1. If the Property is not under a lease, Owner or Broker may terminate this Agreement without cause with five (05) days written notice. If the Property is under a lease, Owner may terminate Broker without cause provided the following conditions are satisfied: 1) Owner shall first give Broker thirty (30) days written notice; 2) Owner shall pay to Broker, prior to termination, a sum equal to the commissions due for the remainder of the current Tenants occupancy; 3) Owner shall indemnify Broker from any and all claims by Tenant pertaining to the security deposit, move-out inspection, and any and all other claims made by Tenant against Broker that pertain to post-termination issues.
3. Broker may terminate Owner for any reason provided. Upon termination, Broker agrees to the following: (1) Provide Owner thirty (30) days written notice; (2) Transfer to Owner the Tenant's security deposit, if held by Broker, and lease documents executed by the current Tenant; (3) Notify Tenant in writing of Owners address and phone number.
4. The termination of this Agreement shall not prejudice the rights of either party against the other for any default or breach of this Agreement. The rights and remedies herein granted are cumulative and in addition to the rights and remedies provided by law; the exercise of either party of one or more rights or remedies shall not impair its right to exercise the other right or remedy.
5. Broker shall process available funds received from Tenant(s) to Owner on the 15th and/or 30th day of the month. If these dates fall on a weekend or bank holiday, GTR processes funds on the following business day.Owner agrees to receive all Owner funds from Broker by ACH direct deposit. Owner understands that deposits sent via Broker's ACH service may take a total of up to 10 business days to post in Owner's bank account. Owner agrees to furnish Broker a voided check from the account into which Broker will deposit Owner funds.
6. Owner understands and agrees that Broker may receive and disburse funds including rents, security deposits and any additional monies via electronic fund transfers such as ACH. Funds paid electronically will pass through intermediary holding accounts associated with electronic transfers prior to being deposited into Owner's bank account.
8. Modification of This Agreement: Broker may change the terms of this Agreement by giving thirty (30) days written notice to Owner.
9. Smoke detectors: Owner authorizes Broker to install one battery-operated smoke alarm on each level of the property, including the basement level, where smoke detectors are missing or defective.
10. Greentree Realty will not be responsible for the purchase, installation, and/or annual inspection of a fire extinguisher, in prior and future management agreements unless requested and paid for by Owner.
13. Owner agrees to turn on all utilities including but not limited to water, electricity, and gas (if available) at property while it is being marketed by Broker. Owner agrees that the interior and exterior of the property must be clean and in showing condition, must meet all requirements of the Uniform Housing Code, and all major systems (water, electric, gas, HVAC, etc.) and appliances (if provided) must be in operating condition before Broker markets the property.
15. Owner acknowledges receipt and agrees to the terms and conditions set forth in the
Greentree Realty "Owner Manual".
17. Greentree Realty, Inc., does have to be added to the Owner's Insurance Policy.
21. If forced-air heating and cooling systems are installed at the Property, Owner authorizes
Broker to order preventive maintenance and filter change four (4) times per year (quarterly).
The cost for this service is $35 per trip; price subject to change without notice.
22. In regards to the Security Deposit, if the move out inspection is performed by Greentree Realty, Inc., an invoice from Greentree Realty, Inc. will be provided to Owner for needed repairs and/or funds owed from Tenant, in which will be deducted from the Tenant’s security deposit.
25. If Owner terminates agreement within 3 months of the signing of the agreement, a processing and advertising fee of $150 will be owed to Greentree Realty, Inc., from Owner.
26. If Owner and Tenant agree to allow Tenant to renew their lease agreement for an additional term, a 50% Renewal Fee will be due to Greentree Realty, Inc.
27. The standard eviction fee is $350 and must be paid to Greentree Realty, Inc., prior to starting the eviction process.
29. Broker shall complete a Written Property Survey one (1) time per year, consisting of a site visit, interior and exterior visual inspection, and preparation of a written report with photographs. Owner agrees to pay Broker a fee of $75 for this annual survey. Owner may request additional Written Property Surveys for the same fee.