Realtor Association Fox Valley Form – Fill Out and Use This PDF

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8 . FI X TURES AN D PERSON AL PROPERTY: I ncluded in

t he lease ar e all fix t ur es, all

heat ing, elect r ical,

plum bing and

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well sy st em s t oget her w it h t he follow ing it em s of personal propert y , all of which t he Lessor r epr esent s ar e locat ed w it hin t he

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Propert y and Lessee shall be ent it led t o use, subj ect t o all t erm s and provisions of t he lease:

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[ Ch e ck o r e n u m e r a t e a p p lica b le it e m s]

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___ Oven/ Range/ St ove

___ Cent r al Air Condit ioning

___ Cent r al Hum idifier

___ Light Fixt ur es, as t hey exist

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___ Refr iger at or

___ Window Air Condit ioner s

___ Wat er Soft ener( s) ( ow ned)

___ Built - in or At t ached Shelving

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___ Microwave

___ Ceiling Fan( s)

___ Sum p Pum ps

___ Carbon Monoxide Det ect ors

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___ Dishw asher

___ I nt er com syst em

___ Elect r onic or Media Air Filt er

___ Exist ing St or m s & Scr eens

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___ Gar bage Disposal

___ TV Ant enna Syst em

___ Cent r al Vac & Equipm ent

___ Fir eplace Scr eens/ Door s/ Gr at es

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___ Trash Com pact or

___ Sat ellit e Dish

___ Securit y Syst em s ( ow ned)

___ Fireplace Gas Logs

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___ Washer

___ Out door Shed

___ Elect r onic Gar age Door Opener ( s)

___ Sm oke Det ect or s

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___ Dr yer

___ I nvisible Fence Syst em , Collar s & Boxes

w it h all Tr ansm it t er ( s)

___ Out door Playset s

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___ At t ached Gas Gr ill

___ All Window Tr eat m ent s & Har dw ar e

___ All Tacked Dow n Car pet ing

___ Plant ed Veget at ion

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Ot h e r it e m s in clu de d: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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I t e m s n ot in clu de d: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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Lessor represent s t hat all fixt ures, syst em s and Per sonal Propert y included in t his cont act

shall be in operat ing condit ion at

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t he t im e of possession, ex cept ; __________________________________________________________________________

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A syst em or it em shall be deem ed t o be in operat ing condit ion if it perform s t he funct ion for which it is int ended, r egardless

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of age, and does not const it ut e a t hreat t o healt h or safet y .

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9 . CON D O/ COM M ON I N TEREST

ASSOCI ATI ON :

Lessor

w arrant s and represent s

t hat t he propert y

_________ I S

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_________ I S NOT subj ect

t o

a Hom eow ners’/ Condom inium

Associat ion assessm ent and/ or Covenant s, Condit ions and

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Rest r ict ions and/ or Rules

and Regulat ions. Lessor agrees

t o

provide Brokerage Com pany / Designat ed

Licensee

w it h all

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Associat ion docum ent s, and m anaging agent cont act inform at ion .

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Associat ion Nam e: _____________________________ Addr ess: ______________________________________________

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Cont act Nam e: ________________________________ Phone Num ber: _________________________________________

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1 0 . M ULTI PLE OFFERS: Br oker [ check one] I S___________ , I S NOT ___________ aut hor ized t o disclose t he ex ist ence

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of a com pet ing offer t o pot ent ial Lessee or t heir agent in t he event of m ult iple offer s.

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1 1 . FORECLOSURE: The Pr em ises [ CH ECK ON E] ____ is ____ is not secur ed by one or m or e m or t gages.

Seller shall give

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writ t en not ice t o Lessee w it hin t hirt y ( 30) days of being served wit h a Foreclosure law suit for t he Pr em ises.

Not hing in t his

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paragraph alt ers t he Lessee’s obligat ion t o pay rent under t he Lease.

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1 2 .

