2012 Rental Agency Agreement

37 Pages·2012·3.84 MB·English

AINA-NALL:
INDIVIDUAL RENTAL AGENCY AGREEMENT.

WAWAN GRNERAL EXCHE TANES MUST BE PAID OX TT GROSS RENTS
DRY ANY PERSON RENTING REAL PROPERTY IN THE STATE OF HAWAII, 8 COPY OF
THE FIRSL PAGE Ob THIS AGREEMENT, OR OF FEDERAL [STERNAL REVENUE SERVICE CLR.)
FORM 1099 (ur 1540S) SVATING THE AMOUNT OF RENTS COLLECTED SMALL BE PILI QCA TH:
HIAWAM DEVAS] MENT’ OF TAXATION. Aganr all comply by Hiling LR §, Torm 1099 er 1042S, ws rensitad
sunucally

al ra Taw Faquira a prssone paying ial iba non-US, citizen fa “Fordign Diaee)
(2098) eas reine ye IRS oF sach rete pays an bo sels sellin

GW OWNER WHO HIRES A REAL ESTATE PROPERIY AGLI ‘TU MANAGE
UISMER RENTA. ONIT IN. THE UNITED STATES SHDULD EXPECT SAID PROPERTY ACENT TO
WITTMOLD THIRTY PERCENT i805} OF THE FOREIGN OWNERS GROSS RENTAL RECEIPTS
fcegaclless of mortgage. mcincnanes, a other expenses) AND TO REMIT THIS TIRRTY FERCENT 30%:
WITHTIOLDING TAK 10 THE LR.

Foreign Owner's InstracHona Regarding Federal Withholding Tass, Aller consding with « US. ws
albu: J, he Owaor, hrsby insect Agent [Chess a: applisable
Onaer i acta Horcign Owner und, therefare, this eoes nr apply
CD Willd the ciety Percent (3055 tex om ROSS rental income an sen sid acount Ibe LR.S
G1. De wor seAtdold any tae, Tam ataching £ eampleted Form W BFC, which iechies my US, laxpayky
iewilieaion yunier, ur “TIN". The [R.S. will ks notifiad af « Forcign Oveeq's filing of Fosm WeSECL ,
A Foveigu Over Miag Porm W-SPCT saould assume that che LS. will axpeat sail Possign Orsases
jgome ts avis eel payment of US, income wns on not pmcfite a the gppveprias cso iin

MANAGEMENT Is ai'so REQUIRED TO WAGE:
THIS AGREEMENT TIE FOLTOWING INFORMATION
(Agosr evans vast Onenee's Apartarent witht nembare I~ balan

1. Owners ures

Mai

ne Ads

and appurtenat packing sal cv, MU
\abtina, Hawai 9670

3, Owners unarruly Apartment Nuanker:
Jecled ot €60 Wuinee Si

Apururont Cabgury (Soe Seetion Li
9. Social Sosuriry or Hager "Te Ion carkan Number OR iL ebeckod bene Ld Owner a nin-resicent lien

Same Savi! Security Nember

same Bovis? Security Number:
\T) Ne, & Gece Evehse Ta (C071) No if aval

Owners Howat Via nmosanions Tes

Heme Telapions No: Work Telephone Ne, -
Hire Telephone No: ‘Work Telephone Ne,

8. Lem. Ads Molile Paone Nu

Upset 6028
AINA-NALU
INDIVIDUAL RENTAL AGENCY AGREEMENT

Appeulix A: Closary of Defied Terms
Sheds A: Lt ofTucnishings

Seludule Bs List f Armecities ‘IMT Tees

1 DEFINED TERMS. 1

W_ APPOINTMENT BY OWNER OF AGENT: AGENT'S ACCEPTANCE 1

ML PRRM OF AGREEMENT, 1

iv. RENTAL PROGRAY.

AL Oviner Cement.
DL Agents Right to Fs
©. Stent Up Tees

nn Sina groan

V¥. MINIMUM STANDARDS; APARIMLAY CATEGORIES

A. Minimum Stanéarde, 2
R.Apamment Categor

VI, RENTAL ADVISORY COMMITTEE.

