Property Management Handbook

© 2007 myHomeSpot.com, All rights reserved. Page 1 of 29

Table of Contents

PART I OVERVIEW................................................................................................................................................................. 2 MyHomeSpot.com Guarantee’s ........................................................................................................................................... 2 Online Services .................................................................................................................................................................... 2 Accounting Services ............................................................................................................................................................ 2 Property Presentation ........................................................................................................................................................... 2 Property Protection .............................................................................................................................................................. 3 Tenant Screening ................................................................................................................................................................. 3 Property Inspections ............................................................................................................................................................ 3 Maintenance ......................................................................................................................................................................... 3 Investment Assistance.......................................................................................................................................................... 3

PART II MYHOMESPOT.COM’s POLICIES AND PROCEDURES ..................................................................................... 4 Online Services .................................................................................................................................................................... 4 Accounting Services ............................................................................................................................................................ 5 Rent Collection .................................................................................................................................................................... 5 Mortgage Payments ............................................................................................................................................................. 5 Monthly Statements ............................................................................................................................................................. 5 Leasing ................................................................................................................................................................................. 6 Security Deposits ................................................................................................................................................................. 6 Vacancies ............................................................................................................................................................................. 6 Management Fees ................................................................................................................................................................ 7 Property Inspections ............................................................................................................................................................ 7 Repair and Maintenance Service ......................................................................................................................................... 7 Equal Housing Opportunity ................................................................................................................................................. 8 Application Acceptance Policy ............................................................................................................................................ 8

PART IV THE LEASE AGREEMENT ................................................................................................................................... 10 PART V TYPICAL PROCESSING ........................................................................................................................................ 19

Preparing Your Home ........................................................................................................................................................ 19 Entering into Contract ........................................................................................................................................................ 19 Marketing Services ............................................................................................................................................................ 19 Accounting Cycles ............................................................................................................................................................. 19 Management Reporting ...................................................................................................................................................... 19

PART VI FREQUENTLY ASKED QUESTIONS.................................................................................................................. 20 1. How long does it take to lease my property? ................................................................................................................. 20 2. When you find residents for my rental home, how do you qualify them? ..................................................................... 20 3. How quickly do you process the rents and statements to owners? ................................................................................ 20 4. How are rental collections handled? .............................................................................................................................. 20 5. Do you guarantee the residents that you place in my rental home? ............................................................................... 21 6. How do you guarantee the statement “Tenant Pays On Time, Every Time”*? ............................................................. 21 7. How are and how often are the property inspections conducted? .................................................................................. 21 8. How do your fees compare to other property managers? ............................................................................................... 21 9. Who handles problems late at night? ............................................................................................................................. 22 10. What legal actions will you take on my behalf? .......................................................................................................... 22 11. If a tenant skips, what collection actions does myHomeSpot.com take? ..................................................................... 22 12. Why should I choose myHomeSpot.com? ................................................................................................................... 22

PART VII PROPERTY OWNERS EXPECTATIONS ........................................................................................................... 23 Leasing ............................................................................................................................................................................... 23 Lease Renewals ................................................................................................................................................................. 23 Rent Processing & Accounting .......................................................................................................................................... 24 Rent Collections & Delinquencies ..................................................................................................................................... 24 Property Inspections .......................................................................................................................................................... 24 Property Maintenance & Repairs ....................................................................................................................................... 25 Sample Accounting Statement ........................................................................................................................................... 26

PART VIII CONTACT INFORMATION ................................................................................................................................ 28 Correspondence ................................................................................................................................................................. 28 Direct Mail ......................................................................................................................................................................... 28


PART I OVERVIEW

MyHomeSpot.com specializes in residential rental property management. Our firm’s strict focus on property management allows us to concentrate our efforts on providing you the best service that the industry offers. Our partners and managers receive industry specific education from organizations such as the Institute of Real Estate Management and the CCIM Institute. Members of our team have earned designations such as; CPM (Certified Property Manager), CCIM (Certified Commercial Investment Member) and AMS (Association Management Specialist). We have helped hundreds of people like you realize strong financial rewards in the lucrative field of residential investment real estate. We are experts in our field. We have grown from managing several dozen homes to managing hundreds, in multiple stats while still giving each client and each property the individual attention and care that makes us unique. The following section explains the many benefits and advantages of using our professional full service property management company.

MyHomeSpot.com Guarantee’s

MyHomeSpot.com guarantees that any tenant that we procure for your property will pay their rent on time every time. If your tenant fails to do so we will not charge you any fees for our management services for that month, they will be absolutely free.

We also provide a “lease term guarantee”. If for any reason the tenant we procure for your property breaks their lease in the first 6 months of their lease term, myHomeSpot.com will waive our normal leasing fee and re-rent your home to new tenants for free. Should any tenants that we place into your rental home break their lease after the first 6 months of their lease, we will reduce our fee by pro-rating our normal leasing fee to you. We will never charge two full leasing fees in the same 12 month period.

Online Services

At myHomeSpot.com we offer an array of automated and on line services for you, our client, and your tenants in order to better serve your needs.

For our clients these services include: Access to our online document manager, online access to all property inspection reports, access to our online accounting system and much more.

For our clients’ tenants, we provide the following services online: Online rent payment, online application submission, online maintenance request and much more.

