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In addition to the monthly management fee, the Agent will be compensated for the <br />following services: <br />a. All expenses for maintenance, repair and work order processing (including any <br />inspections by maintenance staff) are Property Expenses and are invoiced bi- weekly and <br />are due within seven business days. Maintenance rates are listed in "Exhibit A" of this <br />Agreement. <br />C. For coordination of modernization, rehabilitation, and construction the Agent <br />shall be paid Five percent (5.0 %) of the cost in excess of Two Thousand Five Hundred <br />Dollars ($2,500.00) provided, however, that if the Owner retains the services of a <br />rehabilitation coordinator, the Agent shall receive a fee of Two and One Half percent <br />(2.5 %) of the cost in excess of Two Thousand Five Hundred Dollars ($2,500.00). <br />d. For coordination of fire restoration efforts, the Agent shall be paid a fee of Five <br />percent (5.0 %) of the cost in excess of Two Thousand Five Hundred Dollars ($2,500.00) <br />of the cost of such restoration; provided, however, that if the Owner retains the services <br />of a fire restoration coordinator, the Agent shall receive a fee of Two and One Half <br />percent (2.5 %) of the cost in excess of Two Thousand Five Hundred Dollars ($2,500.00). <br />e. For leasing, the Agent shall be paid one half (1/2) of the amount of its <br />commission upon lease execution and one half (1/2) upon lease commencement. The <br />leasing services rendered by the Agent shall be compensated by commissions as follows: <br />1. For new leases and expansions: eight percent (8 %) of the gross rental <br />income scheduled over the original term of the lease for any new lease or <br />expansion negotiated by Agent. <br />2. For co- brokered transactions: ten percent (10 %) of the gross rental <br />income scheduled over the original term of the lease for any new lease or <br />expansion co- brokered. <br />3. For renewals, expansions and extensions: three and one -half percent <br />(3.5 %) of the gross rental income collected during the term of any extension of <br />any lease negotiated by Agent. <br />4. If a prospective tenant fails to consummate a lease and the Owner receives <br />a defaulted deposit from the prospective tenant, then the Agent shall receive one - <br />half of the defaulted deposit, not to exceed the amount of commission otherwise <br />payable. The Owner shall have no further obligation to the Agent for any <br />commission on the lease. <br />f. The Owner agrees that if any part of the Property is leased within one (1) year <br />after the expiration of the term of this Agreement to any person, firm or corporation with <br />whom during the term of this Agreement the Agent had negotiations about leasing within <br />-8- <br />