AL Creation and Blerion oF RAC,
BL Tenwef RAC Mambars
© Geant af Carin Howsersta RAC
DRAG Ee,
RAC Hall Bonmleas

EL Approvaie By RAC.

VIL. STRVICTS TO BF PERFORMED RY AGEN

AL Mackusing
1. evervuicon.

©. Distribute Use of Apartments ia Rencal Progen,
D. Gollecoa of Revenue and Taxes

TE. Avveanling ané Record Keering

Repent
G._ Front Des Serves

i Updates 6299512
oP

x

i]

pope

AENA-NALU
INDIVIDUAL RENTAL AGENCY AGREEMENT

Terscksopicg.
Mointensice ae Repairs

EBuplusoes.

{Frovision of Gos Supplies und Amenities
Pyuneot of Renal Exgeness,

‘Consult widh RAC.

OBLIGATIONS OF OWNER.

Paysneul ol Over Enpenses and Other ©
TAKE, secs nnn

Nevis Ten iting foe Sate. .
Agent Righ to Chive Defaulls cu BeisIC af Ouner acd Dede Arcounis Owed t Aget

ALLOCATION OF EXTENSES,
apenses ta he Paid by Agent
jienses to he Haid by One

LUST ILTION OF RLVENUKS AND AGENT'S FFFS.

Distrhesions ta Ove.
Specis: Provisions for Non-US. Cittzan Owens,
Agent's Fee

Eleovou ie Fouls Tauslee

‘OWNER’S PERSONAL USE AND OWNER’S GUEST OCONPANCY OF APAITMEN?

Necessity of Noties
ance Not Required v9 Pay Bea
CCheale Regn

COMMISSIONS 1 OWNER.

Owner May Solicit Gusste Foe Apartment,
Olver Purveinsting Apartment,
Aivemes ane Pera

UNIT INTERIOR MAIN 2NANCH FUND.

EDMP Assesnnem.
‘Agent ty Avveunl for UIT Panes
Osvaeeship of UIMT Tins,

Disposition ef Runcs Upon Termination

8
s
5
9

Upsated gr2gnt2
AINA.NALIJ
INDIVIDUAL RUNYAL AGENCY AGREEMFNT

XIV. COMPLIMENTARY STAYS, a
AL Quumer Conthbatios wean »
BL Payment for Comp Nigh, ee)
CC. Lnesea Com Nighes von iO

SV. INSURANCE sonrumnnsnmnnannnnnimn 0
A. Required Covsinges. . in

DB. Geners. Pravisions Regarding Insteance De

XVL INDEMNIFICATION, u
AL Ovnee's Ohligaton, "
3 Agent's Ubiigaticn woo 1

[XVILAMERICANS WITII DISABILITIES ACT COMPLIARCE. 2

XVI FRR MINIATION OF THIS AGRBEML 1 nn
AR. Bighl Lo Tecate enema "
BL _Dispasition of Beaklogs Upon Tecniaation, ”
€.Owsar Agrearan to Accommeste Bootings Bosl-Terminnticn 2
1B, Payments pn Terrinaion, 2
TE. Payment nf Hspanses Unen Tarminatioe of Rental Prowe 2
TF Sursivel af Peymane bligarions 1B

XIS, FORCE MAJLURE, 3
rn sure bent” 3
5
G.— Consequence of Specie: ores Majsure kvont Finding . vetinurimngnnnna Bs

2% MISCELLANEOUS PROVISIONS. B
A. Govwinieg La, 8
BAnoinays? Fors, 8
C.armvnatior af Brant Desk Less 1a
1 Ne Paaesrohip ot eval Weave ms
EK RoAssignivcat Ps
Lo oT
GE REHEFvvensrsanannsmsnnnnnnnnaann “4
HL Mostisestion and Amensierer, n
Lo Sevensiny H
1, Power ef amorney. "
Ro “Time is othe Beer 8
Lo Na tusense a lise Agents aienames, Eto 5