Accounting Services

We do all the bookkeeping chores for you. Our computer system keeps complete, accurate records of every income and expense that affects your property.

Our convenient monthly statements provide you with a full, itemized record of all transactions.

Our end-of-year statements simplify the job of tax preparations for you and your accountant.

Because we are web based and computerized, we can meet your individual needs, including budgeting, itemized summaries for tax preparation, and other unique services at virtually any time.

Property Presentation

We present your property to the largest available rental market.

We are always aware of current market conditions, which allow us to rent your property at its highest value.

Our computer system enables us to maintain an exhaustive list of all the features that make your property desirable and special, allowing us to better market your property.

We minimize your rent loss by advertising vacant properties through the Association of REALTORS Multiple Listing Service, Craigslist.com, Realtor.com, and on all of our web sites on the Internet.


We use a broad range of advertising media, including signs, flyers, newspaper classifieds and the Internet.

We share our vacancy listings with other Real Estate offices. We pay a referral fee promptly to agents who show and rent our homes.

Property Protection

We maintain and update an inventory of all the personal items that are part of your property.

Our key-control procedures protect you and the tenant against unauthorized entry.

Tenant Screening

We lease only to qualified, responsible tenants.

We are experienced in judging credit worthiness.

We do a thorough credit and reference check before the lease is signed. This includes checking credit history with the credit bureau, verifying employment, checking all appropriate references including past landlords, and an eviction history.

We take time with each new tenant to explain the benefits and responsibilities of leasing a home from us.

We provide you with protection through the use of proper lease agreements, deposit forms, late notices, and other legal documents.

We take fair and appropriate security deposits.

All of our screening protocols are available for you to review.

Property Inspections

Our main job is to protect your investment property. We do this in two different ways. Our property managers make frequent driving tours by the various properties we manage. Exterior inspections are very important, because a property that is well maintained on the outside is normally being taken care of on the inside as well. If you wish to have additional inspections preformed, you can do so by contacting one of our property managers at our office. A $50.00 fee will be charged for each additional inspection requested which is not part of our regular inspection schedule.

Maintenance

We provide qualified, reasonably priced personnel who will get the job done right.

We are maintenance experts. Since we deal with this daily, we know what repairs should cost and how long they will take to complete.

Because of the large volume of work we give local firms, we have the leverage to negotiate wholesale discounts and the recourse to correct poor performance, saving our clients both time and money.

We help avoid costly repairs through routine preventive maintenance inspections.

We protect the value of your investment by maintaining your property at current neighborhood standards.

Investment Assistance

We have a large pool of potential investors, including other property owners and tenants, as well as an extensive network of brokers and agents ready to purchase your property or assist in its disposition. This will be a great help if you find you must quickly dispose of a property for tax purposes. We keep abreast of current market conditions and active investors at all times. We share this information by phone, letter, email and newsletters. We can help you spot undervalued properties, often with a mortgage payment lower than the rent, for an immediate positive cash flow.


PART II MYHOMESPOT.COM’s POLICIES AND PROCEDURES

This Section Explains The Policies And Procedures We Have Implemented To Protect Your Property Investment And To Provide You With The Best Possible Service.

Online Services

In order to provide you the best service available, myHomeSpot.com has implemented a whole host of on line services designed to suit your needs. Using our customer client center you can gain access to all reports, documents, and accounting statements related your investment property. All of this is available at the touch of a button. The following is a list of the various tools and information found in our online client center:

o Document Manager System – This system allows you to view documents such as invoices, receipts, lease agreements, notices and much more. Access to these documents allows you to perform a cursory review of the operational matters effecting your investment.

o Online Inspection Reports – This program allows you to view reports generated for every inspection that has taken place for your property. This gives you the ability to maintain an awareness of your properties condition in a way that is easy and convenient.

o Accounting System – This system allows you to select various reports detailing the financial position of your property or properties. All reports are available in either a detailed or summary format. The reports available to you are the following: owner income report, owner balance report, owner account report, per unit account report, unit balance report, and a year to date report. All of the above reports can be generated for any period of time in which we have managed your property.

o Unit Tenant Reports – Unit tenant reports provide information on various items that effect the management of your property. The following reports provided online: tenant balance summary, lease expiration summary, lease summary, security deposit summary, open work order report, maintenance history report, and unpaid payables report.

o Automated Email Notification System – Our online services platform also provide you with email notifications. As a client you will be notified when a tenant moves in, when a maintenance request is submitted, when funds have been disbursed to you, and when a lease has been renewed. If you happen to have a vacant property each day the email notification system will notify you of how many calls your property has received using our property information hotline.

In order to keep your tenants or potential tenants satisfied, we have developed a series of on line programs and services to satisfy their needs. In a competitive rental market such as the greater Atlanta area, your tenants’ satisfaction is critical to your bottom line. The following tenant resources are all available on our website:

o Online Application – This is where tenants can submit an application to rent a property. Our ability to provide this form online allows us to receive an enormous amount of applications from all across the country for properties just like yours.

o Online Maintenance Request – This provides your tenant the ability to report a maintenance issue at any time of day. A copy of the request is automatically submitted to us and our vendors. The request is reviewed by our staff and bids are accepted if it is determined that the request has merit. This system provides for prompt responses to maintenance issues and competitive prices for the work requested.

o Online Payment – This platform allows tenants to pay rent at any time. For the tenant, it relieves the burden of having to mail or drop a check off to make payment. It also allows us get your money to you quicker than ever before.

o Online Move-In inspection – This is where a tenant can complete the recommended move in inspection report.

o Notice to Vacate – Using this online service a tenant can notify us of their intent to relocate.


o Monthly Rent E-Pay – This service will allow you to set up an account by which rent payments will be automatically deducted from the bank account specified by your tenant. This encourages complete and prompt payment.

o Featured Rental Search – This is where potential tenants can search the rental listings of clients of myHomeSpot.com.

