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If tenants are being swapped in and out at the time of renewal, standard lease fees apply. 7. Property Condition Report: Upon completion a property condition report, Owner will pay Broker a property condition report fee of $175 S. Vendor Oversight / Repair Coordination: Any vendor invoice may be billed to the Owner at a rate of cost plus 10%, or at current market rate, as determined by Broker. For example, the following items would incur the oversight fee: 1. i. Anything requiring an Accolade representative in person visit to the property. ii. Obtaining Multiple Bids iii. Coordinating multiple trades/ vendors to complete a job 9. Service Fees: • In the event that the owner shall request the Agent to undertake work exceeding the usual normal management, a fee of seventy-five ($75.00) dollars per hour shall be charged to Owner. • Normal management does not include: supervision of tenant improvements, activity related to the sale of the property, refinancing, appraisals, fire restoration, major rehabilitation, insurance claims, obtaining tax advice, presenting petitions to planning or zoning committees. Maintenance Oversight Fee: In the event the Owner requires construction or remodeling of the Property in an amount exceeding $1,000 per project, or if the property requires any initial repairs/clean-up to make the property ready for rental and Broker is responsible for supervising bidding, completion and/or inspection of such project, then Broker's compensation shall be equal to 10% of the total vendor invoices for construction, remodeling or cleaning costs. 10. Fees in the Event of a Sale: Should a Purchase and Sale Agreement be executed where Accolade is the implied Agent, a commission is due that will be negotiated at the time of the Agreement. If the property is actively listed for sale by another brokerage or the owner has an agency relationship with another brokerage that they wish to use, this would not apply. 11. Interest on Trust Accounts: Any trust account Broker maintains under this agreement may be an interest-bearing or income producing account. Broker may retain any interest or income from such account as additional compensation under this agreement. 12. Termination prior to Securing a Tenant: In the event that Owner terminates this agreement prior to securing a tenant in a vacant property, Owner will pay to Agent as liquidated damages $500.00 for the efforts incurred prior to the termination. 13. Administrative Fees: If Broker collects administrative charges from tenants or prospective tenants, including but not limited to, application fees, posting fees, returned check fees, reletting fees, late charges, or other customary fees, Broker will retain such fees as compensation under this agreement. Broker need not account to Owner for such fees and these administrative fees are earned and payable at the time Broker collects such fees. 14. Late Fees: are retained by the Broker, unless rent funds are not available to be delivered to the owner by the 15th of the month. If this occurs, the late fees are split 1/2 to the Owner and'/ to the Broker.