¥ de 6725702
AINA-NALL:
INDIVIDUAL RENTAL AGENCY AGREEMENT

This Thdivkinal Rearal Agency Agessmenl (Agesement") is crtsied inky on this
= slay of Angin +20 12, fhe “RAfoutive Date", by and botnees the Owner
Tfemilied an “ie fast page of thie Agrooment COwnee") and OUTRIGGER WOTETS TAWA CAgeNE
hose place of Laine is cated al 2573 Kati Avemce, Hemoluty, ni 96R15 2939,

RECITAI

A. the Qowner ithe owner of (1) che conde-niniam apanment vat identified oo th Gt pags of
lig Ageerent and sf ther itarestsapyaanans t9 the condouiaiuon apatnein wit tle “Apurlment™),
Inca in rhe in natn snklomidinon project, $60 Wises Sirol. Husrali 96761 (> “Priject), ane (2) che
tania. and oquipmueat located 29 Ue Apart an listed ia the attached Sehedute A fecllerinaly, Fe
*Foruishings"),

B
rental, inching, wis901 Esilaien, hot

Onuigger ie in the businans of operating amd managing horels, soneontaitans, sed sacaion
‘eondonmpaun pots inchs State af Hana,

C.Owsor wishes 19 participate in a rental gregram ta he operated at
ae Ukrefone, svishes io apm Agent ax One's exe ont age fh

te Projet by Agen the
Apaineat

“Rental Progra

IN CONSIDERATION OF “he chove Ractals and the promisas ené savanants of ihe putes Le this
Agent, Over and Agent hereby ugre 2s Slew:

DEFINED TERS.

‘A closeary af defined tess is comtuined mm Appendiy An 2s Age
Provided, 0 Section seerences voatinod i chs Agrecessrt shall be to Seetia

sment, ales ollenise eapoessly
ofthis Agreseal

A. APPOINTMENT BY OWNTR OF AGENT; ACH

NIB AE

ANCH,

A. By cxveuthty dis Agreement, Orne appeints Agent as Owcer exclusive rental agen, ran the
Commis and cowitions set lov a his Apress, we zeal, maintain, and manage ths Apurement
athe Ewing

Ry avnentng sig Agrsemam, Agent accezts the aopeintment by Ov
exclusive ertal agente the ms acd condi set Ful i this

te uot as Owes

4. TERM OF AGREEMENT,
‘The term ofthis Agiwoness (lhe “Teco shall eorcence a uf the Llective ase, ae
3.2017, wales cay terized in aooordaace wilh is Agreement,

IV, RENTAL PROCRAM.
A, Qunee Corseul, Onner wanerts und asnees to paricipete in ube Rental Progsam.

1 penta gr9e>
¥

a

AINA-NALL

INDIVIDUAL, RENTAT. AGENCY AGREEMENT

Agent's Right 2a Frieringg Similar Agreements, Agent its the right to erter igo agreeeeats
substantially imide to kis Agwenmut (Rental Ayeney Agreements"? with owners of otter
agarimenis in 2 Project, he by eu.iien ie auck Reriul Ageney Agrcemant sil agtee 19
Diricipate Ie the Rental Prescaus Except as expressly prised in ois: Agreement, sis
Apienatent i indzpeudest ofall such zessemets

Sam UpEves

H ito the Resial Prograu che Orcer shal. pay 2 Agest epon
Uke Unit based opus the fullawng:

2 Reson | ara
2 Hedhoamy 2 Rar

Sommithyrandiag the Fovasing prosisivas vf Section TV.CA. Quiner may och
Aiscouut ce dre stl up see set fords in Suetion TV.C.A #f: (9) rhs Unit meets the
Minion Skunks or De Rents Program, znd the nie stilt recs origina!
dovefopscentssunls

