National Realty & Investment, Inc · negative stigma of managing rental properties. Though rare, evictions, non-payment of rents, and damages to the rental dwelling do occur. These

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Copyright protected. All rights reserved. Manago Management, LLC

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Manago Management, LLC

Property Management Division

Commercial and Residential Property Management

Emphasis

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Real Property Management

Manago Management, LLC is a licensed, full service, real estate brokerage and property management company operating in the Southern Nevada area. The firm is an immediate outgrowth of National Realty & Investment, Inc., formerly one of Nevada’s top 3 largest real estate companies. It was founded by three very experienced real estate professionals: Manny C. Manago, Greg Hartline, and Antonio Correia. The company have been joined by a roster of some of Las Vegas’ most respected real estate agents and property management professionals, offering real property management services. Manago Management, LLC is a member of the Institute of Real Estate Managers (IREM®) and the affiliated real estate brokers have earned their respective state of Nevada mandated property management permits allowing them to legally practice and engage in the business of real property management in the state of Nevada. Greg Harline have been licensed as a real estate professional since 1994, Manny Manago since 1998, and Antonio Correia since 1977. Manago Management, LLC have been in business as a Nevada licensed real estate property management company since March 2008. These are some of the services we offer:

* Property Acquisition and Disposition * New Tenant Negotiations

* Real Property Leasing, Commercial and Residential * Full Service Property Accounting

* Loan Procurement and Negotiation

* Business Opportunities

* 1031 Exchanges

* Management of Investment and Vacation Real Properties * Commercial, Office, Retail and Industrial Property Management * Land Acquisition and Sales

* Maintenance and service originators

As property owners, we understand owner objectives in minimizing risk and maximizing profits; as experienced real estate professionals, we have the skills necessary to aid owners in developing, financing, managing and marketing their real property investments. Manago Management, LLC has rapidly grown into one of Las Vegas’ most respected and best run commercial and residential real estate operations. With exceptional business savvy, persistence, and the optimum employment of automation and technology, Manago Management, LLC will continue to thrive and grow, benefiting both their clients and real estate agent members. The company’s ongoing goal is to continue to deliver the highest level of service by leveraging its expertise, its commitment to service and its dedication to excellence.

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Real Property Management

Professional Property Management Services

Our emphasis is on the production and maintenance of maximum property values. This is the result of conscientious owner oriented leasing and tenant management activities. Our goal is to aid the property owner in maximizing current cash profits and establishing stabilized, if not appreciating, property values. The following services are provided:

Regular inspection of and reporting on the property Analysis of tenant leases

Preparation of income forecasts Preparation of expense budgets

Comparisons of actual performance relative to forecasted income and expenses

Assurance of tenant compliance with lease provisions

Assistance in evaluating cost/benefit relationships for property improvement cost, including maintenance and repairs

Review of service provider contracts

Coordination and administration of tenant improvement construction

Analysis of reimbursable costs for timely billing to, and reimbursements from, tenants

Monthly billing of rentals and other amounts due from tenants

Timely billing of rent increases

Negotiation of lease renewals

Collection tenant moneys

Coordination of collection activities with owner (and legal counsel on an as needed basis)

Timely payment of property expenses Easy communication with the Property manager and Broker

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Property Management Policies and Procedures Commercial and Residential Property Edition

MISSION STATEMENT

We believe that our clients are entitled to excellence. Our mission is to provide the best possible

management of an investor’s property with the fewest problems and the greatest returns for the

owner. We strive to manage each property with the same kind of commitment that an owner himself

would exercise in making day-to-day and long term decisions. Our goal is to maximize the return

on the owner’s investment over time. It will serve as an introduction to you about our company and,

hopefully, it will answer many of your concerns and questions. Of course, you should feel free to

contact our office whenever you have a question that is not addressed within these pages. We strive

to be accessible and responsive to your needs. A vast amount of our business is the product of

referrals. We aim to earn your respect and hope that you can confidently and enthusiastically refer

new business to Manago Management, LLC.

OUR QUALIFICATIONS

Manago Management, LLC is a licensed Real Estate Brokerage in the State of Nevada. We hold the

required Property Management Permit mandated by state law, which is the result of advanced

training in the field. A firm that holds this permit must operate under the license of a real estate

broker who is required to pass a test administered by the Division of Real Estate. Manago

Management, LLC has never been the subject of any disciplinary actions by any regulatory

agencies.

Our broker, Manuel C. Manago and Associate Broker, Greg Hartline are held to the highest

professional standards by the laws of the State of Nevada and by their own personal ethics. Mr.

Manago and Mr. Hartline have personally been involved in extensive lease representation and

negotiations in both the residential and commercial arenas. They have taken advanced classes in the

property management and related real estate fields. Mr. Manago has also been instrumental in the

acquisition and sale of numerous properties that were purchased exclusively as investment real

estate. They understand the concerns of the investor.

Mr. Hartline has been awarded the Certified Commercial Investment Member (CCIM) designation

by the National Association of Realtors (NAR); it is one of the most prestigious and highest

designations awarded by NAR. Mr. Manago has been awarded the Certified Residential Specialist

(CRS) Designation by NAR and the Commercial Real Estate Certification (CREC) designation

awarded by the Lied Institute of Real Estate Studies at the University of Nevada Las Vegas. He is

also a Graduate of the Realtors Institute, an Accredited Buyer’s Representative Manager (ABRM)

and a member of the Institute of Real Estate Managers (IREM).

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SCREENING PROCEDURES OF POTENTIAL TENANTS

All tenants are required to pay an application fee when they submit their rental application. We use

this fee to conduct background checks, including; reviewing their credit report, employment

verification, social security number verification, prior evictions, and to research their prior rental

history. This gives us an overall picture of the applicant. We also contact past landlords and any of

the personal references that are given on the application. Frequently, we must “read between the

lines” when we interview the applicant. Rarely will an applicant give us a name or number of a

negative reference. Despite the positive or negative results of the background checks, the owner

will be advised on whether the applicant should or shouldn’t be made a tenant. The “opinion” of

the manager along with the owner will have the most definitive impact.

The Landlord client is not charged for screening prospective tenants that request residency,

the cost is solely bore by the prospective tenant, and the screening review cost is bore by the

management company; the landlord saves a great deal of money in regards to background

checks and screening of potential tenants.

In a “best case scenario” we will have more than one applicant with interest in a specific property

and we can discuss with the property owner who we believe shows the greatest potential for a

mutually rewarding tenancy.

Tenants applying for tenancy at our commercial locations are screened accordingly. When dealing

with corporations, we require guarantor’s to insure that the viability and success of the business to

better protect our managed property. We evaluate their chance of success with their business and

sometimes request additional security if the applicant is a start up business or if we determine that

the applicant is not “strong”. We sometimes suggest that legal counsel review our final drafted

lease prior to the acceptance of the landlord because of complications that may be brought about by

the tenant’s complicated business operations.

TERMS OF TENANCY

Each rental period, like each property, is unique and will be determined by the property owner with

the suggestion of the property manager. Las Vegas is a city that seems to be always full of

transients and new arrivals, and because of that, there are many requests for short-term rentals and

month-to-month rentals. These are not usually in the best interest of the owner. We attempt to rent

most residential properties for terms of at least one year but there are, of course, exceptions.