D ESI GN ATI ON

OF

LEGAL

LI CEN SEE:

Brokerage Com pany designat es

and

Lessor

accept s

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_________________________________ ( Designat ed Licensee) , a licensee associat ed w it h Br okerage Com pany, as t he

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only legal licensee of Lessor

t o m arket

and lease Lessor’s

Propert y . Brokerage Com pany

reserv es t he

right t o

appoint

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addit ional or subst it ut e Designat ed Licensees for Lessor

when, in Brokerage Com pany’s

discret ion,

it

is

necessary . I f

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addit ional or subst it ut e Designat ed Licensee( s) are appoint ed, Lessor shall be inform ed in wr it ing w it hin a reasonable t im e

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of such appoint m ent . Lessor

aut hor izes Designat ed Licensee,

from t im e t o t im e, t o allow

anot her licensee, who is not an

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agent of t he Lessor , t o sit an open house of t he Propert y or provide sim ilar support t o Designat ed Licensee in m arket ing of

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t he Proper t y . Designat ed Licensee w ill

be pr im ar ily

r esponsible for t he dir ect m arket ing and lease

of

t he Pr opert y .

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Designat ed Licensee will accept delivery of and present t o Lessor offers and count eroffers t o lease, buy, or sell t he propert y;

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assist Lessor in developing, com m unicat ing, negot iat ing, and present ing offers, count eroffers, and not ices t hat relat e t o t he

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offers and count er offer s unt il a lease agreem ent or

purchase agreem ent is signed and

all cont ingencies are sat isfied or

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waived; and answer Lessor’s quest ions relat ing t o t he offers, count eroffers, not ices, and cont ingencies. The dut ies owed t o

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Lessor as refer red t o in t he current I llinois Real Est at e Act , w ill be ow ed t o Lessor by t he Brokerage Com pany as car ried out

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by Designat ed Licensee. Lessor consent s and fur t her

aut horizes Broker age Com pany and

Designat ed

Licensee,

and any

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aut hor ized represent at iv e

or

licensee of Brokerage Com pany,

t o cont act Lessor by t elephone,

facsim ile t ransm ission or

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elect ronic m ail wit h respect t o fulfilling t he dut ies ow ed t o Lessor under t he current I llinois Real Est at e Act .

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1 3 .

LESSOR CON FI D EN TI ALI TY:

Lessor underst ands t hat Brokerage Com pany and/ or Designat ed Licensee m ay have

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previously represent ed a

Lessee who is int erest ed in

Lessor’s Propert y . Dur ing t hat represent at ion, Brokerage Com pany

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and/ or Designat ed Licensee m ay hav e learned m at erial inform at ion about t he Lessee t hat is considered confident ial. Under

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t he law, neit her Brokerage Com pany nor Designat ed Licensee m ay disclose any such confident ial inform at ion t o t he Lessor

115

even t hough Brokerage Com pany and/ or Designat ed Licensee now repr esent s t he Lessor .

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1 4 .

BROKER AFFI LI ATES: Lessor under st ands and agrees t hat ot her Licensees affiliat ed wit h Brok erage Com pany, m ay

118

represent t he act ual or prospect ive Lessee of Lessor’s Propert y . Fur t her, Lessor underst ands and agr ees t hat if t he Propert y

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is leased t hrough t he effort s of a Licensee affiliat ed w it h

Brokerage Com pany who represent s t he

Lessee, t he ot her

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Licensees affiliat ed w it h Brok erage Com pany will N OT be act ing as Seller’s Designat ed Licensees.

121

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1 5 .

CON SEN T TO REPRESEN T OTH ER LESSORS:

Lessor under st ands and agrees

t hat

Br okerage

Com pany and

123

Designat ed Licensee m ay

from

t im e t o

t im e represent

ot her

Lessor s w ho m ay be int erest ed in

leasing

t heir propert y t o

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lessees. The Lessor consent s

t o Brokerage Com pany’s

and

Designat ed Licensees’ represent at ion of

such

ot her

Lessor s

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before, dur ing and aft er t he expirat ion

of t his Agreem ent

and

expressly waives any claim s including,

but

not lim it ed t o,

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breach of dut y or breach of cont ract based solely upon Brokerage Com pany’s or Designat ed Licensees’ represent at ion or

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Exclusive Right To Lease- REALTOR® Association of the Fox Valley, Inc. 04/12

Page 2 of 6

128

assist ance of ot her lessors w ho m ay be int er est ed in leasing t heir proper t y t o lessees.

