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9.BROKER'S FEES:This Paragraph 9 survivestermination of this agreement with <br />regard to fees earned during this agreement,which are not payable until after its <br />termination.Broker may deduct any fees under this Paragraph 9 from any funds <br />Broker holds in trust for Owner.If more than one property or unit is made part of <br />and subject to this agreement,each of the provisions below will apply to each <br />property or unit separately. <br />A.Set-Up Fee:A one-time Set-Up Fee of $500. <br />B.ManagementFees:Each month the Owner will pay Broker 10%of gross <br />income for monthlymanagementwith an overall minimum of $50 per property. <br />C.Residential Lease Fee:Each time the Property is leased to a new tenant, <br />Owner will pay Broker a leasing fee equal to ½of the Rental Rate with a <br />minimum of $500.The leasing fees under this Paragraph 9C are earned and <br />payable at the time the lease is executed. <br />D.Commercial Lease Fees:6%of the life of the contract to lease a vacancy,with <br />a $1,000 minimumfee,payable at the commencementdate. <br />1.Property will be listed on the NWMLS and open to other participating <br />membersof the NWMLS to secure a tenant and the 6%fee will be split <br />50/50 between Accolade and the participating member/broker. <br />2.A separate NWMLS listing agreementfor any commercial vacancy is <br />required to be filled in. <br />E.Renewal or Extension Fees and Renewals with Added Residents: <br />1.Each time a tenant in the Property renews or extendsa lease,Owner will <br />pay Broker a renewal or extensionfee equal to $150.The renewal or <br />extensionfees under this Paragraph 9E are earned at the time the renewal <br />or lease is executedby the parties to the lease and are payable at the time <br />the renewal or extension is effective.For the purposes of this paragraph,a <br />new lease for the same Property with the same tenant then occupying the <br />Property is an extension or renewal.This Paragraph 9E does not apply to <br />month-to-monthrenewalsor month-to-monthextensions. <br />2.Commercial Property Renewalswill be 3%for the life of the contract, <br />payable at the renewal contract date. <br />3.Adding Residents at the time of renewal is permitted but an additional $350 <br />Roommateaddition fee is assessed. <br />F.Service Fees:In the event that the Owner shall request the Agent to undertake <br />work exceeding the usual normal management,then a fee of $50 per hour shall <br />be charged to Owner.Normal managementdoes not include:supervision of <br />tenant improvements,activity related to the sale of the Property,refinancing, <br />appraisals,fire restoration,major rehabilitations,insurance claims,obtaining tax <br />advice,presenting petitions to planning or zoning committees.No fee will be <br />Professional Services Agreement <br />Page 18