MINIVLM 8ANDARDS; APARTMENT CATEGORIES,

“

sndands. Quner egtees thet he Tint amst sacey the Miviuans Swaadunls of whe

null Progra: a all mss, #6 sich Vininaum Stents ave daténnined Liou time tite
Ager: acknowledges cha safe Fffectie Dare the Aparimnat aid Foenisbings net te Resta
Progrurc's Minimmem Standards. the sventrhat aha Apaarient ar Huong Gals te wap
wilh the Minimum Standosde ar any ci dering tha'Torm af this Agiernien, Agen bal prusice
seriten natice o Ovnes: infsraing, Onmer sf mich nonwamplianes, sit shall lave Ws sights
imuresiciely cemove the Apurimest froin tac Renal Bingrem entl sach cnw as the Apetlcea
sad Founishings conely with tae Minucuua Stance, 12 Oumar fas 39 ese the Apartment
sod Foinishings “2 comply wilh tks Mimmaum Standard oithin tary G0} ester age
tolleving the above-meniated wutice of ausn-csmapoance, Agent shall have Fe Tight 16
inyuesinteiy trauma tis Avera,

Apaconent, Cafeperies, All apsctrenis in the Project whieh aro within the Remtal Pragrem
Paoticipading Apartments") wil: be placed aie one of sbe indicated carsgacies ‘sted belo
Apartment Cinepories"). Zhe Apunracct Categories may be changed upea agement 39
‘Agent we te RAC.

Sri
Bedroom
2 Begruon | Bate

2 Beéwworn 2 Back

Tinta 629012
AINA-NALL
INDIVIDUAT RENTAT. AGENCY AGREEMENT

RENTAL ADVISORY COMMITTEE,

(Cworign ned Hlevtiaa af RAC. yea l,i is dcreson comvened atthe Penny a meetg of

‘umes of Paricigaling Apenmenls (Purdeipating Oreness") ane hes stabs’ ad Le

Trrtvipaling Ovners have elected. un udvisony coraritas “or the Rents) Perc (Ute RAC

waned The meeting At sid eating De

paling Oreners clecse at Jeact tree {2) and no mare than He (5) Paslcgating Ones 10

sof be RAC. chur of members comprising the RAC, ad the members of

‘2 RAC shall continu to bs detain hy mjrity ets, in acenndnce 6h the Following (AP

Poausipadig Aparttuent stall hase ame (1) vote, which call he jointly cast hy aT owners oF

Sastcipaing Apashuet, a Poctcipting Oumar mast ho physisally presenta se
mertisg t-te sete for sch Participating Gomes Participating Agarment

Tome nf RAC Members, OF th initial membocs of che RAC, tho raomber who veces Fewest.
‘etee shall serve form of ane (H year the reaber sts recive the Hevone Teveat vets shall
scree a ream af ro (2) yest, aut all ier ucirs still seroe & tarm nf three (3) yee
Thereater, RAC: racmbrs gall sorve Fora tec of have (3} years, In une event

rnarris RAC, ras arming, members of the RAC shall hase ie ih wo upp an
Fl the vacarey’ nna time: af Yhe neXt anal eeu greszara aweting. The Perdeipaing
Members may olet tn nanse the RAC be orgauiadd as non pref. comporstin or such othes
oy az may bo desirable, and may provide feu Uke adopt of byw and rules and regal

Graco Cenain Bunersto RAC. Owner sewhy ahorians the RAC, if soluble, w pusfrm
suck duties a required nfthe RAC by this Agraemert, rd rocaablish, Wit: Agents euzsulla
run] camsea. pulicies concerning: (1) sendurds for Participating Apactasias; (2 allocation 9
ealal ixcong Panicipaling Avaramons to chiowe thir and eqhicaale villeaion oll
Panicipsting Apantmen’s: (2) reserving and nes of spares by Ow and tee wuts: (4)
stnannrschaeged (0 Deer ae use of tke Paricipaung Aparmens by csi overs ail iets of
ther ovmeces (3) he ansunts of myulee eer special essusementy for the UIME, axl 6)
concotaign gn Rental Coens eates ions