Accounting Services

We pride ourselves on our thorough, accurate and timely record keeping and reporting. Our web based system allows us to provide services that would be difficult or impossible to provide with a conventional accounting system.

KEY POINTS:

o Every transaction affecting your account balance is recorded and explained in detail. Accounting is done on single-entry cash basis with a separate income and expense ledger maintained for each property--just as if your property had its own checking account. If we manage more than one property for you, we open another income and expense ledger in your name (in addition to the property ledgers). This enables us to transfer funds among your properties without intermixing accounting transactions from different properties. Each property always has its own separate and complete accounting records.

o Copies of all work orders and receipts are kept on file and are available on line.

o In addition to the monthly statements described in the next section, we also provide a complete summary of account at the end of the year. These show you a summary of all transactions by specific accounting code. These statements have been specially designed to simplify the year-end tax preparation job for you or your accountant. Our on line system enables us to get this vital information to you in real time and on demand.

o As required by Internal Revenue Service regulations, we prepare and submit a 1099 MISC form showing the total gross rent income that we collected on your behalf during the year. A copy of this form will be sent with your year-end statement.

Rent Collection

All rent is due on the 1st of each month and is considered late if received after the 1st of the month. Late notices are sent on the 7th and removal proceedings are initiated if the tenant does not make immediate arrangements for rent payment. Late rents are subject to additional costs by the tenant which MYHOMESPOT.COM will retain.

Mortgage Payments

If you wish, we can make the mortgage payment on your property for you. This additional service is offered free of charge. We require you to maintain, at all times, one month's mortgage payment in the escrow account. Mortgage Payments will be deducted from the account on the first of the month. This is not contingent on the tenant's rent payment. If there are insufficient funds in your account, Georgia law prohibits us from making the payments.

Monthly Statements

Our accounting system provides you with a concise, accurate, and understandable statement of account. Again, this information is available to you online at your convenience. Paper statements will be provided upon request.

At the end of each monthly accounting cycle you will be notified if your account is either above or below its minimum balance. If it is above the minimum balance you will receive a direct deposit of the surplus funds in to your bank account. Checks can be issued as an alternative to a direct deposit upon request. If your account is below the minimum balance, an email notification will be sent and an invoice will be issued to you requesting a payment in the amount that your account is deficient. We will be happy to answer any questions you have about your account. Please report any discrepancies you find within 15 days from the date the most recent monthly statement became available.


Leasing We want responsible tenants just as much as you do. We pride ourselves on the quality of tenants we are able to attract. Our extensive tenant screening and lease procedures help to ensure this.

KEY POINTS

o Applicants are required to complete a Rental Application and to provide credit information and references. We are members of TransUnion. A credit check is made of every prospective tenant. In addition, we report to the bureau the tenant's rental account and payment history. We explain to all applicants that prompt rent payments will help maintain their good credit rating. If an otherwise acceptable tenant does not have a local credit file with the bureau, we open one for him. As members of the TransUnion system, we are able to access credit files worldwide.

o The security deposit is taken only after the application has been approved. This is an act of good faith on the tenant’s part, and should the tenant not move into the rental unit, the deposit is forfeited to you as liquidated damages.

o Once a tenant’s Rental Application has been approved, an appointment is made with the property manager to sign the actual Lease Agreement and proceed to a lease closing. We have found that this extra personal attention to the tenant's needs greatly reduces misunderstandings and eliminates many potential problems. Also, this gives us a chance to answer any questions and to carefully explain the tenant's responsibilities as well as our company's policies and procedures.

o Before your property is released to the tenant, we make a thorough move in inspection, using the Property Condition Report. This is done in the presence of the tenant. We find this helps develop a good working relationship with the new tenant. At the same time, it gives us one more chance to encourage our tenants to take pride in their new home.

o We require our owners to maintain the home in as good a condition as if they were living there. This includes interior and exterior painting, tree trimming and upkeep of the appliances.

Security Deposits

As an additional protection, appropriate security deposits are always collected upon approval of a Rental Application by a prospective tenant. The amount of deposit is based on the monthly rental rate and is usually equal to one months rent. Under no circumstances will we allow the deposit to be used as rent.

All security deposits are kept in a special escrow trust checking account, as required by Georgia Real Estate Commission regulations, until they are either refunded to the tenant upon the successful check out inspection of your property or are forfeited to cover damages caused by lease violations.

We maintain two deposit escrow accounts. Both are non-interest bearing. The first account is used for the collection of rent and other owner funds; the second is for the security and pet deposits.

