FOR MANAGEMENT. a fee equal to percent ( %) of gross monthly income to Owner when occupied. In the event that a prospective tenant places a deposit with Agent and fails to execute a lease or take possession, said deposit or any portion thereof, if retained, shall be disbursed 50% to Owner and 50% to Agent, not to exceed the amount Agent would have received as the rental commission.
Appears in 2 contracts
Sources: Property Management Agreement, Property Management Agreement