Commercial locations usually require a minimum 3-year term. The decision to rent for six months,

or even less, would be an individual one, made by the owner and predicated on the particulars of the

tenant and the financial terms of the situation.

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RESIDENTIAL CONCERNS OF

PETS, SMOKERS AND OTHER EXTENUATING CIRCUMSTANCES

Typically, a pet may be accepted as a provision of a tenant’s application only with the appropriate

disclosure to the owner and the Management Company. If an owner feels that the pet is, for

instance, too large or that it is capable of inordinately damaging the property, there may be an

additional security deposit required. An owner may disqualify a potential tenant based upon the

terms of the proposed pet’s occupancy. Some owners have chosen not to allow any tenants with

pets. This is acceptable within the statutes of Nevada law; however, longer vacancy period may be

incurred as a result of not allowing any pets into the leased dwelling. Service animals, however,

like those required to aid the blind, are exempt by law from these restraints.

COLLECTION OF RENTS AND DISPERSAL OF FUNDS

Rents are received by our office sent by the tenant, either by directly depositing the funds into our

bank accounts or via mail. We accept cash, check and money orders. We can accept credit card

payments for rents due with a 5% surcharge paid for by the tenant. This is very beneficial to the

landlord since we can accommodate whatever rental payment a tenant may bring. Rents are usually

due the first day of the month with a three-day grace period. Late rents may be accepted with a late

fee, usually an additional 5% of the rent due past the grace period. If our office does not receive the

rental payment by the 5th

of the month, a courtesy letter is sent to the tenant. If the rent has failed to

reach our office by the 8th

of the month, a demand letter is issued to the tenant advising the tenant

that they are delinquent and legal eviction proceedings will commence. The tenant must bring their

tenancy back to current from delinquent by paying the entire rent due, plus late charge, plus a notice

service fee. Upon failure of the tenant to perform by the 10th

of the month, eviction is then

enforced.

The owners should expect to receive rent dispersal after the 10th

of each month. In situations where

the tenant pays late or does not pay rent at all, a delay of fund dispersal may occur.

EVICTIONS

Many Owners’ have opted to sell their real estate investment holding rather than endure the

negative stigma of managing rental properties. Though rare, evictions, non-payment of rents, and

damages to the rental dwelling do occur. These are risk associated with managing rental properties

that a landlord must face and sometimes accept. Even though we conduct thorough background

checks, credit report reviews and criminal background investigations, a tenant may still sometimes

maliciously and purposely damage the rental dwelling and/or adamantly refuses to pay rent. These

challenges are handled most expeditiously by Manago Management. We have systems in place to

mitigate time loss incurred by a non-paying tenant. We will expedite in the removal of a non-

paying tenant. Also, a tenant is responsible for damages that they cause through neglect, or

malicious intent.

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Nevada is regarded as a Landlord Friendly State in terms of eviction. With proper notice and

procedure, a tenant who remains in default of rents paid or does not perform in accordance with the

lease provisions can be removed from a property in as little as one-week to forty-five days after

notice is given and depending on the type of notice served. There is a fee charged by the City

Constable’s Office and the Clark County Justice Court for utilizing their services. A standard

eviction can cost between $250-$900 from start to finish. Additionally, we charge a fee to serve the

notices and administrate the eviction. Typically our average cost for eviction services are

approximately $250 plus court cost and constable serving fees.

Separately, we provide re-keying of the entire dwelling after the conclusion of the eviction process.

The owner is advised on the best course of action to take.

REPAIRS AND REHABBING OF THE RENTAL DWELLING

After a tenant has vacated the property through involuntary or voluntary means, the property must

be rehabbed to insure positive habitability conditions and competitiveness in the open rental market,

mitigating vacancy allowance. We can provide for janitorial services, landscape services, all the

way up to full-blown general contracting work. A repair estimate or rehab estimate is provided to

the owner. The owner is advised of the estimated cost and approximate completion time.

Minimizing rehab turn around time allows for the maximum rate of return of the real estate rental

investment. A rental property only produces income when it’s rented. Of course, an owner may

elect to conduct the rehab operations themselves; however, the manager will not be responsible for

the repairs conducted by the owner or owner’s agents and will not be responsible for the longer time

lapse between tenancy due to longer than expected down time.

INSURANCE

Manago Management, LLC is not an insurance company. By entering into a management

agreement, we are not held personally responsible or liable should harm fall to the property. A

property owner is always responsible for researching, purchasing and keeping current his own fire,

lightning, flood, windstorm and malicious vandalism insurance. Manago Management, LLC should

be named as an additional insured on all insurance policies during the term of the property

management agreement.

The tenant should purchase his or her own renter’s insurance and we request that the tenant do so.

Neither the landlord nor the Management Company should be construed to be responsible for the

tenant’s personal possessions in the event of theft, fire, flood or any other calamitous occurrence.

RESIDENTIAL LANDLORD’S: SECURITY DEPOSIT AND PET DEPOSITS

For most homes and in most circumstances, we recommend a pet deposit of $250. This is usually

refundable provided that the tenant returns the property in the same condition or a condition better

than the original condition when the tenancy commenced. The manager with the owner’s

permission will grant acceptance of a pet. An exceptionally large or unusual pet (e.g. a Saint

Bernard, a monkey or a parrot) may be accepted as a provision of tenancy with the owner’s

permission and with the receipt of an appropriate security deposit.

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A tenant must provide for a security deposit, usually in the amount equivalent to the monthly rent.

We hold this deposit in a State of Nevada bank labeled “Broker’s Trust Account” as mandated by

state law on behalf of the tenant. This specific bank account is annually audited by the state of

Nevada Division of Real Estate for compliance with state laws. If the property is left in a condition

deemed to be as good as or better than when it was originally occupied, the security deposit may be

returned minus certain non-refundable charges. We would prefer to refund the deposit when the

tenancy has been terminated than to administrate an extensive cleanup and refurbishing of rental

property.

BROKER’S TRUST ACCOUNTING IN NEVADA

Funds are kept in a trust account (Broker’s Trust Account) during the term of the management

contract (as mandated by state law). All of the company’s management accounts will have funds in

this account but each will have its own accounting ledger.

ACCOUNTING PROCEDURES

The broker’s trust account is reconciled monthly and an annual audit is conducted by the Nevada

Real Estate Division. Furthermore, the reconciled accounts are submitted to the state of Nevada

Real Estate Division once a year for their review, prior to December 31.

PAYMENTS SENT TO THE LANDLORD

The owners should expect to receive rent dispersal usually after the 10th

of each month. In

situations where the tenant pays late or does not pay rent at all, a delay of fund dispersal may occur.

Frequently, if the tenant pays early enough, we can deliver to the post office by the 8th

.

An owner may choose one of many methods of rent disbursement that Manago Management

provide. An owner may elect to have the rental disbursement sent to them via U.S. Postal Service,

directly deposited into their banking account, or held in reserve until they arrive in town with their

many frequent visits to Las Vegas.

WHO IS CONTACTED IN CASE OF AN EMERGENCY?