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1 6 . D I SCLOSURE AN D CON SEN T TO D UAL AGEN CY: NOTE TO CONSUMER: THI S SECTI ON SERVES THREE PURPOSES.

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FI RST, I T DI SCLOSES THAT A REAL ESTATE LI CENSEE MAY POTENTI ALLY ACT AS A DUAL AGENT, THAT I S, REPRESENT

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MORE THAN ONE PARTY TO THE TRANSACTI ON. SECOND, THI S SECTI ON EXPLAI NS THE CONCEPT OF DUAL AGENCY.

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THI RD, THI S SECTI ON SEEKS YOUR CONSENT TO ALLOW THE REAL ESTATE LI CENSEE TO ACT AS A DUAL AGENT:

A

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LI CENSEE MAY LEGALLY ACT AS A DUAL AGENT ONLY WI TH YOUR CONSENT. BY CHOOSI NG TO I NI TI AL THI S SECTI ON OF

135

THI S AGREEMENT, YOUR CONSENT TO DUAL AGENCY REPRESENTATI ON I S PRESUMED.

136

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The undersigned ____________________________________________ ( “ Licensee” ) , t he Lessor ’s Designat ed Licensee,

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and any subsequent Designat ed Licensee( s) m ay under t ake a dual repr esent at ion ( represent bot h Seller or Lessor and t he

139

Buyer or Lessee) for t he lease or sale of r eal est at e. The undersigned acknow ledges t hey w ere infor m ed of t he possibilit y of

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t his t ype of represent at ion. Before signing t his docum ent please read t he follow ing:

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Repr esent ing m ore t han one part y t o a t ransact ion present s a conflict of int er est since bot h client s m ay rely upon Licensee’s

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advice and client ’s respect ive int erest s m ay be adverse t o each ot her . Licensee w ill undert ake t his represent at ion only w it h

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t he wr it t en consent of ALL client s in t he t ransact ion .

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Any agreem ent

bet ween t he client s as t o

a final cont ract price and ot her

t erm s is a result

of negot iat ions bet w een

t he

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client s act ing in

t heir best int er est s and

on t heir own behalf. Lessor ( s) acknow ledges t hat

Licensee

has explained

t he

148

im plicat ions of dual represent at ion, including t he risks involved, and underst and t hat

Lessor( s) have been advised t o seek

149

independent advice from your advisors or at t orney s before signing any docum ent s in t his t ransact ion.

150

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W H AT A LI CEN SEE CAN D O FOR CLI EN TS W H EN ACTI N G AS A D U AL AGEN T:

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1 .

Treat all client s honest ly .

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2 .

Provide inform at ion about t he real est at e t o t he Buyer or Lessee.

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3 .

Disclose all lat ent m at erial defect s in t he Pr opert y t hat are known t o licensee.

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4 . Disclose financial qualificat ions of t he Buyer or Lessee t o t he Seller or Lessor .

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5 .

Explain real est at e t er m s.

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6 . Help t he Buyer or Lessee t o arrange for Propert y inspect ions.

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7 . Explain closing cost s and procedures.

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8 .

Help t he Buyer com pare financing alt ernat iv es.

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9 .

Provide inform at ion about com parable propert ies t hat hav e sold so bot h client s m ay m ake educat ed decisions

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on what pr ice t o accept or offer .

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W H AT A LI CEN SEE CAN N OT D I SCLOSE TO CLI EN TS W H EN ACTI N G AS A D UAL AGEN T:

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1 .

Confident ial inform at ion t hat Licensee m ay know about t he client , wit hout t he client ’s perm ission .

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2 .

The pr ice or t erm s t he Seller or Lessor will t ake ot her t han t he list ing pr ice w it hout per m ission of t he Seller or

166

Lessor .

167

3 .

The price or t erm s t he Buyer or Lessee is w illing t o pay w it hout perm ission of t he Buyer or Lessee.

168

4 .

A recom m ended or suggest ed price or t erm s t he Buyer or Lessee should offer .

169

5 .

A recom m ended or suggest ed price or t erm s t he Seller or Lessor should count er w it h or accept .