Vacancies

Vacancies are expensive for both of us. We make every effort to keep our vacancies to a minimum. We are members of the local rental association within our Association of REALTORS. We maintain an extensive database of the features that make your property special. This enables us to quickly produce an attractive listing of your property to be given to prospective tenants and local leasing personnel. We are also members of the National Association of Residential Property Managers.

KEY POINTS:

o Our automated system enables us to monitor our lease expiration dates carefully. We never allow our leases to lapse into an automatic month-to-month extension unless there are extenuating circumstances. This also gives us the opportunity to renegotiate the rent on a renewal lease. Approximately 60 days before a tenant's Lease Agreement is due to expire we send a Lease Renewal Notice. This notice explains our lease renewal procedures and the necessary rent increase. If the new lease is declined, the tenant is required to give us 30 days prior written notice. This prevents unexpected vacancies and gives us adequate time to prepare the property and to advertise and show it. It also helps prevent needless loss of revenue. If the tenant opts to go month-to-month, there is an automatic 10% increase in the rent.


o If a tenant chooses to vacate, the property must pass a thorough check-out inspection before the tenant is released from the Lease Agreement and the security deposit is returned. This minimizes the preparation and turn-around time before your property is re-leased. The inspection will not be made until the tenant has removed all furnishings and other personal belongings, and the tenant is not allowed to re-enter the property once the inspection is complete.

o Vacancies are advertised weekly until rented. We use all available media including the local newspapers, signs, our web site, Craig’s list, rentlist.net and the Multiple Listing Service.

o We maintain careful control of your property while it is vacant. Only one key for a showing is issued at a time. Leasing agents must be a licensed real estate agent and present a business card to sign out a key. All prospective tenants must be accompanied to the house by an agent. We do not give keys out to prospective tenants. Access if further granted and controlled using a computerized lock box system.

Management Fees

Our monthly management fee is payable when the rent payment is received. It is automatically deducted from your account at the time the rent payment is posted.


Our main job is to protect your investment property. We do this in two different ways. Our property manager makes frequent driving tours by the various properties we manage. Exterior inspections are very important, because a property that is well maintained on the outside is normally being taken care of on the inside as well. In addition, we make regular preventive maintenance inspections of the interior of the property during the vacancy or renewal period.

KEY POINTS:

o The right for us to make routine, announced inspections is part of the tenant's Lease Agreement. Tenants are notified in writing of a pending property inspection. The inspection is done with the tenant present.

o Tenant's who are doing a good job receive a letter congratulating them. Those who are not, receive an Inspection Failure Report listing the conditions that must be corrected within 10 days. If not, we begin making the corrections at the tenant's expense.

Repair and Maintenance Service

Timely, competent maintenance is the key to protecting your investment. Our goal is to provide you with this important service at a reasonable price using only the best, qualified personnel.

In addition, it is our aim to prevent major repair bills. We accomplish this through constant supervision, routine inspections, regularly scheduled maintenance, and by selecting those tenants who will take pride in their leased home.

All our repair and maintenance services are performed by independent, outside vendors and contractors.

KEY POINTS:

o You may reserve the right to schedule and control all, or a particular part of, the repair or maintenance responsibilities if you desire.

o We require that a minimum balance of $300 be kept in your account with us to cover repairs. We use these funds to pay the vendors upon completion of the job.

o Before any work is performed, the job request is reviewed. The job is assigned and a work order issued after the request has been approved by the property manager. Our maintenance personnel will not perform unauthorized jobs requested by a tenant. In addition, requests for maintenance work that is the tenant's responsibility, or for repairs caused by tenant negligence, will be charged to the tenant.

o We ensure the quality of the work performed by making spot checks and follow-up inspections. You are further protected because each job is fully documented in writing and backed with receipts by our comprehensive work order accounting system.


o Routine repair and maintenance will be performed as needed in our judgment and will be based on urgency and importance. For any major job (cost in excess of $500), we will obtain one written estimate. If you would like additional estimates to be obtained a charge of $50.00 per estimate will be assessed.

o Our maintenance responsibilities are defined in detail by the Property Management contract.

Equal Housing Opportunity

The Company always adheres to the Supreme Court decision of 1966 in the case of Jones VS Mayer and all Federal, State and Local laws and regulations whereby any person, regardless of race, creed, color, age, sex, religion, national origin, has the right to choose where he wishes to live and the homeowner, in accordance with the decision, cannot discriminate. It is the policy to NEVER discriminate against color, religion, sex, national origin, family status or handicap. This policy is to be strictly adhered to and any client making insinuations, gestures or verbal requests must be informed about the Fair Housing Act and the Civil Rights Act of 1968. The client or customer must withdraw the request to discriminate or you will be required to withdraw from any future relationship. In the event you feel you, your client or customer have been discriminated against please notify the broker immediately for proper action. Additionally, this office will not tolerate any practices of "redlining, steering or block-busting". If you desire any additional clarifications on these practices and definitions, contact the Office of Equal Opportunity, under the direction of the Secretary, Dept. of Housing and Urban Development.

myHomeSpot.com does business in accordance to the Fair Housing Act and is Independently Owned and Operated. ** Employment/Income verification can be obtained in writing by using a statement of Employment Verification. A notary is required in case of hand delivery. You can mail this form with a SASE and a cover letter to employer on file. *** The rental history required: a) Pays on time; b) NSF’s paid to date; c) provided sufficient move out notice; d) forwarding address given; e) condition of unit delivered per agreement; f) security deposit was refunded; g) eligible for re-lease with company.

