The terms “Base Rates”, “Channel Markup”, and “Payout” are used within our program to describe how your rental rates are set and how much you can expect to receive from each booking. Base Rates are agreed with each owner for their respective property for each seasonal time period. These are the rates PURE will use to calculate the “Channel Markup” needed to normalize pricing offered to the public on the various Online Platforms. “Owner Payout” is the amount the owner receives from each booking, calculated as the Base Rate less PURE’s commissions, pricing adjustments, and property expenses.