170

171

I f

Seller ( s) / Lessor( s) is uncom fort able

w it h t his disclosure and dual

r epresent at ion, please let Licensee

know .

172

Seller ( s) / Lessor( s) is not required t o accept t his sect ion unless you want t o allow t he Licensee t o proceed as a Dual Agent in

173

t his t ransact ion.

174

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By

select ing

“ Yes” and init ialing, Seller( s) / Lessor( s) acknow ledge t hat

Seller ( s) / Lessor( s) have read and under st and

t his

176

sect ion and volunt arily consent t o t he Licensee act ing as a Dual Agent ( t his is, t o repr esent BOTH t he Seller or Lessor and

177

t he Buyer or Lessee) should t hat becom e necessary .

178

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DUAL AGENCY CONFI RMATI ON:

_______________ Yes

______________ No

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( Seller’s/ Lessor’s I nit ials)

( Seller’s/ Lessor’s I nit ials)

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1 7 . FAI R H OUSI N G: FAI R H OUSI N G:

183

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( _ _ _ _ _ _ _ / _ _ _ _ _ _ _ ) ( Le ssor ’s I n it ia ls) TH E PARTI ES UN D ERSTAN D AN D AGREE TH AT I T I S I LLEGAL

185

FOR EI TH ER OF TH E PARTI ES ( OW N ER OR BROKER) TO REFUSE TO D I SPLAY OR SELL/ LEASE OW N ER’S

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REAL ESTATE TO AN Y PERSON BECAUSE OF ON E’S M EM BERSH I P I N A PROTECTED CLASS, e . g . : RACE,

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COLOR, RELI GI ON , N ATI ON AL ORI GI N , SEX , SEX UAL

ORI EN TATI ON , AN CESTRY,

AGE, ORD ER

OF

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PROTECTI ON STATUS, M ARI TAL STATUS, PH YSI CAL

OR

M EN TAL

H AN D I CAP, FAM I LI AL STATU S,

189

M I LI TARY

STATUS, UN FAV ORABLE M I LI TARY D I SCH ARGE,

OR AN Y OTH ER CLASS

PROTECTED

BY

190

ARTI CLE 3

OF TH E I LLI N OI S H U M AN RI GH T ACTS, OR AN Y OTH ER APPLI CABLE FED ERAL AN D / OR

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LOCAL FAI R H OUSI N G LAW S. TH E PARTI ES AGREE TO COM PLY W I TH ALL APPLI CABLE FED ERAL, STATE,

192

AN D LOCAL FAI R H OU SI N G LAW S.

193

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1 8 . M ARKETI N G AUTH ORI ZATI ON :

195

( a)

Except

as ot herw ise m ay be provided in paragraphs ( h) , ( i) , ( j )

and ( k) below, Brokerage

Com pany

and

it s

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Designat ed Licensee( s) are aut hor ized t o do all t hings deem ed necessar y or

desirable, in t heir

sole discret ion, t o

197

advert ise, prom ot e, and m arket

t he Propert y, including wit hout

lim it at ion:

display

of signs;

placem ent

of

t he

198

Propert y in

a Mult iple List ing Service ( MLS) ; and/ or pr om ot ion

of t he Proper t y t hr ough any

adv ert ising

m edia

Exclusive Right To Lease- REALTOR® Association of the Fox Valley, Inc. 04/12

Page 3 of 6

199

( including wit hout lim it at ion, print m edia, fact

sheet s, t elevision program s, elect ronic m edia,

t he I nt ernet , blogs,

200

and social net w orking w ebsit es) .

201

( b)

Lessor aut hor izes Brokerage Com pany and it s Designat ed Licensee( s) t o phot ograph and/ or film t he propert y and

202

t o m aint ain pict ur es/ video of t he Propert y ,

and

any ot her adver t ising cont ent provided

by

Lessor

t o

Brokerage

203

Com pany ( including

wit hout lim it at ion Propert y

draw ings, survey s, and/ or blueprint s) ,

in

an

MLS and any of t he

204

above described advert ising m edia for m ar ket ing purposes, as w ell as exam ples of Brokerage Com pany’s m arket ing