Application Acceptance Policy

This is the Application Acceptance Policy of myHomeSpot.com. It is our office policy that this Policy along with the Rental Application Instructions, Fair Housing and other pertinent tenant notices is clearly posted for inspection of any person. Your lease application is a request for an extension of credit and is therefore subject to Federal and State jurisdiction. In compliance with the rules set forth, the following criteria will be used in fairly determining your eligibility. Any comments, questions or other matters relating to your application should be sent in writing to our office, myHomeSpot.com, Director of Property Management Services, 4840 Roswell Rd. Bldg C Suite 200, Atlanta, GA 30342. 1. As a condition of occupancy, any person intending to occupy of legal age (18 years or older) must complete an application and be included in

all legal obligations. Any person not possessing sufficient qualification, may obtain co-signors as a responsible party with same procedure. Valid identification will be required at time of application.

2. A Credit Bureau Report (CBR) must be obtained from all responsible parties. Credit must show (a)No accounts; (b)All active accounts in good

standing; (c) Any derogatory account must show a $0 balance, in good standing; (d) Any prior derogatory not showing as cleared, must be approved in writing by Management. A minimum credit score of 620 is required for routine approval. Scores of less than 620 may be accepted upon payment of additional deposits. Reports not meeting these requirements may be approved conditioned upon full payment of the last month’s rent and a security deposit equal to the monthly rental amount only when the applicant has verifiable and acceptable rental history.

3. Employment verification must be obtained on all responsible applicants. Verifiable six (6) months current or previous employment (this

information should be reflected on CBR). Applicant is encouraged to deliver (2) recent pay stubs to assist in this verification. 4. Verifiable income must be equal to a minimum of three (3) times the monthly rental amount. Applicants are encouraged to submit (2) bank

statements to assist in this verification. Self employed applicants will be required to furnish the most recent year tax return in its entirety as well as the recent two (2) month’s bank statements.

5. A verifiable Rental History** from a non-related person must be obtained on current and previous residency for the last (2) years to (5) years,

depending on the length of residency. If application shows current residency less than (2) years , more information will be required for the (5) year period. This information should reflect the CBR. A notarized letter of reference from prior Landlord will assist in this verification. Rental history must reveal timely payment and fulfillment of the contractual agreement. Any prior eviction actions or current intentions of default will disqualify the applicant.

6. Room-Mates may be considered with the owner’s permission and subject to a written Room-Mate Agreement. This leasing arrangement will

result in the first and last month’s rent and the security deposit to be payable in advance. Terms and conditions of the Room-Mate Agreement shall be included in this Acceptance Policy.

7. Reservation of the Property: Once an application has been approved, the applicant will be given the opportunity to reserve and accept the

property by placing into Trust the required security deposit (due in the form of certified funds or money order). The lease must be signed within 48 hours of this reservation; at such time any breach prior to occupancy will result in forfeiture of the deposit only.

8. NON-REFUNDABLE APPLICATION FEE: All responsible applicants agree to pay our firm a non-refundable application processing fee, as

prescribed by each property, for review of the credit file, verification of employment, rental history, income and other pertinent data necessary for the approval of the application. The application fee will be $50.00 per person, regardless of Applicant, Joint Applicant or Co-Applicant status due prior to application review.

9. Adverse Action Notice: All applicants will receive, in compliance with state and federal laws, a notice of acceptance or rejection by U.S. Mail in

the time provided for by law. Our firm reserves the right to notify applicant of a conditional approval that may require additional deposits or increased rental rates.

10. Deposits and Collections: All applicants will be required to submit certified funds for the initial deposits and an initial payment equal to a full

month’s rent (any overage above the pro-rated amount applied to future charges). Payments thereafter may be paid by personal check (unless instructed otherwise). No cash is accepted. Our firm reserves the right to hire professional collection services including, but not limited to attorneys, to recover checks and other debts owed. All costs of collections will be assessed to the responsible party. ALL RETURNED CHECKS ARE SUBJECT TO CRIMINAL PROSECUTION AND A MINIMUM $40 RETURNED CHECK FEE.

© 2009 myHomeSpot.com, LLC, All rights reserved. __________________ __________________

Initial/Date Initial/Date

LEASE FOR RESIDENTIAL PROPERTY

1. PARTIES: This Lease, entered into this __________ day of _______________, 2009 between MyHomeSpot.com,

hereinafter referred to as Landlord, and ______________________________________________________________, hereinafter referred to as Tenant(s), whereas MyHomeSpot.com, LLC is an Agent for the Owner of the Property. 2. PROPERTY RENTED: Landlord leases to Tenant(s) the following premises located at

_______________________________________________________________________________ (hereinafter “Premises), in the State of Georgia, County of ______________________, City of __________________________, and Zip Code of _____________ together with all fixtures, landscaping, improvements, and appurtenances, all being collectively referred to as the “Property”. Premises shall be used for residential purposes only and shall be occupied only by the ______ (#) persons listed as follows: __________________________________________________________________________________________________. Property shall be used so as to comply with all federal, state, county, and municipal laws and ordinances and any applicable declaration of condominium, declaration of covenants, conditions, and restrictions; all rules and regulations adopted pursuant thereto; and any community association bylaws, and rules and regulations. 3. TERM: The initial term of this Lease shall begin on the __________ day of _______________, 2009 (“Commencement