All emergencies are handled at the discretion of the property manager. When, for instance, the hot

water heater explodes in the middle of the night, a tenant may typically call one of our numbers

immediately. We handle any emergencies as quickly as is reasonably possible though sometimes it

is impossible to address a tenant’s needs as fast as the tenant feels is necessary. In any emergency

situation, the owner will be notified promptly, but typically during business hours unless at the

property manager’s discretion, it is important to call the owner otherwise.

REPAIRS AND NECESSARY MAINTENANCE

Repairs expected of the owner are paid from the owner’s funds. At other times, repairs will be

conducted at the manager’s discretion. All repair cost will be the responsibility of the owner. If the

owner does not provide the funds needed for the needed repairs or the owner’s account is

inadequately insufficient, then the manager may deduct the repair cost from the rent proceeds that’s

paid by the tenant.

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Minor repairs ($300.00 or less) are usually decided upon by the property manager unless the owner

objects. We will send the appropriate maintenance vendor to provide for the repair service and

deduct our cost from the monthly rent proceeds provided by the tenant. The rental disbursement

“recap sheet” sent to the owner will indicate the repair deduction.

When the property is vacated the property manager will contact and arrange for any necessary

cleaning or repair contractors as soon as possible to bring the property back to rentable condition as

quickly as is reasonable. We recognize that there will typically be a few days between tenants after

a change of tenancy but we will always strive to make this turnover period as brief as possible. We

recognize the economic impact of a prolonged vacancy.

WHEN THE TENANCY IS TERMINATED

A tenant is bound by law to perform under the provisions of the lease agreement. From time to time

extenuating circumstances may make this impossible. When a tenant prematurely vacates the

leasehold without proper notice, the tenant is still responsible for the monthly rent until a suitable

new tenant can be found and a new cycle of rents have commenced. However, a court order is

needed in order to force the terminated tenant to pay. When this situation occurs, the owner will be

informed and advised on what best course of action to pursue.

All tenants are entitled by law to the right of “quiet enjoyment” of their rental during the period of

their tenancy. As property managers and landlords, we must, by law, give at least a 24 hour notice if

we wish to enter their residence. In an effort to reduce the period of vacancy to its absolute

minimum, we sometimes ask a vacating tenant to allow us access to show the property to

prospective new tenants with shorter notice. Under these circumstances, we find that some renters

are not understanding and do not allow agents to enter the property, even with proper notice. Some

tenants also object to an electronic lock box being installed on the property that they occupy. Some

tenants feel that the lockbox and premature showings compromise their privacy and violate their

leasehold interest. During this situation, an owner will be advised on the best course of action to

pursue.

THE INITIAL AND THE FINAL WALK-THROUGH INSPECTIONS

When we give the keys to a new tenant, we walk-through the premises and record the condition of

the property on an appropriate form. We note any problems that are not the responsibility of the

incoming tenant. Still pictures are taken to insure that the tenant cannot deviate from the true

condition of the property on the onset of the tenancy.

When a tenant finally vacates the residence, the Management Company does a “final walkthrough”

of the property to appraise the property’s condition. We compare the condition of the property to

pictures documented at the onset of the tenancy. If the tenant returns the property in a condition

equal to or better than the original condition at the beginning of the tenancy, their security, cleaning,

pet, and other deposit is then returned. We will determine what fees, if any, may be appropriate to

subtract from the security deposits. A property returned in clean and rentable condition means the

tenants will get more money back.

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OUR FEES

Most find that our fees are very reasonable and that we work hard to earn them. We find that our

fees are very competitive within our profession in our area of the country. We charge a $295.00

property set-up fee so that we may enter your property into our system and begin the process of

management and leasing. We charge one half of the first month’s rent (minimum charge of $500)

for leasing activities and most of that fee goes into advertisement so that your home will experience

a very minimal vacancy factor. We input your property into the multiple listing service (MLS) so

that other real estate agents can show your property and eventually produce a viable tenant, thus

maximizing your property’s exposure to the open rental market and minimizing vacancy ($250 co-

op fee required and charged to your property. And finally, 10% of each month’s rent (minimum

charge of $100) thereafter for the term of each tenant for management activities

As professionals, our time and our expertise are extremely valuable. Additional charges may result

from extra time required of the manager in small claims court, serving eviction notices or

overseeing the refurbishing or redecorating of a rental property. Commercial accounts are evaluated

on a “to-be-determined or TBD” basis.

THE TERM OF OUR PROPERTY MANAGEMENT CONTRACT

Typically our property management agreements are for a period of not less than one year. The

agreement is assumed to be self-renewing in the absence of a signed document terminating the

terms.

SALE OF THE PROPERTY DURING THE TERM OF THE MANAGEMENT

CONTRACT Situations change and from time to time an owner will decide that it is in their best interest to

liquidate their real estate asset. Manago Management, LLC is a full service real estate brokerage

and as a licensed real estate brokerage we are actively involved in the business of selling properties.

As per the initial Owner/Management agreement, we request the right to represent the sale of the

property during the term of the agreement. This includes a sale to the current tenant or to a new

buyer. Our marketing efforts will utilize all of the professional tools at our disposal, including, but

not limited to, the MLS, Commercial Property Listing services, various site and promotional signs,

printed advertisements (flyers and newspapers) and the cooperative efforts of our agents and agents

from other companies. Manago Management, LLC is very competitive with their brokerage charges

and can meet or beat any other brokerage charges to sell any real estate in southern Nevada. Should

any tenant ultimately purchase a property after being introduced to that property by our company,

then Manago Management, LLC, as the procuring cause to that transaction, is entitled to their

earned brokerage fee whether the property is currently being managed by us or not. Commissions

may be adjusted and negotiated on a case-by-case basis. All commercial fees are to be determined

on a case-by-case basis, subject to the specific property.

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SAMPLE

RESIDENTIAL LEASE AGREEMENT

SAMPLE

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1651 E. Sunset Road, Suite #A-106

Las Vegas, NV 89119

Office: (702) 614-8007

www.ManagoManagement.com

Page 1 of 5 RESIDENTIAL LEASE AGREEMENT

By this agreement made and entered into this date ______________________ between

_______________________________________________________________ herein referred to as Lessee or

TENANT, and, Manago Management LLC., it’s Agents, Brokers, Property Managers

and/or Assigns Herein referred to as Lessor or Landlord or agent for the owner. Lessee hereby offers to rent

from the lessor the premises situated in the County of Clark, State of Nevada, commonly described as:

______________________________________________________________________

Lessee stipulates that he has examined the premises, including the grounds and all buildings and improvements, and that

they are, at the time of signing of this lease, in good order, repair, safe, clean, and habitable condition. At the expiration

of the lease term, lessee shall quit and surrender the premises hereby in as good state and condition as they were at the

commencement of this lease. If lessee surrenders the premises in a state unacceptable by the lessor, the lessor may

charge a cleaning/damage fee; the fee may be taken from the security deposit. A move-out inspection document will be

utilized to assess the overall condition of the premise upon vacating by the tenant.