205

program s and/ or successfully m arket ed propert ies. I n doing so, Lessor hereby grant s t o Brokerage Com pany and

206

it s Designat ed

Licensee( s) a non- exclusiv e,

non - t ransfer able,

fully - paid, lim it ed license t o use,

dist r ibut e, m odify ,

207

and/ or display

Lessor or Brokerage Com pany

provided pict ur es/ video/ advert ising cont ent

in any form ,

m edia,

or

208

m anner . Lessor hereby acknowledges t hat Brokerage Com pany cannot

cont rol t he capt ure,

scraping, and

re-

209

post ing of pict ures/ video/ adv ert ising cont ent

by

t hir d

part ies

and m ak es no

represent at ion

t hat

pict ur es/ video

210

advert ising cont ent regarding t he Propert y w ill or can be com plet ely rem oved from advert ising m edia once post ed.

211

( c)

Lessor assum es sole responsibilit y for ensur ing

t hat

any Lessor

provided

pict ures/ video/ advert ising cont ent ,

212

w het her originat ing from Lessor or a t hird part y, does not violat e any law or t he r ight s of any per son ( including

213

wit hout lim it at ion, copyr ight , pat ent , t radem ark,

t rade

secret ,

propriet ary, cont ract , oral, privacy,

or

any ot her

214

t hird par t y right ) . Specifically, Landlord represent s t hat Lessor has t he express aut horizat ion of t he current

215

Lessees, if any, t o phot ograph

and/ or film

t he Propert y . Lessor shall indem nify

and

hold

har m less

Brokerage

216

Com pany and

it s Designat ed

Licensee( s)

from

any

claim s,

act ions,

dem ands,

liabilit ies,

losses,

dam ages,

217

j udgm ent s, and cost s ( including reasonable

legal fees) arising out of

any

claim relat ed

t o Lessor

provided

218

pict ure/ video/ advert ising cont ent .

219

( d)

Brokerage Com pany / Designat ed Licensee is and shall rem ain t he sole ow ner of any pict ures, v ideos, and m ark et ing

220

m at erials it creat es about t he Propert y for m arket ing purposes.

221

( e)

Lessor hereby acknow ledges t hat he/ she has been adv ised t hat any pict ur es/ v ideo/ adver t ising cont ent prov ided or

222

creat ed by Lessor, Brok erage Com pany and Broker’s Designat ed Licensee( s) m ay be m ade available for access t o

223

t he public at large. Brokerage

Com pany and

it s

Designat ed

Licensee( s)

cannot be responsible for , and Lessor

224

agrees t o indem nify

and hold harm less Br okerage Com pany

and it s Designat ed Licensee( s)

from ,

any

claim s or

225

losses ar ising

out of

t he m isuse of t he pict ures/ v ideo/ advert ising cont ent by

t hird

part ies ( including reasonable

226

legal fees) .

227

( f)

Brokerage Com pany / Designat ed Licensee is aut horized t o affix a keybox t o t he Propert y and, provided t he Lessor is

228

absent , any MLS Part icipant or subscr iber associat ed wit h t he Mult iple List ing Serv ice( s) whet her act ing as Buyer’s

229

or Lessee’s agent or ot herwise shall have t he r ight , t hrough use of said keybox, t o show t he Propert y at any

230

reasonable t im e. I t is not a r equir em ent of t he Mult iple List ing Service or Brokerage Com pany t hat a Lessor allow

231

use of a keybox . Lessor ack nowledges and shall advise any occupant ( s) of t he propert y t hat neit her List ing nor

232

Selling Broker age Com pany , t he REALTOR®

Associat ion of t he Fox Valley, I nc. nor any Mult iple List ing Service is

233

an insur er against t he loss of Lessor’s personal proper t y or of t he personal proper t y of any occupant of t he

234

Propert y . Lessor is advised t o

safeguard or rem ove valuables now

locat ed on said Pr opert y . Lessor

is fur t her

235

advised t o verify t he exist ence of said valuables and obt ain personal propert y insurance t hrough Landlord’s

236

insurance agent . Landlord agrees t o advise any

curr ent occupant

of t he Proper t y t hat t he

Propert y is being

237

m arket ed and t o advise t he occupant t o safeguard or r em ove valuables now locat ed on said proper t y and t o ver ify

238

t he exist ence of said valuables and obt ain personal proper t y insurance t hrough occupant ’s insurance agent .

