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2.Broker may not directly or indirectly employ or pay a lawyer to represent <br />Owner.Broker may communicatewith Owner's attorney in accordance with <br />Owner's instructions. <br />2.RELATIONSHIPOF THE PARTIES:This agreementdoes not create a partnership <br />or joint venture between the parties.Broker is an independent contractor. <br />3.LEGAL COMPLIANCE:The parties will comply with all obligations,duties,and <br />responsibilitiesunder the fair housing laws and any other statute,administrativerule, <br />ordinance,or restrictive covenantapplicableto the use,leasing,management,or <br />care of the Property. <br />4.RESERVES:Upon execution of this agreement,Owner will deposit the following <br />amountwith Broker to be held in a trust account as a reserve for Owner: <br />$($200 if not filled in or $500 if Accolade is going to pay utilities for <br />the Property).Broker may,at Broker's discretion,use the reserve to pay any <br />expenserelated to the managementof the Property (including but not limited to <br />Broker's fees).If the balance of the reserve becomes less than the amount stated, <br />Broker may:(a)deduct an amount that will bring the balance to the amount stated <br />from any subsequentrent received on behalf of Owner and deposit the amountinto <br />the reserve;or (b)notify Owner that Owner must promptly deposit additional funds <br />with Broker to bring the balance to the amountstated. <br />5.ADVANCES:Broker is not obligatedto advanceany money to Owner or to any <br />other person. <br />6.OWNER REPRESENTATIONS: <br />A.General:Owner represents that: <br />1.Owner has fee simple title to and peaceable possession of the Property and <br />all its improvementsand fixtures,unless rented,and the legal capacity to <br />lease the Property; <br />2.Owner is not bound by anotheragreementfor the managementof the <br />Property that is or will be in effect during this agreement; <br />3.If Broker has the authority to lease the Property,Owner is not bound by: <br />(a)another agreementwith another broker for the lease of the Property that <br />will be in effect during this agreement;or (b)any agreementor covenant <br />that prohibits Owner from leasing the Property; <br />4.Owner is not delinquentin the payment of any property taxes,owners' <br />association fees,property insurance,mortgage,or any encumbrance on or <br />affecting the Property; <br />5.The Property is not subject to the jurisdiction of any court;and <br />6.All information related to the Property that Owner provides to Broker is true <br />and correct to the best of Owner's knowledge. <br />Professional Services Agreement <br />Page 16