NO Cancellation fee Clause Samples

NO Cancellation fee. There is no cancellation fee charged to OWNER/LANDLORD should OWNER/LANDLORD terminate this agreement by providing (30) days written notice to Broker/Agent. However, if the OWNER/LANDLORD cancels within the first ninety (90) days of this agreement, the OWNER/LANDLORD agrees to reimburse the Broker/Agent for any expenses incurred for services ordered for the benefit of the property, specifically Professional Marketing Photos and a Professional 3rd Party Inspection. The OWNER/LANDLORD will be charged at cost, and copies of the relevant invoices will be provided. (i) Owner/Landlord further agrees that normal Property Management does not include providing on-site management services, property sales, refinancing, appraisals, preparing property for sale or refinancing, modernization, fire or major damage restoration, rehabilitation, obtaining income tax, accounting, or legal advice, representation before public agencies, advising on proposed new construction, debt collection, counseling, managing third party contacts or contracts including home or any other type of warranty companies for maintenance or any other purpose, attending homeowner association meetings, payments of property and other taxes, association dues, assessments, loan payments, and insurance premiums. If Owner/Landlord requests Broker/Agent to perform services not included in normal property management or specified above, Owner/Landlord will pay the fee that is outlined on Broker/Agent’s annual fee schedule. Broker may update their published fee schedule and add or remove services available for charge or otherwise with 30 days written notice to Owner/Landlord. (j) After one full year of management, should the OWNER/LANDLORD decide to take back control of their property, a $500 close-out fee will be charged. This fee covers all expenses associated with the transition, including tenant communications, accounting reconciliation, transfer of records, cancellation of services, and the return of any keys, remotes, or access devices (if applicable). (k) Remit to Broker/Agent, within ten (10) days of written request, any and all funds required by the Broker/Agent for the purposes specified in Paragraph 4 of this agreement and the payment of compensation specified in Paragraph 6 of this agreement. The said written request can be in the form of the monthly statement. The Broker/Agent assumes no liability and Owner/Landlord agrees to hold the Broker/Agent harmless for any late fees, service charges, intere...