The TERMINATION/AUTOMATIC RENEWAL section states:This Agreement may be terminated by either party at the later of:  (i) the expiration date set forth in the second paragraph of this Agreement; or (ii) at the end of the lease term for any tenant procured by Agent; upon providing the other party 30 days prior written notice before the applicable termination date.

Here's the law from Mass General Laws, Title XVI, Chap. 112, Section 87PP:''Real estate broker'', hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following: sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate.In addition to the hazards of brokering real estate without a license, wholesalers can be sued for "fraud in the inducement" if you sign an offer to purchase without both the intent and the ability to close on the sale.The only legal way to wholesale in MA is to close on the property and then re-sell it.  

Of course, it ultimately comes down to what the property nets, but showing that you have an in depth understanding of everything from maximizing revenue through cost/vacancy analysis, procuring excellent reviews, and things along those lines will go a long way. 

I own a business that designs custom products for pet owners.My business partner and I had decided to make a cage cover for my parrot, I showed some friends, and they all insisted we go into business making related products for our customers.I've always loved real estate - same with my family.

Fee: 8% total gross rental income. 50% first months rent each time tenant is procured and $375 on renewal.Maintenance fee: 10% of repair cost on all maintenance coordinated & 20% on all renovation costs coordinated.NSF/Late Fees: Split equallyInterest on Deposits: To property management companyI don't want to pinch pennies on this, but I certainly don't want to overpay when it may not necessarily assure me better service.  1.) 

Hi All,Is it common for property management company to charge "selling" fee when the property managed by them is being sold either to the tenant or through broker procures the buyer?

Frankly, agents are a terribly inefficient way of procuring properties.

I've read a bit on BP about due on sale clauses that most contracts contain, especially when procuring thru personal financing.

He's working for $25/hour and I am procuring all supplies.

Procuring cause...by all means make sure the agent gets paid!