ZZ Listing Agreement Preview – RENTAL – ALABAMA

LIMITED SERVICE LISTING AGREEMENT FOR LEASE

This Limited Service Listing Agreement for Lease (“Agreement”) is between the Owner (“Owner”) as entered below, and LISTWITHFREEDOM.COM, INC (“Broker”).

1. AUTHORITY TO LEASE PROPERTY:

Owner grants Broker the authority to list Owner’s real and personal property (collectively “Property”) described below, at the price, terms and Listing Period described in the Flat Fee MLS package purchased, for a term based upon which listing package was purchased and will begin when listing is placed in the MLS.

If the Property becomes vacant during the Leasing Period, Owner and Broker remain obligated to perform under this Agreement until the Listing Period expires. Owner certifies and represents that Owner is legally entitled to lease the Property.

This Property will be offered to any person without regard to race, color, religion, sex, handicap, familial status, national origin or any other factor protected by federal, state or local law.

2. DESCRIPTION OF PROPERTY:

a) Real Property Street Address as entered below.

b) Parcel ID (Found on your tax statement) as entered below.

c) Occupancy as described below.

3. PRICE AND TERMS:

Property is offered for lease on the following or other terms acceptable to Owner: a) Price as listed below (Owner is solely responsible for determining the appropriate listing price).

4. BROKER OBLIGATIONS AND AUTHORITY:

a) Owner authorizes Broker to place the property in a multiple listing service (MLS), to offer compensation to cooperating brokers.

b) Owner authorizes Broker to report to the MLS/Association of Realtors this listing information and price, terms and financing information on any resulting lease. Owner authorizes Broker, the MLS and/or Association of Realtors to use, license or sell the active listing and rent data.

c) The contact information provided in the MLS will be the Owner’s contact information so cooperating brokers can contact the Owner directly.

5. OWNER OBLIGATIONS:

a) Owner shall indemnify Broker and hold Broker harmless from losses, damages, costs and expenses of any nature, including attorney’s fees and from liability to any person, that Broker incurs because of (1) Owner’s negligence, representations, misrepresentations, actions or inactions, (2) the use of a lock box, (3) the existence of undisclosed material facts about the Property, or (4) a court or arbitration decision that a broker who was not compensated in connection with a transaction is entitled to compensation from Broker. This clause will survive Broker’s performance and the transfer of title.

b) Owner shall make all legally required disclosures, including all facts that materially affect the Property’s value and are not readily observable or known by the tenants. Owner represents there are no material facts (building code violations, pending code citations, unobservable defects, etc.).

c) Taxes: Leases for a term of 6 months or less are subject to state tax on transient rentals and to local tax on tourist development and impact. The party who receives the rent is responsible for timely collecting and remitting said taxes.

d) Owner will immediately inform Broker of any material facts that arise after signing this Agreement. If the Property was built in 1977 or earlier, Owner will provide tenants with all information Owner knows about lead-based paint and lead-based paint hazards in the Property and with all available documents pertaining to such paint and hazards, as required by federal law. Owner understands that the law requires the provision of this information to prospective tenants before the tenants become obligated to lease the Property.

e) Owner represents that the Property is not listed with any other broker.

f) For one hundred and eighty (180) days following expiration of this Agreement, any cooperating broker shall continue to be entitled to the compensation described in this Agreement should Owner transfer Property or any interest in the Property to any prospects procured regarding the Property prior to expiration.

g) Owner, upon entering into any contract to lease with a renter, agrees to notify Broker, within 48 hours, of the fact that Property is under contract, and will provide Broker the details needed to change the listing status to PENDING in the MLS. The failure to do so may result in a $250.00 fine to Broker, which will be charged to the Owner collectable immediately and/or through judicial action at the option of Broker. · Upon the execution of a lease for the Property, Owner agrees to provide Broker the details needed to change the listing status to RENTED in the MLS.

h) Owner may cancel the MLS Listing at any time with no penalty to the Owner. No refund will be issued upon cancellation. Owner may reinstate a cancelled listing within the duration of the term of this Agreement; however, Owner will pay Broker a reinstatement fee of $59. Owner may not terminate this Agreement while the Property is under contract. If this agreement expires while the property is under contract, Owner’s obligations under this Agreement continue through the execution of any lease.

i) Owner represents that the Property is not listed with any other broker.

j) For ninety (90) days following expiration of this Agreement, any cooperating broker shall continue to be entitled to the compensation described in this Agreement should Owner enter a lease or sale of Property or any interest in the Property to any ready, willing and able prospects procured regarding the Property prior to expiration.

k) Owner is responsible for all aspects of the renting of property including but not limited to determining price and commission, advertising, making appointments, showing property, negotiating sales price, all legal activities, etc.

6. BROKER SHALL NOT BE AN ESCROWEE:

Owner shall not execute any contract that requires Broker to hold earnest money or a possession escrow.

7. COMPENSATION:

Owner has agreed and has prepaid Broker for performing the responsibilities delineated in this Agreement and no refund will be issued regardless whether the property sells and no matter who sells the property.

Owner shall pay a cooperating commission, as described below, to a licensed Broker or Transaction Broker (“Co-Broker”) in the event the Co-Broker represents or introduces the property to a ready, willing and able renter and the renter enters into an Agreement with the Owner to lease the property.

Under this Agreement, Owner can rent Property directly to any tenant not procured or represented by a participating Realtor, in which case no cooperating commission is due.

8. AGENCY DISCLOSURE:

Unless Owner and Broker have entered into a separate representation agreement, Broker does not represent the Owner as either a Single Agent or as a Transactional Broker. Broker has “No Brokerage Relationship” with the Owner and does not represent the Owner. Owner has chosen to handle all Matters concerning Property as a “For Rent by Owner”, thus; relieves Broker & its Associates from any Liability.

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES PROVIDE THIS NOTICE TO POTENTIAL SELLERS AND BUYERS OF REAL ESTATE.
You should not assume that any real estate broker or sales associate represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or as a transaction broker. You are advised not to disclose any information you want to be held in confidence until you decide on representation.

NO BROKERAGE RELATIONSHIP NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES WHO HAVE NO BROKERAGE RELATIONSHIP WITH A POTENTIAL SELLER OR BUYER DISCLOSE THEIR DUTIES TO SELLERS AND BUYERS.
As a real estate licensee who has no brokerage relationship with you, BROKER and its associates owe to you the following duties:
1. Dealing honestly and fairly;
2. Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer.

3. Accounting for all funds entrusted to the licensee.