6.A.(2) Comml Property Management Agreement for Redev Retail

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For coordination of modernization, rehabilitation, and construction the Agent shall be paid Five percent (5.0%) of the cost in excess of Two Thousand Five Hundred Dollars ($2,500.00) provided, however, that if the Owner retains the services of a rehabilitation coordinator, the Agent shall receive a fee of Two and One Half percent (2.5%) of the cost in excess of Two Thousand Five Hundred Dollars ($2,500.00). c. For coordination of fire restoration efforts, the Agent shall be paid a fee of Five (5.0%) of the cost in excess of Two Thousand Five Hundred Dollars ($2,500.00) of the cost of such restoration; provided, however, that if the Owner retains the services of a fire restoration coordinator, the Agent shall receive a fee of Two and One I [alf percent (2.5%) of the cost in excess of Two Thousand Five I Iundred Dollars ($2,500.00). d. For leasing, the Agent shall be paid one half (I /2) of the amount of its commission upon lease execution and one half (12) upon lease commencement. The leasing services rendered by the Agent shall be compensated by commissions as follows: New Ieases and expansions: eight percent (8%) of the gross rental income scheduled over the original term of the lease for any new lease or expansion negotiated by Agent. Co-brokered transactions: ten percent (10%) of the gross rental income scheduled over the original term of the lease for any new lease or expansion co-brokered. Renewals, expansions and extensions: three and on-half percent (3.5%) of the gross rental income collected during the term of any extension of anv lease negotiated by Agent. 4. If a prospective tenant fails to consummate a lease the Owner receives a defaulted deposit from the prospective tenant, then the Agent shall receive one-half of the defaulted deposit, not to exceed the amount of commission otherwise payable. The Owner shall have no filrther obligation to the Agent for any commission the The Owner agrees that it anv part of the Property is leased within one (1) year after the expiration of the term of this Agreement to any person, firm or corporation ~~ith whom during the term of this Agreement the Agent had negotiations about leasing within the Property, the Owner shall pay the Agent commission in accordance ~~~ith Section 21e.