239

( g)

Lessor her eby

grant s Brokerage Com pany

and

Designat ed Licensee t he right , and

Lessor

ack nowledges t hat

240

Brokerage Com pany / Designat ed

Licensee m ay

have an

obligat ion under

applicable Mult iple List ing

Service rules

241

and regulat ions as a condit ion of placing Lessor’s proper t y in such Mult iple List ing Service, t o r elease inform at ion as

242

t o t he am ount of leasing or selling price, t y pe of financing, if any, and num ber of days t o lease or sell t he Propert y

243

t o any Mult iple List ing Serv ice of which Broker is a m em ber at t he t im e t he Propert y is leased, sold, or closed.

244

( h)

Brokerage Com pany and it s Designat ed Licensee( s) are [ ch e ck on e ]

_ _ _ _ _ a ut h or iz e d _ _ _ _ _ n ot a u t h or ize d

245

t o list t he Propert y for Lease in any of t he above described advert ising m edia.

246

( i)

Brokerage Com pany and it s Designat ed Licensee( s) are [ ch e ck on e ]

_ _ _ _ _ a ut h or iz e d _ _ _ _ _ n ot a u t h or ize d

247

t o release t he Propert y’s address in any of t he above descr ibed adver t ising m edia.

248

( j )

Brokerage Com pany and it s Designat ed Licensee( s) are [ ch e ck on e ]

_ _ _ _ _ a ut h or iz e d _ _ _ _ _ n ot a u t h or ize d

249

t o allow com m ent s or review s regarding t he propert y on int ernet sit es or blogs.

250

( k)

Brokerage Com pany and it s Designat ed Licensee( s) are [ ch e ck on e ]

_ _ _ _ _ a ut h or iz e d _ _ _ _ _ n ot a u t h or ize d

251

t o allow display of an aut om at ed est im at e of t he m arket value of t he pr opert y ( or a hyperlink t o such est im at e) in

252

im m ediat e conj unct ion wit h t he list ing.

253

254

1 9 . BROKER’S RESPON SI BI LI TI ES:

255

•

BROKER shall m ake an ear nest , diligent and cont inuous effort t o lease t he propert y t o a qualified LESSEE and t o

256

advert ise as BROKER deem s advisable; t o phot ograph and t o display a “ FOR RENT” sign .

257

•

BROKER shall subm it propert y t o pr im ary MLS and m ay also subm it propert y t o any ot her MLS of w hich BROKER is

258

a part icipant t o which BROKER has access.

259

•

BROKER is aut horized t o prom ot e t he propert y

t hrough any

elect ronic m edium and/ or any

int er net webpage t o

260

which t he BROKER m ay subscribe. The

part ies

agree

t he

pr opert y

will

be

list ed

in

t he

MLS

by

261

__________________ ( Dat e) .

262

• BROKER is aut horized t o ut ilize ot her BROKERS in carry ing out BROKER’S obligat ion hereunder .

263

•

BROKER is also aut hor ized t o dissem inat e inform at ion

about t he proper t y t o

real est at e BROKERS r epresent ing

264

BUYERS ( her einaft er “ Lessee’s Agent s” ) . LESSOR agr ees t hat any

pay m ent by BROKER t o Lessee’s

Agent

or

265

anot her BROKER shall not cr eat e any agency relat ionship bet w een t he Lessee’s Agent and t he BROKER or LESSOR.

266

•

BROKER shall provide t he MLS wit h t im ely not ice of changes in t he st at us of t he list ing; and shall, upon t he lease of

267

t he proper t y, provide MLS w it h lease inform at ion;

including but

not lim it ed t o t he leasing price, for dissem inat ion

268

by t he MLS t o it s m em ber s.

269

•

BROKER shall provide LESSOR wit h a fully execut ed copy of t his Agreem ent and all incor porat ed at t achm ent s and

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disclosures and reasonable am ount of t im e.