Date”), and shall run through the end of the __________ day of _______________, 20_____. 4. POSESSION: If Landlord is unable to deliver possession of Premises on the Commencement Date, rent shall be abated on

a daily basis until possession is granted. If possession is not granted within 7 days of the Commencement Date, Tenant may, by giving notice to Landlord, terminate this Lease in which event Landlord shall promptly refund all deposits to Tenant. 5. RENT: Tenant shall pay rent in advance in the sum of $_______________ per month on the FIRST day of each month

during the Lease Term. All rent payments should be made payable to myHomeSpot.com at 4840 Roswell Rd NE, Bldg C, Ste 302, Atlanta, GA 30342 (or at such other place as may be designated from time to time by Landlord in writing). Tenant shall make rent payments in the form of local bank personal check, money order, cashiers check, or electronic draft. No Cash is accepted. Mailing the rent payment shall not constitute payment. Rent must be actually received by Landlord to be considered paid. 6. MONEY DUE PRIOR TO OCCUPANCY: Tenant shall pay the sum of $_______________ in accordance with this

paragraph prior to occupying the Premises. All payments made prior to move in shall be in the form of certified funds. Tenant shall not be entitled to move in or to keys to the Premises until all the money due prior to occupancy has been paid. If no date is specified below, then funds shall be due prior to Tenant’s occupancy. Any funds designated in this paragraph due after occupancy, shall be paid accordingly.

Pro-Rated Rent _______ - _______ $ ______________________ due _______________ Security Deposit $ ______________________ due _______________ Non-Refundable Pet Fee $ ______________________ due _______________ Last Month Rent __________________ $ ______________________ due _______________ Advance Rent Payment $ ______________________ due _______________ Additional Deposit $ ______________________ due _______________ ________________________________ $ ______________________ due _______________ ________________________________ $ ______________________ due _______________

7. LATE PAYMENT: Rent not paid in full by 6:00 pm on the 1

st day of the month shall be late. All late payments must be in the

form of certified funds and include a late fee of $75.00 plus $10.00 for every additional day late, until the rent is paid in full. If rent is not received in full by the seventh day of the month, Tenant shall be posted a 3-Day Notice and charged an additional $50 posting fee. In the event that any unpaid balance exists on Tenant’s account, rent collected will be applied first toward any unpaid balance with the remainder being applied toward rent. 8. RETURNED CHECKS: If the Tenant makes payment with a bad check, Tenant agrees that such event shall constitute

nonpayment of rent. Landlord shall require Tenant to pay all future payments by certified funds and to pay a returned check fee in the amount of $50.00. 9. WARRANT FEE: If Tenant does not pay all rent in full plus any late fees and any other outstanding fees owed on or before

the 10th

of the month, Landlord may file a dispossessory warrant within the county in which the property resides. In the event that a dispossessory warrant is filed against the Tenant, a fee of $100 will be assessed to cover the costs of warrant filing fees, court costs, attorney fees, plus an admin fee of $100 per dispossessory action.



10. SECURITY DEPOSIT:

A. Amount of Security Deposit: Tenant shall pay a Security Deposit in accordance with section 6 above. B. Deposit of Security Deposit: The Security Deposit shall be deposited within five business days of the Binding Agreement Date by the Landlord into an escrow/trust account at Wachovia Bank, NA. C. Return of Security Deposit: The Security Deposit shall be returned to Tenant by Landlord within 30 days after the termination of this Agreement or the surrender of Premises by Tenant, whichever occurs last (hereinafter “Due Date”). D. Deductions from Security Deposit: Landlord shall have the right to deduct from the Security Deposit: 1) the cost of repairing any damage to Premises or Property caused by the negligence, carelessness, accident or abuse of Tenant, Tenant’s household or their invitees, licensees and guests; 2) unpaid rent, utility charges or pet fees; 3) cleaning costs if Premises is left unclean; 4) the cost to remove and dispose of any personal property; and/or 5) late fees and any other unpaid fees and charges referenced herein. E. Move-Out Statement: Holder shall provide Tenant with a statement (“Move-Out Statement”) listing the exact reasons for the retention of the Security Deposit or for any deductions there from. If the reason for the retention is based upon damage to Premises, such damages shall be specifically listed in the Move-Out Statement. The Move-Out Statement shall be prepared within three business days after the termination of occupancy. If Tenant terminates occupancy without notifying the Holder, Holder may make a final inspection within a reasonable time after discovering the termination of occupancy. Tenant shall have the right to inspect Premises within five business days after the termination of occupancy in order to ascertain the accuracy of the Move-Out Statement. If Tenant agrees with the Move-Out Statement, Tenant shall sign the same. If Tenant refuses to sign the Move-Out Statement, Tenant shall specify in writing, the items on the Move-Out Statement with which Tenant disagrees within 3 business days. For all purposes herein, a business day shall not include Saturday, Sunday or federal and state holidays. F. Delivery of Move-Out Statement: Holder shall deliver the Move-Out Statement, along with the balance, if any, of the Security Deposit, before the Due Date. The Move-Out Statement shall either be delivered personally to Tenant or mailed to the last known address of Tenant via first class mail. If the letter containing the payment is returned to Holder undelivered and if Holder is unable to locate Tenant after a reasonable effort, the payment shall become the property of Landlord 90 days after the date the payment was mailed. 11. PETS: □ No Pets Allowed □ Pet Agreement Incorporated Herein