OWNERS: The owner (s) of this specific dwelling to be rented based on recorded county records are:

____________________________________________________________________________________ Owner’s

name & address (NRS 118A.260)

TERM: ONE YEAR. The term hereof shall commence on ___________ and continue until _____________. If either

party needs to terminate this lease, he/she should give the other party 30 days written notice delivered by certified mail

or other method acceptable by both parties. Should lessee remain in possession of the premises with the consent of

lessor after the natural expiration of this lease, the tenancy period will become a month-to-month tenancy that shall be

subject to all the terms and conditions as this original lease agreement. In the event Lessee terminates agreement prior

to the expiration date, said security deposit is hereby forfeited in full. If tenant vacates before the term ends, or tenant

fails to give proper notice or does not give any notice to vacate, tenant will be liable for the balance of the rent for the

remainder of the term. However, All reasonable methods will be utilized to re-rent the premises to avoid tenant’s

obligation to the contractual term.

RENT: Lessee agrees to pay to Lessor as rent for the premises the sum of $ per year, payable in

monthly payments of $___________, upon the 1st day of each calendar month to the Lessor. In the event rent is not

paid within three (3) days after the due date, lessee agrees to pay a late charge of 5% of the rental amount. Rent due

plus late charge must be paid in order for tenancy to be reinstated to current from delinquent. If a notice of service is

initiated by the landlord, said serving fee incurred by the landlord must also be paid with all outstanding balance due

landlord. Partial payments may not be accepted. A charge of $50.00 will be assessed to the tenant’s total delinquent

balance if a “5-day notice to pay or quit” is served to the tenant. Any failure by lessee to pay rent when due, or

perform any term hereof shall, at the option of the lessor, terminate all rights of lessee hereunder. Eviction proceedings

will immediately commence for failure to pay rent when requested by the lessor. All charges such as court fees,

Constable serving fees, administrative fees that are incurred and demanded by the lessor must be paid for by the tenant

that is delinquent with their rental payments. The Eviction process will be in accordance with Nevada Revised Statutes

(NRS) chapter 118A.

______ ______ Tenant's Initial Tenant's Initial

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PAGE 2 of 5

If any check offered by tenant to landlord in payment of rent or any other amount due under this agreement is returned

for lack of sufficient funds, a "stop-payment" or any other reason, the tenant will pay landlord a returned check charge

of $50.00. Tenant must immediately pay the balance due as a result of the “bounced check” plus penalties due landlord.

Failure to immediately make good on the insufficient check and penalties imposed will result in the immediate eviction

proceedings to commence. Tenant should be aware of the criminal sanctions and penalties for issuance of a check,

which the tenant knows, is drawn upon insufficient funds and which is tendered for the purpose of committing a fraud

upon a creditor. Lessee shall pay all future rental payments by certified funds thereafter. Acceptance of rent due by

lessor after any default shall not be construed to waive any right of lessor or affect any notice of legal action. Lessor is

not responsible for lost or misdirected mail or mail with insufficient postage. The latter will not serve as an excuse or

reason for late rent, late fees will still be charged accordingly. Rent payments must be delivered to the address indicated

on the correspondence addendum attached. It is expressly understood that this agreement is between the lessor and

each signatory individually and severally. In the event of default by any one signatory, each and every remaining

signatory shall be responsible for timely payment of rent and all other provisions of this agreement.

SECURITY DEPOSITS/OTHER DEPOSITS: Tenant is required to pay a security deposit as a condition of the

tenancy requirement for the renting of said dwelling, in the amount as stipulated on Page 6 of this agreement. Security

deposit is Not applicable to last month's rent or to be used in any way, shape or form, in lieu of rent. Upon lawful

termination of the tenancy by either party for any reason, the lessor may claim, of the security deposit, such amounts as

reasonably necessary to remedy: defaults in the payment of rent, repair damages to the premises other than normal wear

and tear, and payment of the reasonable costs of cleaning of the exterior and/or interior of the premises. The

termination of the tenancy is contingent upon the surrender of all the dwelling’s keys. In the event Lessee terminates

agreement prior to the expiration date, said security deposit is hereby forfeited in full. All deposits will be placed into a

bank account under the landlord’s control. Any and all interest, if any, accruing therefore shall be the property of the

landlord as compensation for maintaining and administering the account. The security deposit shall be accounted for

and settled with the tenant within thirty (30) days of vacating said dwelling according to Nevada Revised Statutes.

NUMBER OF OCCUPANTS: Lessee agrees that the premises shall be occupied by no more than _____ persons,

consisting of _ adult(s) and child (ren). Occupants of the premises shall be limited to:

////////////nothing follows////

In no event shall any guest remain on the premises for more than 30 days.

USE OF PREMISES AND RESTRICTIONS: The premises shall be used and occupied by lessee exclusively as a private

single family residence (dwelling) used solely for housing accommodations and for no other purpose and neither the premises nor

any part thereof shall be used at any time during the term of this lease by lessee for the purpose of carrying on any business,

profession, or trade of any kind, or for any purpose other than as a private single family residence. Lessee shall comply with all the

sanitary laws, ordinances, home owner’s association by-laws/rules, and orders of appropriate governmental authorities affecting the

cleanliness, occupancy, and preservation of the premises, and the sidewalks connected thereto, during the term of this lease. Lessee

hereby agrees to abide by the CC & R’s, rules and regulations of any homeowners association or management company that may

have authority if this premise belongs to such an association. Lessee further agrees to be responsible for any and all fines levied as a

result of failure to do so by himself, his family, licensees, or guest. Such fines shall be considered as an addition to rent and shall be

due along with the next monthly payment of rent. Lessee shall not commit waste, excessive noise or create a nuisance in on or about

the premises or other unreasonable disturbances to others. All Home Owner’s Association fines or charges imposed on the landlord

that is caused by the tenant’s action or lack thereof will be passed through to the tenant. The manager may initially pay for any fines

and/or charges imposed on the dwelling by the Homeowner’s Association, however, the tenant will be charged the actual fine

imposed plus an administrative charge of $25.00.

RESTRICTIONS: Tenant shall not have a waterbed on the premises. Tenant shall not keep or permit to be kept in, on, or about

the premises; boats, campers, trailers, recreation vehicles, mobile homes, non-operative vehicles, non-registered vehicles, without the

written consent of the landlord. No mechanical work on vehicles shall be permitted on premises.

ENTRY AND INSPECTION: Tenant shall permit owner or owner's agents to enter the premises at reasonable times

and upon reasonable notice for the purpose of inspecting the premises, or appraising, or showing the same to

prospective tenants and/or purchasers, or for making necessary repairs. Tenant shall not reasonably deny Lessor his/her

rights of entry to the premises. Lessor shall have the right to enter in case of emergency and other situations as

specifically allowed by law.


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PAGE 3 of 5

MOVE-IN INSPECTION: Tenants should note any and all defects of the property and should submit their form

noting any and all defects to landlord within 5 days of taking possession of the property in order to be credited for pre-

existing conditions at the move-out inspection.

ASSIGNMENT AND SUBLETTING: Lessee shall not assign or transfer this agreement or sublet any portion of the

premises without written consent from the lessor. An assignment, subletting, transfer, concession, or license without

the prior written consent of lessor, shall be in violation of this agreement and shall at lessor's option terminate this lease.

RENTER’S INSURANCE: It is highly advisable and recommended by the lessor, that lessee obtain renter’s insurance

to insure their personal property from unforeseen damages that may occur within the premises while residing on the

property. NOTE: Landlord’s insurance does not cover lessee’s belongings. (Lessor’s homeowner’s insurance (hazard

insurance) will not provide compensation to lessee for damage to their personal property.)