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•

BROKER shall not be r esponsible for t he m aint enance of t he propert y list ed, unless by separ at e w r it t en agr eem ent ,

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nor for vandalism , t heft or dam age of any nat ure affect ing t he subj ect pr opert y .

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•

BROKER w ill com ply

w it h t he cur r ent I llinois Real Est at e License Act of 2000,

Ar t icle 15,

Sect ion

15 - 75

Requir ed

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Minim um Services

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Sec. 15 - 75 . Exclusiv e br oker age agr eem ent s. All exclusive brokerage agreem ent s m ust

specify

t hat t he

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sponsor ing broker, t hrough one or m ore sponsored licensees, m ust provide, at a m inim um , t he following

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services:

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( 1)

accept delivery of and present t o t he client offers and count eroffer s t o buy, sell or lease t he

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client ’s proper t y or t he proper t y t he client seeks t o pur chase or lease;

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( 2)

assist

t he

client

in

dev eloping,

com m unicat ing,

negot iat ing,

and

present ing

offers,

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count eroffers, and not ices t hat relat e t o t he offers and count eroffer s unt il a lease or pur chase

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agr eem ent is signed and all cont ingencies are sat isfied or waived; and

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( 3)

answer t he client ’s quest ions relat ing t o t he offer, count eroffers, not ices, and cont ingencies.

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2 0 .

EX CLUSI V E BROKERAGE M I N I M UM SERV I CES:

Brokerage Com pany , t hrough one or m or e sponsored licensees,

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will prov ide, at a m inim um , t he follow ing services:

( 1) Accept deliv ery of and present t o Lessor, offers and count eroffers t o

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buy, sell or lease t he Lessor’s propert y or t he propert y t he client seeks t o sell or lease;

( 2) Assist t he Lessor in developing,

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com m unicat ing, negot iat ing, and present ing offers,

count eroffers, and not ices t hat relat e t o t he offers and count eroffers

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unt il a lease or purchase agr eem ent

is signed and all cont ingencies are sat isfied or waived;

and

( 3)

Answ er t he Lessor’s

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quest ions relat ing t o t he offers, count eroffer s, not ices and cont ingencies.

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2 1 . FUTURE SALE: The part ies furt her agree t hat in t he event Lessor and any Lessee procured by Broker, or any one else

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t o whom t he Propert y was pr esent ed dur ing t he t erm of t his Agreem ent , execut es a cont ract for t he purchase and sale of

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said

propert y , a cont ract for

deed agr eem ent , or a

rent / opt ion t o purchase agr eem ent during t he

lease

t erm

or

wit hin

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___________ m ont hs aft er t he lease t er m or any ext ension t hereto, Br oker shall hav e ear ned a selling com m ission upon

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execut ion of

said purchase and sale agreem ent . The

com m ission shall be ________ % of t he

sale pr ice. From such

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com pensat ion t he Brokerage Com pany is aut horized t o offer a com pensat ion and pay m ent of _________ %

of sale price t o

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any

Cooperat ing Brokerage Com pany upon t he

successful closing of t he t ransact ion. Except as ot herw ise

provided in

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Paragraph 5,

t he com m ission

provided

for in t his

paragraph shall be payable as follows: in t he case of a purchase

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agreem ent or rent / opt ion t o purchase agreem ent , at closing; and in t he case of cont ract for deed, upon t he execut ion of

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such

an

agreem ent . Howev er,

t his

provision shall

not

apply if

Lessor/ Seller has

ent er ed

int o

a

valid, writ t en

list ing

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agreem ent w it h anot her licensed Real Est at e Brokerage Com pany dur ing t he Prot ect ion Per iod. The ear nest m oney , if any ,

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shall be held by Broker, in a m anner consist ent wit h I llinois st at e law .

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2 2 .

STATUTORY D I SCLOSU RES: I f

applicable,

Lessor / Seller

[ ch e ck on e ] ____

will

provide

a Lead- Based

Paint

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Disclosure; ____ will provide

t he EPA Pam phlet ,

“ Prot ect Your Fam ily From Lead

in

Your

Hom e” ;

____ will provide t he

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Disclosure of I nform at ion on Radon Hazards; ____ will prov ide t he I EMA Pam phlet “ Radon Test ing Guidelines for Real Est at e

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Transact ions” , t o t he Buy er .