Tenants may house no pet of any kind on the Premises, even temporarily, without first obtaining Landlord’s written permission. “Pets” includes, but is not limited to, both warm- and cold-blooded animals, such as dogs, cats, fish, hamsters, rats, birds, snakes, lizards, and insects. “Pets” does not include animals trained to serve the handicapped, such as seeing-eye dogs, hearing dogs, or service dogs. These animals may be housed on the premises so long as they are in the direct service of those they were trained to serve and so long as Landlord is notified in advance in writing of the circumstances. In the event the Tenant introduces any pet, Tenant agrees to pay a $200.00 liquidated damage assessment and remove pet immediately and permanently. 12. UTILITIES: Tenant acknowledges that all utilities and/or services are to be paid for by Tenant, with the exception of: _____________________________________________________________________________. Tenant must connect or transfer utilities not provided by Landlord into the name of Tenant upon Commencement Date of Lease. At any time

thereafter, Landlord may, without notice to Tenant, disconnect any utilities serving Premises which are in the name of Landlord and are not being provided by Landlord under this Lease. Landlord may, at Landlord option, pay utilities and be reimbursed by Tenant as additional rent. 13. MOVE-IN INSPECTION: Prior to Tenant tendering a Security Deposit, Landlord shall provide Tenant with “Move-In, Move-

Out Inspection Form” attached hereto and incorporated hereinafter (the “Form”) itemizing any existing damages to Property. Prior to taking occupancy, Tenant will be given the right to inspect Property to ascertain the accuracy of the Form. Both Landlord and Tenant shall sign the Form. Tenant shall be entitled to retain a copy of the Form. Tenant acknowledges that Tenant has carefully inspected Property in which Premises are located and is familiar with the same. 14. OWNER’S PROPERTY DISCLOSURE STATEMENT: Owner’s Property Disclosure Statement is attached to this Lease.

15. CARE AND MAINTENANCE:

A. Repairs and Maintenance: Tenant acknowledges that Tenant has inspected Premises and that it is fit for residential occupancy. Tenant shall promptly notify Landlord in writing of any dangerous condition or need for maintenance existing in Premises or on Property. Upon receipt of written notice from Tenant, Landlord shall, within a reasonable time period thereafter, repair the following: (1) all defects in Premises or Property which create unsafe living conditions or render Premises untenable; and (2) to the extent required by state law, such other defects which, if not corrected, will leave Premises or Property in a state of disrepair. Should there be a delay of more than seventy -two (72) hours in making the repairs, due to difficulty in scheduling the work or obtaining parts or for any other reason beyond the Landlord’s control, Landlord agrees to keep Tenants informed about the progress of the work. Except as provided above, Tenant agrees to maintain Premises in the neat, sanitary and clean condition, free of trash and debris, reasonable wear and tear excepted.