UTILITIES/SERVICE: Lessee shall be responsible for arranging for and paying for ALL utility services required on

the premises, except that Garbage/Trash, Sewage/Sewer. Association Dues, Taxes and Assessments shall be

provided by lessor. Lessee shall IMMEDIATELY connect all utilities and services of the premises upon

commencement of this lease and have the utility service billings placed in the tenant’s name. Manager and/or Landlord

will have the utility services shut off in their name within 3 days after the signing of this lease. Any default by the

tenant in providing timely payment to the utility providers shall be material breech of this lease or failure to transfer the

utility billings in the tenant’s name. Lessor will not be responsible for the payment to the utility provider in cases where

tenant fails to pay their utility bills and results with the shutting off of the utility service(s).

MAINTENANCE and REPAIRS: Lessee shall report to the lessor any defect or natural wear pertaining to plumbing, wiring or

workmanship on the premises. Lessee shall be responsible for any repairs necessary to the subject premises up to and including the

cost of $45.00 (e.g.. light bulbs, batteries, air filters, fuses, home warranty co-pay, etc.) Lessee agrees to pay for all repairs,

replacements and maintenance caused by his misconduct, negligence and that of his family, pets, licensees, invitees, or guests, and at

lessor’s option such charges shall be paid immediately or be regarded as additional rent to be paid no later than the next monthly

payment date following such repairs. Lessee is responsible for and agrees to pay for any damage done by wind or rain caused by

leaving windows open and/or by overflow of water, or stoppage of waste pipes, or any other damage to appliances, carpeting or the

building in general that is due to the acts of or omissions the lessee or a guest of the lessee. Lessee agrees, at lessee’s expense, to

change the filters in the heating and air conditioning systems regularly to avoid dust build-up/restriction that may render the unit

inefficient. Lessee shall further keep the dwelling in a clean and sanitary condition and shall otherwise comply with all state and

local laws requiring tenants to maintain the rented premises. All repairs shall be conducted according to Lessor’s management

policy. No maintenance repairs above the capacity of the tenant are to be performed by the tenant.

Lessee agrees to maintain lawns, shrubs, and tress. Lessee agrees to water same, keep grass mowed, trees trimmed and in

good condition. If the lessee fails to maintain the landscaping in a satisfactory manner, lessor may have the landscaping

maintained by a landscaping contractor and charge lessee with the cost of such landscaping maintenance. Said cost will

become a part of the next monthly rent.

If the property has an alarm system, lessee may have the alarm activated at lessee’s expense. Lessee shall bear responsibility for

the maintenance and monthly monitoring fee and other service charges imposed by the alarm company.

AFTER HOURS MAINTENANCE: Lessee may elect to contact the Manager to perform after hours maintenance (After 5:00 P.M.

weekdays), However, Lessee will be charged a fee in the amount of $65.00 for any maintenance service that is performed after

normal business hours

PEST CONTROL: Within 60 days of occupancy, if the property has pest (bugs, rodents, etc.) Lessor, at lessee’s

request, will arrange for and pay for the initial pest control until such pest has been controlled (maximum 60 days of

treatment). Then lessee, at their discretion, may schedule and pay for monthly pest maintenance/control.


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PAGE 4 of 5

INVENTORY: Property inventory includes:

Stove _____________________________ Microwave____________________________

Dishwasher _________________________ Washer _______________________________

Refrigerator _________________________ Dryer ________________________________

House entry keys____________________ Mailbox keys______________

OTHER EQUIPMENT ________________

Pool keys__________________________ Clubhouse keys____________

____________________________________

Remote garage door opener____________ Other keys________________

____________________________________

Window coverings ___________________ Ceiling fans ______________

Pool & Spa equipment ________________ Water conditioning equipment ____________

And all other items that would constitute as fixtures to the said property.

ALL properties listed above must be accounted for upon surrendering said premise by virtue of vacating, either

voluntary or involuntary prior to the return of security deposit, pet deposit, and other deposit, if any. Any deposit(s) to

be released to tenant upon the termination of the tenancy is contingent upon the return or surrender of the above items in

a condition that are the same or better than the commencement of the tenancy.

INDEMNIFICATION: Lessor shall not be liable for any damage or injury to tenant, or any other person or to any property,

occurring on the premises, or any part thereof, or in common areas thereof, and tenant agrees to hold owner harmless from any claims

for damages no matter how caused.

Attorneys fees; in the event that owner shall prevail in any legal action brought by either party to enforce the terms hereof or

relating to the premises, owner shall be entitled to all costs incurred in connection with such action, including a reasonable attorney's

fee.

Partial invalidity: In the event that any provision of the agreement shall be held invalid or unenforceable, such ruling shall not

affect in any respect whatsoever the validity or enforceability of the remainder of this agreement.

In the event of a default or breach to this agreement by the tenant(s), owner may elect to (a) enforce all his rights and remedies

hereunder, including the right to recover money damages for the default, or (b) at any time, terminate all of tenant's rights hereunder

and recover from tenant all damages he may incur by reason of the breach of the lease, including the cost of recovering the premises,

and including the worth at the time of such termination, or at the time of an award if suit be instituted to enforce this provision, of the

amount by which the unpaid rent for the balance of the term exceeds the amount of such rental loss which the tenant proves could

have been reasonably avoided. Lessor may then re-enter the premises and remove all persons therefrom.

Violations of any part of this agreement shall be material violation of the entire agreement and good cause for termination of

tenancy. A single violation of any of the provisions of this agreement shall be deemed a serious violation and a material

noncompliance with the lease. It is understood and agreed that a single violation shall be cause for termination of the agreement.

Unless otherwise provided by law, proof of violation shall not require criminal conviction, but shall be by a preponderance of the

evidence.

ABANDONMENT: If at any time during the term of this lease, lessee abandons the premises or any part thereof,

lessor may enter the premises by any means without being liable for any prosecution therefore, and without becoming

liable to lessee for damages or for any payment of any kind whatever, and may re-lease the premises or any part thereof,

for the whole or any part of the then un-expired term, and may receive and collect all rent payable by virtue of such re-

leasing, and hold lessee liable for any difference between the rent that would have been payable under this lease during

the balance of the un-expired term, if this lease had continued in force, and the net rent for such period realized by

lessor by means of such re-leasing. If lessor's right of re-entry is exercised following abandonment of the premises by

lessee, then lessor may consider any personal property belonging to lessee and left on the premises to also have been

abandoned, in which case lessor may dispose of all such personal property in any manner lessor shall deem proper and

is hereby relieved of all liability for doing so.


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PAGE 5 of 5

ANIMALS/PETS: Lessee shall keep no domestic and/or exotic animals on or about the leased premises without the

written consent of lessor. Tenant shall not keep or harbor any vicious animals on or about the premises. A Pet Agreement

Rider must be attached to this contract if an animal is allowed by the lessor. Tenant agrees to abide by all pet/animal

rules and restriction imposed by the lessor and as stipulated therein. Animals allowed will be at the discretion of the

landlord and that privilege of allowing such animals to be kept on the premise may be revoked at any time by the

landlord without cause. Additional security deposit (pet deposit) may be required and paid in advance for allowing an

animal to be kept on the premise. Lessee agrees to indemnify lessor for any and all liability and damages which lessor

may suffer as a result of lessee’s pet/animal. Animals kept and used in the assistance with human disabilities (service

animals) are exceptions to this policy; the burden of proof shall be the responsibility of the tenant. Any breach by the

tenant in abiding by the rules imposed on them relative to their pets by the lessor will be considered a breach of this

rental agreement, and lessor may terminate the tenancy.