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2 3 . OPTI ON AL D I SCLOSU RES: I f applicable, Lessor / Seller ____ w ill pr ovide a com plet ed I llinois Resident ial Real Pr opert y

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Disclosure Report ; _ _ _ _ w ill provide an I llinois Mold Disclosure, t o t he Buyer .

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Addit ional Disclsour es: _________________________________________________________________________________

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___________________________________________________________________________________________________

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2 4 . LESSOR’S ACKN OW LED GEM EN T: Lessor agrees t o com ply wit h all applicable federal and st at e law s w it h respect t o

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t he lease of t he Proper t y, including but not lim it ed t o, Lead Paint Disclosure requir em ent s, t he I llinois Sm oke Det ect or Act ,

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t he

I llinois Carbon Monoxide

Alar m Act , and any

ot her applicable law s or regulat ions im posed by any governm ent al

319

aut hor it y or Condom inium or Hom eow ners’ Associat ion .

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2 5 .

LESSOR’S OBLI GATI ON S: All inquir es about

t his Propert y m ade direct ly t o Lessor shall be im m ediat ely referred t o

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Brokerage Com pany and/ or Designat ed Licensee w it h nam es and addresses. Lessor underst ands t hat t he infor m at ion which

323

Lessor provides t o Designat ed Licensee as m arket ing inform at ion w ill be used t o adv er t ise Lessor’s Propert y t o t he public,

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and it is essent ial t hat t his inform at ion is accurat e. THE BROKERAGE COMPANY I S HEREBY AUTHORI ZED TO SUBMI T ALL

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I NFORMATI ON REQUI RED BY THE RULES OF THE MULTI PLE LI STI NG SERVI CE( S) OF WHI CH THE BROKERAGE COMPANY I S

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A MEMBER.

LESSOR UNDERSTANDS THAT LESSOR

HAS THE OBLI GATI ON TO

PROVI DE

ACCURATE,

TRUTHFUL

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I NFORMATI ON AND HEREBY

PROMI SES TO FULFI LL

THI S OBLI GATI ON. Alt h ou gh

Le ssor is

m a r k e t in g

Le ssor ’s

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Pr ope r t y in it s pr e se n t ph ysica l con dit ion Le ssor u n de r st a n ds t h a t Le ssor m a y be h e ld r e spon sible by Le sse e for

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a n y

la t e n t or h idde n , u n disclose d de fe ct s in

t h e

Pr ope r t y

w h ich a r e k n ow n t o

Le ssor

bu t w h ich

a r e n ot

330

disclose d t o Le sse e . Lessor shall indem nify, save, defend and hold Brokerage Com pany and Designat ed Licensee harm less

331

from all claim s, disput es, lit igat ion, j udgm ent s and/ or cost s, ( including reasonable at t orney’s fees) , w het her or not fr iv olous,

332

arising from

any m isrepr esent at ions m ade by t he Lessor, any incorrect inform at ion supplied by

t he

Lessor

or

from any

333

m at erial

fact

concerning t he

Propert y including lat ent defect s which t he Lessor fails t o disclose. Fur t her, Lessor shall

334

indem nify, sav e, defend and hold Brokerage Com pany and Designat ed Licensee( s) har m less from any claim , loss, dam age

335

or inj ury t o any person or propert y while viewing t he propert y arising from t he condit ion of t he Proper t y .

336

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2 6 .

BROKER LI M I TATI ON S:

The Brokerage Com pany ’s sole dut y is t o affect a lease of

t he Propert y . The Brokerage

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Com pany , Designat ed Licensee( s) , m em ber s of t he Mult iple List ing Serv ice( s) t o w hich t he Brokerage Com pany

belongs,

339

and t he REALTOR® Associat ion of t he Fox Valley, I nc. , ar e not charged wit h t he cust ody of t he Propert y, it s m anagem ent ,

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m aint enance, upkeep or repair . I llinois law allow s Broker s t o prepar e t he lease agreem ent using approved preprint ed form s,

341

but no ot her legal docum ent s required t o close t he lease. Therefore, t he Lessor agrees t o furnish, or have Lessor s’ at t orney

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