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charged for minor cosmetic improvements,i.e.carpet replacement,painting, <br />general maintenance,etc. <br />G.Fees in the Event of a Sale:Should a Purchase and Sale Agreement be <br />executedwhere Accolade is the implied Agent,a commission is due that will be <br />negotiated at the time of the Agreement.If the property is actively listed for <br />sale by another brokerage or the Owner has an agency relationship with <br />another brokerage that they wish to use,this would not apply. <br />H.interest on Trust Accounts:Any trust account Broker maintains under this <br />agreementmay be an interest-bearing or income producing account.Broker <br />may retain any interest or income from such accounts as compensationunder <br />this agreement. <br />I.Termination Prior to Securing a Tenant:In the event that Owner terminatesthis <br />agreementprior to securing a tenant in the vacant property,Owner will pay to <br />Agent as liquidated damages $500. <br />J.AdministrativeFees:If Broker collects administrativecharges from tenants or <br />prospective tenants,including but not limited to,application fees,returned <br />check fees,or late charges (as authorized under Paragraph 1A)Broker will <br />retain such fees as compensationunder this agreement.The administrative <br />fees under this Paragraph 9J are earned and payable at the time Broker <br />collects such fees. <br />K.Fees Related to Legal Proceedings:If Owner requests or instructs Broker to <br />appear in any legal proceeding or deposition related to the Property (including, <br />but not limited to,evictions,tenant disputes,security deposit disputes,and suits <br />for damages),Owner will pay Broker $50 per hour for Broker's time expended <br />in such matters and in preparation of such matters.Fees under this Paragraph <br />9K are earned at the time the services are rendered and payable upon Owners <br />receipt of Broker's invoice. <br />10.FUNDSFOR INVOICES RECEIVED AFTER TERMINATION:Agent may withhold <br />funds for up to sixty (60)days after the end of the month in which this agreementis <br />terminated,in order to pay bills previously incurred but not yet invoiced and to close <br />accounts.Upon terminationof this agreement,Owner shall assume the obligations <br />of any contract or outstandingbill executed by Agent under this agreementfor and <br />on behalf of Owner,and responsibility for payment of all unpaid bills. <br />11.LIABILITY AND INDEMNIFICATION:Agent is not responsible or liable in any <br />mannerfor: <br />1.Personal injury to Owner or any tenant resulting from acts of third parties; <br />Professional Services Agreement <br />Page 19