In consideration of this agreement, the OWNER agrees to contract with Weichert, Realtors-Donahue Partners (herein referred to as the AGENT) to:
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rent the following property:
Cape Cod address *
The following are all terms of our agreement. You will be asked to agree to each section, then sign at the bottom.
Commissions
The OWNER shall pay the AGENT a commission of the gross rentals collected for rentals provided by the AGENT. Commissions shall equal 15% of the total rent for any rental under 6 months, and shall equal one month’s rent on rentals of 6 months to one year.
Commissions on year round rentals after the first year shall be an additional 5% of the gross rent, calculated annually.
AGENT will deduct commission fees from the first rental deposit on each rental whenever possible, if the tenant pays the OWNER directly, the owner shall remit, within 2 weeks, the commission owed to the AGENT. Owner agrees to pay AGENT the same commission for any subsequent rental to the same tenant, or to any persons occupying the rental property with the tenant, made by either OWNER or AGENT.
Should any tenant secured by the AGENT, or persons occupying premises with said tenant, purchase the above property within three (3) years of last renting the above rental property, OWNER shall pay AGENT 4% of the selling price unless otherwise agreed to in writing.
I have read and I understand the above section. *
AGENT’S responsibilities
It is understood and agreed that the AGENT will make every effort to rent the above property and will endeavor to provide equal treatment to all OWNERs, realizing that the tenant’s choice will prevail. AGENT will market the OWNER’s property for rent through personal showings, internet advertising, and other means. This advertising may or may not include photos of the property, both inside and outside.
AGENT will collect all rents and security deposits. AGENT will not allow any tenant to begin a rental without said tenant having abided by the payment terms or his/her rental contract. AGENT will have a minimum of one (1) week to allow tenants’ personal checks to clear before forwarding funds to OWNER. Agent will make every effort to collect and forward all funds to OWNER before the start of the rental period, but some third party sites we market on do not fund the rental until after the rental has started.
AGENT can remit funds to the OWNER via Zelle, Venmo or check. Not all options are always available.
Agent shall attempt to connect OWNER as soon as any problems to the above property are reported to AGENT. If AGENT is unable to reach OWNER within a reasonable time period to be defined by AGENT, AGENT can act in the best interest of the property, including but not limited to hiring tradesmen like plumbers, electricians, cleaners and handymen. OWNER agrees to reimburse AGENT within two (2) weeks of receiving a bill for above services. 1% interest may apply for late payments over 30 days from date of billing.
I have read and I understand the above section *
OWNER’s responsibilities
It is understood and agreed that the OWNER will schedule and pay for a cleaning service to perform turnover cleanings between tenants, as well as a thorough ‘opening cleaning’ or spring cleaning, to start the season. This routing and customary cleaning cannot, by by Massachusetts State law, be paid from tenants’ security deposits. OWNER shall equip property with proper cleaning supplies, including vacuum, broom, mop and enough trash barrels (minimum 3) with covers, or the OWNER shall not expect tenants to clean. OWNER shall schedule and pay for trash removal the day tenants check out, if deemed necessary.
OWNER shall be current with all utilities including but not limited to electric, gas or oil, and internet & cable. OWNER pays all utilities for all short term rentals.
OWNER will arrange for routine maintenance including but not limited to lawn or landscaping services, utility cost (unless otherwise agreed to in writing), window and carpet cleaning, plumbing and appliance maintenance, propane gas for gas grills where applicable, pest control and trash removal.
OWNER will promptly notify AGENT of any change in rental availability.
OWNER or a representative of the OWNER will inspect the property prior to each tenant prior to each tenant arrival and after each tenant departure, for the purpose of returning the security deposit.
OWNER will hold all security deposits. OWNER will refund security deposit to each tenant within twenty one (21) days of termination or end of any lease under three (3) months, within thirty (30) days for rentals over three (3) months. For any withholding, OWNER will provide documentation within the same period. If monthly bills must be received before refunding security deposit to tenant, OWNER must notify tenant in writing within the same time periods above that the deposit will be held up, and why. OWNER agrees that the security deposit is NOT the AGENT’s responsibility.
OWNER will supply AGENT with either a) six (6) working sets of keys for every lock to the rental property (excluding OWNERs’ private storage, or b) a permanent key code if the house has a key code lock. If owner is unable to provide six (6) sets of keys, OWNER agrees to pay for any additional keys AGENT makes, within reason.
OWNER will maintain rental property in good repair and clean at all times and will provide furnishings and a properly equipped kitchen, including small appliances, dishes, glassware, blankets, pillows and spare propane tank (where applicable). OWNER will allow tenant and AGENT access to the electric panel, water heater and heating unit, wherever they are located.
OWNER acknowledges the AGENT is marketing this property based on information given to the agent by the owner. Should the owner make any changes to the property (new furniture, etc), OWNER shall let AGENT know as soon as possible. Major changes should NOT be made after rentals are booked.
OWNER will annually fill out and sign the online “Owner Information Page”, providing AGENT with updated information on the above property. OWNER will notify AGENT of owner occupancy and report any changes in OWNER use of property, and/or other leases and rentals arranged by OWNER or other agents.
OWNER will indemnify and hold harmless the AGENT if it becomes necessary, at the AGENT’s discretion, for the AGENT to move the tenant from the above property for health or safety reasons.
I have read and I understand the above section *