ALTERATIONS AND IMPROVEMENTS: Lessee shall make no alterations to the buildings on the premises or

construct any building or make other improvements on the premises without the prior written consent of lessor. All

alterations, including adding additional phone/cable lines, changes, and improvements built, constructed, or placed on

the premises by lessee, must have written authorization from the landlord/manager. Unless otherwise provided by

written agreement between lessor and lessee, all improvements and/or alterations be construed as a fixture and be the

property of lessor and remain on the premises at the expiration or sooner termination of this lease. Lessee shall be

responsible for all repairs required for damages caused by their alterations and improvements to the property. Lessee

shall be responsible for restoring the premises to the original condition.

DESTRUCTION OF THE PREMISES: In the case of the property being destroyed by fire or other calamities, this

lease agreement may be terminated by the landlord. The declaration of non-habitability by any governing agencies such

as firefighting personnel or condemnation of the dwelling by any government agencies shall also serve as the basis for

the termination of this lease. If the property is unfit for habitable use due to the destruction of the premise either in

whole or in part, then the landlord shall terminate this lease. Lessor shall not be liable for any damage or injury to tenant, or any other person or to any property, occurring on the premises, or any

part thereof, or in common areas thereof, and tenant agrees to hold owner harmless from any claims for damages no matter how

caused. The owner may pursue legal action against the tenant if the destruction of the premise is caused by the tenant, their invitees,

or guest and regardless whether the damages are caused by accident or intentional.


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17

CHARGES AND DEPOSIT RECEIPT Must be paid prior to occupancy

RECEIVED

Security deposit $ _________

Cleaning Charge (Non-Refundable) $ _________

Transmitter, Gate, Remoter garage door opener $ _________

House key Deposit $ _________

Pet deposit (If applicable) $ ____250.00

Administrative fee (non-refundable) $ _____60.00

Application fee (Non-Refundable) $ _________

Credit report fee $ _________

Last month’s rent $__________

Other-------------------------------------------------------- $ _________

TOTAL: $ _________

Additional Monies Due: _____________ For:

________________________________________________

RECEIVED from _________________________________ herein referred to as lessee, the sum of

__________________ Evidenced by_________________. Upon acceptance of this payment by the lessor, will make

this lease valid and in effect as of the date signed.

The foregoing constitutes the entire agreement and may include addendums and/or

attachments between the parties and supersedes or replaces all other past or present

leases, contracts or rental agreement that both parties may have, (Novation). This

rental agreement may be modified or amended only by mutual consent in writing

signed by both parties. Violations of any provisions shall be material violation of the

agreement and good cause for termination of tenancy.

The preceded agreement is accepted and agreed to jointly and severally. The undersigned have read this contract and

understands and agrees to all provisions thereof and further acknowledge that they have received a copy of said

contract. In case of conflict between the provisions of an addendum and any other provisions of the agreement, the

provisions of the addendum shall govern. Please seek legal aid and/or counsel if you do not understand any parts of this

agreement.

_________________________________________

__________________________________________

Tenant Print Name and Sign and Date Owner of record Print Name and Sign or

Property Mgr.

___________________________________________________ ____________________________________________________

Tenant Print Name and Sign and Date Owner of record Print Name and Sign or

Property Mgr.

___________________________________________________

____________________________________________________

Tenant Print Name and Sign and Date Property Manager or Agent for the Owner


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PAGE 1 of 2 PET AGREEMENT RIDER (ADDENDUM TO RENTAL AGREEMENT)

The rental agreement specifically prohibits keeping pets without the owner’s permission, tenant agrees to the following

terms and conditions in exchange for this permission.

Tenants agree to pay immediately for any damage, loss, or expense caused by their pet, and an

additional amount of $250 must be added to their security deposit, any of which may be used

for cleaning, repairs, or damages caused by their pet when tenants vacate.

1. Tenants agree to keep their pets under control at all times and agree not to leave their pet unattended for any

unreasonable periods. Tenants also agree to dispose of their pet’s droppings properly and quickly.

2. Tenants agree not to leave food or water for their pet or any other animal outside their dwelling.

3. Tenants agree to keep their pet from causing any annoyance or discomfort to others and will remedy

immediately any complaints made through the owner or by the neighbors to the tenant.

4. Tenants agree not to purposely breed or allow their pet to have offspring’s.

5. All Cats must be neutered/spayed and declawed, otherwise the cats will not be allowed on the premise.

No exception

6. No more than 2 dog or 2 cats or a combination thereof may be allowed on the leased dwelling. Only the

owner and/or Manager may modify the number of pet(s) allowed on the premises. Other pets will be at the

discretion of the Manager or Owner.

7. Tenants agree that owners reserve the right to terminate the tenancy should tenants break this agreement.

8. Tenant agrees that this agreement covers the described named pet below only and that no other pets are

authorized.

9. Tenants agree to keep their pet in accordance with the applicable homeowner’s association CC & R’s, local

government ordinances, and any government laws, statutes, and/or conditions.

Our Home Owner’s Insurance Policy clearly prohibits the harboring and possessing of the following

pets/animals within the compounds of the rental dwelling. No animals of such breeds will be

allowed on the premises. No exception.

* Pit Bull * Presa Canarios * Bull Mastiff * Boxer

* Doberman * Wolf Hybrids * Akitas * German

Shepherd

* Rottweiler * Great Dane * Staffordshire Terrier

* Chow * Siberian Husky * Bull Terrier


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PAGE 2 of 2

THE FOLLOWING PET(S) ARE ALLOWED ON THE RENTAL PROPERTY WITH THE OWNER’S

PERMISSION.

______________________________ ____________________________ ______________________________

NOTICE: The Henderson Municipal Code pertaining to animal noise reads:

It shall be unlawful for any person to own, keep, harbor or possess any animal, which, by loud or

frequent habitual barking, yelping, braying or other noise, causes annoyance to the neighborhood,

or to any person in the vicinity. It is also against state law under Summary NRS 202.470 to create a public nuisance or to allow any building to be used

for a public nuisance, Nuisance such as to allow dogs to bark or yelp uncontrollably. Any person who willfully refuses

to remove such a nuisance when there is a legal duty to do so, is guilty of a misdemeanor. A public nuisance may be

reported to the local sheriff’s office.

Any violation of the above rules constitute a violation of this rental agreement and the

landlord may terminate this agreement in it’s entirety and may request the assistance of the

City Constable and/or Animal Control Agency for the proper eviction of the tenant and the

removal of their animal/pets.

_____________________________________________ ____________________________________ TENANT (Print, sign, date) Owner / Property Mgr.

_____________________________________________ TENANT (Print, sign, date)

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CORRESPONDENCE

PLEASE SEND RENT PAYMENT AND ALL CORRESPONDENCE TO:


ATTN: Property Management Division

P.O Box 94556

Las Vegas, NV 89193

MAKE CHECKS PAYABLE TO:

1.) Manago Management

2.) Write property address on the memo line or "for" line, (bottom left corner of check)

REMEMBER:

1.) Rent is due on the 1st of every month.

