 13 Deposit all receipts collected for the owner, less amounts properly deducted or paid, with a financial institution whose deposits are insured by a U.S. government agency. The funds are held in an escrow account separate from the property manager`s personal accounts.
The property manager is not responsible in the event of the bankruptcy or default of a financial institution. J. RESERVATIONS: Maintain a reserve of $500 in the property manager`s escrow account. K. PAYMENTS: Payment of the owner`s funds held in the property manager`s escrow account in the following order: 1) Remuneration to the property manager in accordance with paragraph 8(2) All other operating costs, costs and payments payable out of the owner`s funds held by the property manager. (3) Reserves and deposits in the possession of the property manager. (4) Balance for the owner. L. DISTRIBUTION OF OWNER: Transfer the funds, if available, to the owner on the 10th of each month. MR. OWNER`S STATEMENTS: Monthly (if there is a payment from the owner that month) and year-end certificates of income, expenses and fees for each property. N.
PROPERTY MANAGER`S FUNDS: The Property Manager may not advance the Property Manager`s own funds in connection with the Property or this Agreement. O. KEYSAFE/LOCKBOX: The owner authorizes the use of a safe/key locker to allow entry into the property and agrees to sign a Keysafe/Lockbox addendum (C.A.R., Form KLA). OWNER`S RESPONSIBILITIES: The Owner shall: A. Provide all documents, records and disclosures required by law or required by the Property Manager to manage and operate the Property Manager, and immediately notify the Property Manager if the Owner becomes aware of any changes to such documents, records or disclosures, or matters affecting the habitability of the Property. If the property is located in a HOA community, the landlord will receive a copy .pdf the rules and regulations as well as documents from the HOA tenant. The owner will upload these files to Dropbox via our instructions before we register the property and before performing demonstrations. The owner will provide written confirmation of the listing of the property before FGPM organizes real estate exhibitions. B.
Indemnify, defend and hold harmless the Property Manager and all persons in the Property Manager`s account from and to the fullest extent permitted by law against all costs, expenses, suits, liabilities, damages, attorneys` fees and claims of any kind, including, but not limited to, those arising out of the injury or death of any person or damage to any person`s property or personal property; including the Owner, for: (i) any repair carried out by the Owner or by other persons hired directly by the Owner; or (ii) those relating to the management, leasing, leasing, deposit or operation of the property by the property manager or any person in the property manager`s account or the performance or exercise of any of the duties, powers or powers granted to the property manager. In addition, RPI forms are designed to provide brokers and their agents with maximum protection against loss reduction. RPI forms do not contain clauses for political reasons that tend to increase the risk of litigation or that generally run counter to the best long-term interests of the buyer, seller and broker. After you fill out a form, you can create a locked copy that can be sent to customers but cannot be edited. Once you have downloaded the form, you can fill out the prepared form, customize it, save it, print it and send it by e-mail. You must open forms with Adobe Reader to use all the advanced features. Click here to download Adobe Reader for free. The form also includes a section dealing with the restitution/release of rents and bonds. If the contract is terminated by mutual decision and after the tenant has registered the property, the owner must refund the remaining deposit to the tenant within 21 days, as well as an individual declaration according to the Civil Code No. . .