HAC Fs, Coe shall pay ony foe inn sewount. te be determned by the RAC with rhe
sssstcice of Agerl {ke “RAC Fee") to the RAC. te caver expenses inecrrd by ths RAC 01 By
iis mzmbers in connection Wilh heir pantiipation an the RAC, inchaing, witha: Kmivien,
‘anspovtation ta mearings; leew expenses peal, ebministatve, a effice expanses insoe

cous: maating expanses floromemuications eanyes: und adits of uke Remal Pogtare, The
RAC Fea will he cot eced hy Agel sad clsciule so the RAC. ie RAC Fee nay he deseased
sespended, or rirstated by the Agsat based uyou RAC expense soeds, Hiss may he ineroused Fy
a maority var of Pare‘ gsting ApauneNs, in accorscice widh the Tobowing: 13) sae
Pamisgaring, Aporamant shal base owe (3 vole, whic sal be jolly cuz by al onrars cane
Paniiparing, Apartnang; aca (02 & Patiipeliae Owuee east be physically present ar sovt
iecung “2 cast tho vots For such Paviiyting Onmer’s Panicipling Apanmenr. Agent wll net
be hold accountabls for the inapproptintness af any charges n> dishusercoms or any
reimbarsorse a RAC! member

RAC Held Harmlase. Agent ara Orencr soknoriklgs and agree that RAC snemers ee ating in

1 volurtary ana porslynaviae-y capscity and will ot Hold Ca Tiab

3
AINA NAT
INDIVIDUAL RENTAL AGLNCY AGREEMENT

vn

fanless foun amy Bubity, lors, damage. cower sxpenss hy ransem af Pir aets ov omissions
the Resta Progiar na mamibars othe RAC,

Appouls bY RAC. Ls te event Ut Aap w seypiced in get che RACS appeal ae ane
sed prov sal be Weer grated iF the RAC. fk to prove
‘win seven (3) Busines Days nf the RAC raocipt af eal

"10 BE PERFORMED BY AGENT.

Agent sll provide the seriues descrihe! in this Article VTL

4

Marksling, Agen oll ue satious resuuroas nd ener is ceusemhle fost efor ny aban sont

oreupaats tor the Agora.

‘Reservations. Agent will wosive and process eexseste fer resnvtions far nacnpency af the
parmert and orher Parcipaicg Apacusiens,
Doisetime Use of Apaetmonts in Reval Drogen Agent will we ts reascmable est elfen 10

allnente resorvations te the Apaucat ou ay eqial Lisis 2 559) with other Pericipating
‘periments inthe same Apactalent Category a3 i Uke Apaclient base ow avaiable ane pad
oom might, inwuding owner ad Agent booked sighs

Callection af Revenue and Tuses. Agent will se vessonable desl eff. ta coflet all serene
wenerated hy the Aporimest, ineldiey deposits, sppraprats, ané als Hest Slate gener
excise Lye2s ond tsmvienc eeeemimadinon raxcs payable in conection with the wal of he
Aparlment: prowided, anwever.thuc Agenr wl only be esparsials to fy pees (S02) ol any
lincoLeatb:s arceunis. sagen will, Eis discretion and using ite hea flgment, delta wich
Ioethods of paymenl Ginclushrar cash, perssual chocs, credit card and sther means) AVC
anpzopeene for culling we-euue. Aus she: copasit all fund sa lected under this Ageeemen
‘by Agent in fevilly-inewed banks audor avi ot loua aseciatons, and shall maine
anermmting of ell such Zoacs. Age sall aot vorucence ary fgatiin Uo recover any amounts
payable by x thie pay (or reulal ef tie Apsritent sional the prior srisn centent. From
Guner4)) costs oF Ttigaton, aud all rovers aed inaies abtained through such lrigaion,
shel fs vides ually beeneoa gait idl Ove

pad Record, prepare and wrain, in aeeurdance
[everally accepted sosainticg principles aad précives, aaprepuaie recuuds peeling WW
Zewull encl mungsment of the Aecment, Hslndingy wilh Siudlauon, reporis on Crone
Apurerent Revenne, Hnweail Stats acral serige and Ususiout wcoucnoa ant tases elected
and paid (if sppteablsh, esenpaney statistics, Not Dist tion, an! Osuec's Expenses. C3am
five (9) Businage Sys" prion notin, Agont will make suck records available lo Osmner Tor
‘Ouner's mspostion af te Profeot ducing normal business ns, Age: shld have ‘he ight us
hang Owner an admirisiruive os rat go sxeeed $25 for axch suc’ lzapection, Seid foe shall
ft saver un copying or postage experts, which <heT ha ene by Over