2.) Rent is late after the 3rd of the month. Late charges may apply.

3.) A pay or quit notice may be served by the 8th of the month. A serving fee in the

amount of $50.00 will be due with your rent payment, along with late charges.

4.) Exceptions with the above may apply if the dates fall within holidays and/or weekends.

Call if you have any questions,

__________________________

Property Manager/phone #


(702) 614-8007

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UTILITIES/SERVICE

Property Address: ___________________________________________

Lessee shall immediately connect all utilities and services of the premises upon commencement of

this lease.

SERVICE PROVIDER CONTACT PHONE

Electricity/Power Nevada Power: 367-5555

Water Service Las Vegas Valley Water District: 870-4194

Water Service City of North Las Vegas (Water) 633-1484

Water Service City of Henderson (Water) 267-5900

School Clark County School District 799-7573

Natural Gas Southwest Gas Corporation: 365-1555

Phone Service Sprint Communications: 244-7400

Cable TV Cox Communication (Cable) 383-4000

Internet cable service Cox Communication (Cable) 383-4000

Sprint Communications: 244-7400

Trash/Sanitation Republic Silver State Disposal 735-5151

Sewer Service Clark County Sanitation District 458-1180

City of Henderson 267-5900

Hospital University Medical Center (UMC) 383-2000

Motor Vehicle Registration Nevada Dept. of Motor Vehicles 486-4368

Call if you have any questions,

__________________________

Property Manager and phone #

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Statutory Disclosure for Residential Leases

NRS 118A.200(l) requires in any written rental agreement for the use and occupancy of a dwelling

unit or premises, the following disclosure:

It is a misdemeanor to commit or maintain a public nuisance or to allow any building or boat to be used for a public nuisance. Any person who willfully refuses to remove such a nuisance when there is a legal duty to do so, is guilty of a misdemeanor. Summary NRS 202.470, A public nuisance may be reported to the local sheriff’s department. A violation of building, health or safety codes or regulations may be reported to the responsible government entity in your local area such as the code enforcement division of the county/city government or the local health or building departments.”

Public Nuisance Defined NRS 202.450.

1. A public nuisance is a crime against the order and economy of the state.

2. Every place:

(a) Wherein any gambling, bookmaking or pool selling is conducted without a license as provided by law, or wherein any

swindling game or device, or bucket shop, or any agency therefore is conducted, or any article, apparatus or device useful

therefore is kept;

(b) Wherein any fighting between animals or birds is conducted;

(c) Wherein any dog races are conducted as a gaming activity;

(d) Wherein any intoxicating liquors are kept for unlawful use, sale or distribution;

(e) Wherein a controlled substance, immediate precursor as defined in NRS 453.086 or controlled substance analog as defined in

NRS 453.043 is unlawfully sold, served, stored, kept, manufactured, used or given away; or

(f) Where vagrants resort, is a public nuisance.

3. Every act unlawfully done and every omission to perform a duty, which act or omission:

(a) Annoys, injures or endangers the safety, health, comfort or repose of any considerable number of persons;

(b) Offends public decency;

(c) Unlawfully interferes with, befouls, obstructs or tends to obstruct, or renders dangerous for passage, a lake, navigable river,

bay, stream, canal, ditch, millrace or basin, or a public park, square, street, alley, bridge, causeway or highway; or

(d) In any way renders a considerable number of persons insecure in life or the use of property, is a public nuisance.

4. Agricultural activity conducted on farmland consistent with good agricultural practice and established before surrounding

nonagricultural activities is not a public nuisance unless it has a substantial adverse effect on the public health or safety. It is

presumed that an agricultural activity, which does not violate a federal, state or local law, ordinance or regulation, constitutes good

agricultural practice.

5. A shooting range is not a public nuisance with respect to any noise attributable to the shooting range if the shooting range is in

compliance with the provisions of all applicable statutes, ordinances and regulations concerning noise:

(a) As those provisions existed on October 1, 1997, for a shooting range that begins operation on or before October 1, 1997; or

(b) As those provisions exist on the date that the shooting range begins operation, for a shooting range in operation after October 1,

1997. A shooting range is not subject to any state or local law related to the control of noise that is adopted or amended after the

date set forth in paragraph (a) or (b), as applicable, and does not constitute a nuisance for failure to comply with any such law.

6. As used in this section, "shooting range" has the meaning ascribed to it in NRS 40.140.

Tenant acknowledges receipt of Statutory Disclosure, or alternatively, Landlord, Landlord’s agent

or Property Manager, attests to delivery of said Statutory Disclosure to Tenant.

________________________________________ Dated: ________________________

__________________________________ Tenant

Property Address: _______________________________________________________________________________________

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CRIME FREE LEASE ADDENDUM

ANY VIOLATION OF THE FOLLOWING STATEMENT SHALL BE CAUSE FOR IMMEDIATE

TERMINATION OF THIS LEASE/CONTRACTUAL AGREEMENT.

Tenants, any member of the tenant’s household, a guest or any other person affiliated with the resident at or near

the resident premises must comply with the following, and any violation of the following provisions shall be material

and irreparable violation of the lease and good cause for immediate termination of tenancy.

1.) Summary of NRS 202.470. It is a misdemeanor to commit or maintain a public nuisance or to allow any building or

boat to be used for a public nuisance. Any person, who willfully refuses to remove such a nuisance when there is a legal duty to do

so, is guilty of a misdemeanor and will be subject to removal from the dwelling.

2.) A public nuisance may be reported to the local sheriff’s department. A violation of building, health or safety codes or

regulations may be reported to the responsible government entity in your local area such as the code enforcement division of the

county/city government or the local health or building department.

The above notice is in compliance with NRS 118A effective July 1st, 2001.

3.) Tenants or their invitees, or guest shall not engage in criminal activity, including drug-related criminal activity, on or near

the said premises. "Drug-related criminal activity" means the illegal manufacture, sale, distribution, use, or possession with intent to

manufacture, sell, distribute, or use of a controlled substance as defined in Nevada Revised Statutes.

4.) Tenants or their invitees, or guest shall not engage in any act intended to facilitate criminal activity and will not permit the

dwelling unit to be used for, or to facilitate criminal activity. Tenants shall not engage in any acts of prostitution, criminal street gang

activity, threatening or intimidating, the unlawful discharge of firearms, or any breach of the lease agreement that otherwise

jeopardizes the health, safety and welfare of the landlord, his agents or other tenant or involving imminent or actual serious property

damage.

5.) Tenants or their invitees, or guest shall not engage in the unlawful manufacturing, selling, using, storing, keeping, or giving

of a controlled substance as defined in Nevada Revised Statutes.

6.) Suspected drug activity on said premises will be considered a breach of the lease and cause for immediate eviction.

Lessee, any member of lessee’s household, or a guest or other person under lessee’s control shall not engage in criminal activity,

shall not engage in any acts intended to facilitate criminal activity, shall not engage in any acts of violence, on or near the subject

leasehold premises. Proof of violation shall not require criminal conviction, but shall be by a preponderance of the evidence.