Repows. Agort wi isme a merthly Owner singemens and ncwsltie Le sh 2
awticrpont. If requer‘ed oy the RAC, end atthe aest aad oxpenge of tbe RAC. Agert i as
seat {50 RAC: fina eto Mme im propor,

Opiate 5012
AINA NATIT
INDIVIDUAI. RENTAL AGENCY AGREEMENT

nensaeary of apgeoprate, and in Gsubuting such ct
Owners,

reposts and newloters to Particiyting

Hit Bask Sawices. geal sill provide elephone answering snd ethar tleeninnnniation
rvs, swit@-Dowe. uot desl an] sressge cemer serves, seven days por week, tor the ners
oF ths Rental Prog

TL Honsekeaping, Ageac vill pevi¢e appiopeiate heunckoopmrorvient far uke Apartment,
faving soc ries asthe Apaaaient s occupied ay Quer or Goner’s guests a ext
Article XI.

1 Maintenance ed Kept.

1. Rentine Maintrance Scivio:s, Agen! will yrovide vu.ine iaienance services fi the
Azar on a regnlar bass

Repess. Agent will ppervie, duvet, cad implement cepaies of the Permishings and tho
Apurimont, including, By wag af cxamp'e ard not ladon, repairs of ai-conditionets:
eplacemen. or plumbing and e'errcal fixswse ‘vitin the Apaluwat: spans uf
Turawure, emoke detectors, windows ard sessens, and decoraeive ils: ceptiuns Um
Apartment; fastalaion af new flaoring ar ail eaveriegs: perieicslippg akl sem
ol sla Claoms installation of neve tind and engpotings end svc ater vepeie ol Use
Aparinen! and Furnishings us ry he roqniced fine ie. t0tste to msi. Ihe
‘Sparunen: and Twenishinge al or above the: Masicvam Smvdned, Agta shall nok be
requieed 10 obtain Qvener's consent to or npproval of any ecpaits 50 Jong 4 dt eos!
thareoFCnclosve of pats aud lxbor) shull oe le thas. $SCD.U0. With respec to Epes
esting mose ‘han $500.00 Ginclsive of pists and iebur, agen shall not peat sch
nepais 20 bo made valess che Gweuer stall have approved suc> repacs; provided,
hawt, tar stich agploval shall wot be cecessary for smergency repairs cequired re
[prevent demnge ta property oF injetios so ayoas. All cents of all reins shell he on
Osiner Kspense.

S.Agent Not Respnasible ter Repairs 19, Common Blements, Dior wehuciledes ast

SS Ut the cutior of Agant ander thie Aprseneat shall aol isdlude tbe cepuie er
natsnanes of any partion othe Projects "Conauou Elements” fay such quoted zm
is daft the Project's Condomininm Bacnmen)

J. Henpowes. Agent wil: pravde a] povsomnal necessity fer the gerfereuee of keascheesing,
‘maintenance, sdmmfsizetive, und rent desk servises fore Rental Peogran,

TK. Frovisinm af Cuas Gumpls ant Amori'es. gone will, af gust of regular housekeeping
functions. provise the Aparinant with gassr amevires inclding, widow lata, note paz
and pon, ondise servi, yupar tome, rismlos, shanpoo, coadiune. su, ead dxbwasher
detergent. cf in suet arcounts as Agent deszrmincd fa be apprise jin

scl deren

Layman gf Rent Capensos. Agent will pay al: Rectal Fepoeses a¢ thoy care du aul
ble.

5 Upset 29412
AINA-NALL
INDIVIDLAL RENTAL AGENCY At

JRERMENT

van,

a

a.

Comull wich RAC. Agent ei eomenle with she RAC of policy smaters which elfect the
patunen: and Porticiparing, Apartments, insloting, withow, ixtalion, openious, auekelioe,
alvenising, ring, the level ad freqnevey of maid secv.ouhonsekeeping, uprcunem,
toaintenanee, budget and finre:e”repoming,

OBLIGATIONS OF OWNER,

nme: shall price?

A

v.

sd obligations south inthis Aticle VIM:

Puymon: of Ouser Hspevsee and Oriar Charges. Ore shall procaply pay ali Qwmer Expenses,
inching, wirhacr Tinization che costs of cepairs described in Section ‘VILI2, Owzer
nwledgas andl agrees tht, iF une) Falls lo pay it acaly auccer ts ADAG unvenamint
iran te the AAD, Ager is “oquica By Cie laws of the State af Laem <0 pay, and AKER

sll pay fen Nee Disrihurigns sh assessments 40 the AOAC.

‘Taxes. senor shall be regponsible For tbe payineat of «1 reat peogenty taxes, general exsise
lures, transient seoomrndatian axes, mit inceme texas asteesedl ar aaseesable agains: tke
Gross Apurtmene Reverse recived hy Onmer. Ar Omar's orton seqaest, Agent ill esis
nner in zppiying Tor necesory rox ldenafication numbers. gant Is wesponsible fo all aie
Dusluese and complopeeferapcoyer texes. Ar Quiner's sien enquess, Agent ill fle Ower’s
ene exeve lax ond azsent accommonduten tee teams, incksding the anata seconciiaOm,
provided tha! Oraer has ae source nf Hasich exons oer chan the Nec Disteitution Ieoan he
Apaetiet

Nance Us Lista (or Sle. Lf Over ts the Aparimea 2ie sale, Ose will nciey Agent a
the time of listag so ulet Ayect uy unde arrngereni te show the Apartment 15 ferential
Iyer, JC Owner accepts az oles “a sell dae Apsclment. Ovner wil) mslly Agert ef sich
accrptenre and Cz soleduled dale fur be close of extow. Fullowing such noice, Agoat il not
accept any acvance bookings for Me Apuelieal beyond the date uf close a exsrow witaaus the
‘seven insteecions ofthe forure omer,

Agent Right Cars Dasnuls an Babul of Qc ane Doda, Buus Ove tw Aen ta the
vent thar Onrer file t pay any Owner Heperse, Agont shall have Ce cyl (bu me the
chligetion) to mage such payment an Chrners hehe 48 nccessuy te cue ue decal, iT
Agent makas uny such ney, Agont shall bs eatitled te wimbuse ise” by deducting Die
Sneoune of aic2 payanont, plas aterow ate rate of the lower of (a) bvelve perweut (025 per
unum, ane (6) the faghest cake permsted andor appliecble laws ftom. the Net Distbutions
cetlerwise puyuble te Ownor herounder, and in ths overt wash Ner Disernrion ie nat gatfcien
foun uP ue Ove nu may send Ooms an ‘aurice Far the mnpaid
sexouul, Qvser shall Fareed pay {ull unpaid amnane #9 Agent within Five (5) days
Tullowing reigt uf sue’ invuice, Notwllhsianding any ovine of this Agicement te €
contcars. Ageu lias absolutely no séfgution 29 advance uny for 9, for 20 acest of, ef 98
bela 36, Gurmer, Agen shall hive the right us decuce from Chinas Distrib any sinewnte
aned by Over fo Agsat, solucing.witheut-iesitation, Owmer’s Hspenans inemtel by Ager

ALLOCATION OF EXPENSES.

A

“Expenses te be Paid by Ages. Eovept as wlerwise provi ithe Agree, Agent shal pa,
2 Ageat’s sole expease sul costal ust, foes. nd expla relating to sersces ta be pred

6 penta 09012