7.) Tenants shall not use the premise for any commercial enterprise or for any purpose which is illegal or criminal and

unlawful against State, Federal, City or County ordinances nor shall tenants commit waste, excessive noise or create a nuisance in on

or about the premises or other unreasonable disturbances to others.

DEFAULT: Failure by lessee to pay rent, perform any obligation under this agreement, engaging in activity prohibited

by this agreement, or failing to comply with any and all applicable laws, shall be considered a default hereunder. Upon

default, lessor may at their option, terminate this tenancy upon giving proper notice. Lessor may thereafter pursue any

and all legal and equitable remedies for the collection or default thereof. Acceptance of rent due by lessor after any

default shall not be construed to waive any right of lessor or affect any notice of legal action.

ADDITIONAL TERMS AND CONDITIONS:

______________________________________________________________________________________________

_______________________________ _______________________________ TENANTS (Print, Sign, Date) TENANTS (Print, Sign, Date)


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24


ADDITIONAL TENANT RESPONSIBILITY and Other

DISCLOSURES

1.) Tenant agrees to change filters in the heating and air conditioning systems at least once

every month, at tenant's own expense. Any repairs to the heating or cooling system caused

by dirty filters due to tenant neglect will be the responsibility of the tenant.

2.) Any repairs that are needed and caused by tenant’s actions of lack thereof will be the

responsibility of the tenant.

3.) Broken windows or any glass replacement, regardless of cause of damage shall be the

responsibility of the tenant.

4.) Tenant shall be responsible for all minor electrical problems such as light bulb replacement,

batteries, fuses, etc.

5.) BBQ grills must be at least ten feet away from the structure.

6.) If entry locks must be changed due to tenants action (lost key, unauthorized persons having

keys, misplaced keys, etc.), tenants will be charged accordingly for such expense incurred.

7.) Tenant must turn-off the water valve to the washing machine if the tenant is leaving the

dwelling for long periods of time (Vacation, out-of-state trips, other travel, etc.), to insure

that no flood damage occur from a ruptured or burst washing machine hose.

8.) Tenants will respect other neighbor’s privacy and will abide by city/county ordinance

relative to noise control, pet control, car repair noise, and minimize other nuisance activity.

Renter's Insurance Disclosure

Dear Tenants:

We thought that you might like to know how you are affected by the insurance policy that we carry on the

home that you occupy. We carry a Landlord’s coverage policy. Our policies cover only the building itself where you

live. They do not cover any of your belongings against damage or disappearance, nor do they cover you for negligence

should you, for example, leave a burner going under a pan and start a fire that damages the kitchen.

To protect yourself against these calamities, you should get insurance coverage under a tenant’s insurance

policy. Most insurance companies and agents will write such a policy for you.

We strongly urge and recommend that you acquire renter's insurance to cover the potential loss of any property

owned by the occupants of the premises that you are renting. Also, renter's insurance may cover additional claims that

may arise due to unforeseen circumstance caused by the occupants of the dwelling that you inhabit. Inquire with a

professional insurance agent for more information about renter's insurance.

For the peace of mind that it gives, a tenant’s insurance policy is reasonable indeed. ______ ______

Tenant's Initial Tenant's Initial

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25

SWIMMING POOL AND/OR SPA ADDENDUM

1.) Tenant agrees to maintain and clean pool.

2.) Tenant agrees to provide for the ongoing expense of maintaining a pool and/or spa.

3.) Tenant agrees to maintain the water level, sweep, clean, and keep in good condition all pool equipment and/or

accessories.

4.) If tenant fails to maintain the pool in a satisfactory manner, lessor may have the pool maintained by a licensed

pool service

provider and charge the tenant with such service. Tenant will be responsible with the actual cost of the pool

service and may be responsible for the administrative charge incurred by the management company for the

coordination of such pool service.

5.) Tenant will be responsible for any damage caused by them, their invitees, and/or guest.

Tenant agrees to immediately repair any such damage incurred by their actions.

6.) Lessor is not liable for any injuries caused by tenants with the use of the pool, spa, any pool accessories,

and/or pool/spa equipment.

SMOKE DETECTOR ADDENDUM

1.) The premises is equipped with smoke detection devices

2.) It is agreed that tenants will test the smoke detector within one hour after occupancy and

inform Lessor/Agent immediately if detector(s) are not working.

3.) It is herewith agreed that tenant will be responsible for testing smoke alarms at least once

every week by pushing the "push to test" button on the smoke detector for about five seconds.

To be operating property, the alarm will sound when the button is pushed. If there is no

sound. Tenant must inform Lessor/Agent immediately.

4.) Each tenant understands that if said smoke detectors are battery operated units, it shall be

tenants responsibility to insure that the battery is in operating conditions at all times. If any

smoke detector is inoperable, tenant must inform lessor/Agent immediately.

ADDITIONAL TERMS AND CONDITIONS:

___________________________________________________________________________________

___________________________________________________________

Tenant’s Agree to Comply with the above stated request and agree to have been informed with such

disclosures.


______________________________ _______________________________ TENANTS (Print, Sign, Date) TENANTS (Print, Sign, Date)


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26

Disclosure of Information on Lead-Based Paint

and / or Lead-Based Paint Hazards

Lead Warning Statement Section 1018 of the Residential Lead-Based Paint Hazard Reduction Act of 1992 requires Landlords to disclose information to

Tenants about the hazards of lead-based paint. Housing built before 1978 may contain lead-based paint. Lead from paint, paint chips,

and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnant

women. Before renting pre-1978 housing, Landlords must disclose the presence of known lead-based paint and/or lead-based paint

hazards in the dwelling. Tenants must also receive a federally approved pamphlet on lead poisoning prevention.

Landlord’s Disclosure

a) Presence of lead-based paint and/or lead-based paint hazards (check (i) or (ii) below):

(i) ______ Known lead-based paint and/or lead-based paint hazards are present in the housing (explain).

__________________________________________________________________

__________________________________________________________________

(ii) _____ Landlord has no knowledge of lead-based paint and/or lead-based paint hazards in the housing.

(b) Records and reports available to the Landlord (check (i) or (ii) below):

(i) ______ Landlord has provided the Tenant with all available records and reports pertaining to lead-based paint and/or

lead-based paint hazards in the housing (list documents below).

__________________________________________________________________

__________________________________________________________________

(ii) _____ Landlord has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the

housing.

Tenant’s Acknowledgment (initial)

(c) ________ Tenant has received copies of all information listed above.

(d) ________ Tenant has received the pamphlet Protect Your Family from Lead in Your Home. (Download at

http://www.hud.gov/offices/lead/outreach/leapame.pdf)

Agent’s Acknowledgment (initial)

(e) ________ Agent has informed the Landlord of the Landlord’s obligations under 42 U.S.C. 4852d and is aware of

his/her responsibility to ensure compliance.

Certification of Accuracy

The following parties have reviewed the information above and certify, to the best of their knowledge, that the

information they have provided is true and accurate.

____________________________________ _________________________________________

Landlord Date Landlord Date

____________________________________ _________________________________________

Tenant Date Tenant Date

____________________________________ _________________________________________

Agent Date Agent Date


Documents

National Realty & Investment, Inc · negative stigma of managing rental properties. Though rare, evictions, non-payment of rents, and damages to the rental dwelling do occur. These