B. Missed Appointments: From time to time it will be necessary for Landlord or other authorized parties including, but not limited to, maintenance contractors, appraisers, and real estate agents to gain access to the property for the purpose of inspecting the property, performing repairs, or showing the property to prospective purchasers or tenants. If Tenant fails to keep a pre-arranged, mutually agreed to appointment allowing access to the Property, then Tenant agrees to pay $100 per event as liquidated damages to management. C. Lawn and Exterior Maintenance: Tenant shall keep the lawn mowed and edged, beds free of weeds, shrubs trimmed, gutters cleaned out, trash and grass clippings picked up on a regular basis (minimum of once every two weeks in growing season and fall leaf season) and shall keep Property, including yard, lot, grounds, Premises, walkways and driveway clean and free of rubbish. D. Pest Control: Landlord will be responsible for Termite and Rodent control. Landlord shall not provide other pest control (insects including, but not limited to, ants, roaches, and spiders) services to Premises and the same shall be the responsibility of Tenant. E. Smoke Detector: Tenant acknowledges that Premises is equipped with a smoke detector(s) that is in good working order and repair. Tenant agrees to be solely responsible to check the smoke detector every 30 days and notify Landlord immediately if the smoke detector is not functioning properly. F. Freezing of Pipes: To help in preventing the freezing of pipes, Tenant agrees that when the temperature outside falls below 32°F, Tenant shall: a) leave the thermostat regulating the heat serving Premises in an “on” position and set to a minimum of 60°F; and b) leave the faucets dripping. G. Mold and Mildew: Tenant acknowledges that mold and/or mildew can grow in any portion of the Premises that are exposed to elevated levels of moisture and that some forms of mold and mildew can be harmful to their health. Tenant therefore agrees to regularly inspect the Premises for mold and/or mildew and immediately report to Landlord any water intrusion problems mold and/or mildew (other than in sinks, showers, toilets and other areas designed to hold water or to be wet areas). Tenant shall not block or cover any heating, ventilation, or air conditioning ducts located in the Premises. H. No Right to Deduct: Tenant and Landlord agree that Landlord shall not reimburse Tenant or accept reduced rent in lieu of any repairs made or ordered by Tenant, unless prior written approval of Landlord is obtained. I. Alterations and Decorations: Tenant agrees not to alter or decorate their dwelling without first obtaining Landlord’s written permission. Decorations include painting and wallpapering. Absolutely nothing shall be attached to or driven through ceilings. No nails, tacks, screws, bolts, etc. will be driven into woodwork, doors or walls covered by paper. Only small picture hangers may be used to hang decorations on painted walls. Tenant specifically agrees to repair and repaint any wall or surface that is damaged by lack of adherence to the above limitations. If Tenant is able to convince Landlord that Tenant can remove the alterations or decorations and restore the part of their dwelling to its original condition, then Landlord may grant Tenant the right to remove them. Otherwise, any alterations or decorations made by Tenant become the property of Landlord when Tenant vacates. J. Locks: Tenant is prohibited from adding, changing or in any way altering locks installed on the doors of Premises without prior written permission of Landlord. If all keys to Premises and Property are not returned when Tenant vacates Premises, Landlord may charge a re-key charge in the amount of $100. K. Windows/Screens/Doors: Except for those windows, screens or doors which are noted in writing as being cracked, torn or broken when Tenant moves in, Tenant agrees to be responsible (regardless of cause, including forced entry) for any which become cracked, torn or broken in their dwelling while they live there. No window treatments currently existing on any windows shall be removed or replaced without the prior written consent of Landlord. L. Owner’s Maintenance Responsibility: Landlord agrees to pay expenses necessary to keep in good repair the heating and air-conditioning (cleaning excluded), water heater, electrical system, range and oven, roof and major structural parts. However, if these repairs are necessitated because of abuse or negligent operation (i.e. repairman having to check switches or circuit breakers) by the Tenant, the repair bill will be the responsibility of the Tenant and shall be paid upon demand. M. Tenant’s Maintenance Responsibility: Tenant agrees to be responsible for the routine care and maintenance of the Premises. This includes and is not limited to broken glass, torn screens, and broken locks (regardless of cause, Tenant should hold Landlord harmless for any mechanics liens or proceedings which Tenant causes). N. Drain Stoppages: As of the date of this Agreement, Landlord warrants that the dwelling’s sewage drains are in good working order and that they will accept the normal household waste for which they were designed. They will not accept things such as paper diapers, sanitary napkins, tampons, children’s toys, wads of toilet paper, balls of hair, grease, oil, table scraps, clothing, rags, sand, dirt, rocks, or newspapers. Tenant agrees to pay for cleaning the drains of any and all stoppages except those which the plumber who is called to clear the stoppage will attest in writing were caused by defective plumbing, tree roots, or acts of God, in which case Tenant will be reimbursed. Tenant is responsible for the cleanup of waste spills as a result of any plumbing stoppages. O. Leaders and Gutters: Tenant is responsible for keeping leaders and gutters, if any, free of leaves, sticks and any accumulations that may occur. If the property is heavily treed, leaders and gutters may need clearing several times a year. P. Heating and Cooling Systems: It is the responsibility Tenant to change the air filter monthly. Tenant agrees to pay any costs related to cleaning of the system or damage resulting from Tenant’s improper maintenance. A service call relating to an "A/C water leak" shall be consider routine maintenance and Tenant’s responsibility. Q. Fences: Fences that currently exist are not included in the rental. Tenant agrees to be responsible for maintaining any existing fence, gates.



R. Swimming Pool, Spa, Hot Tub: Tenant shall assume all costs of operation, maintenance and care for any swimming pool, hot tub or spa. Tenant attests to having sufficient knowledge relating to the proper care and use of such equipment. Tenant shall defend, indemnify and hold forever harmless owner against all loss, liability and expense including reasonable attorney's fees and costs by reason of bodily injury including death, and property damage sustained by any person or persons including and not limited to, Tenant, Tenant's guests, invitees and trespassers, arising out of the use, maintenance of operation of the swimming pool, spa or hot tub on the premises whether such bodily injury or death, or property damage are due to or claim to be due to any negligence of Landlord. The pool, spa or hot tub shall be used only by Tenant and guests and invitees. To this end, Lessee shall maintain liability insurance on the Premises naming Lessor as additional insured for not less than $300,000 provided that said insurance shall not limit Lessee's liabilities hereunder. S. Fireplace: If premises have a fireplace, Tenant agrees to exercise safety measures when it is in use. Tenant agrees to assume responsibility for keeping the chimney clear of any buildup or obstructions during their tenancy. T. Smoke Detectors: Landlord shall have no duty to furnish smoke detectors except as required by law. When smoke detectors are furnished, Landlord shall test same and provide initial batteries at lease commencement; thereafter Tenant shall pay for and replace smoke detector batteries, if any, as needed. Upon occupancy, Tenant is responsible for insuring the smoke detector is operational. Tenant understands that no maintenance personnel will make periodic inspections of the smoke detector and fire extinguishers. Tenant further agrees that Tenant will notify Landlord of any fires or use of fire extinguisher within 24 hours of the occurrence. Tenant will be required to make all repairs at Tenant’s expense as a result of such occurrences. U. Attics: In the event the dwelling has an attic, use of the attic is not included in the rent, nor shall it be considered living space. Any use of the attic shall be at Tenant’s own risk. Tenant agrees to be responsible for maintaining this area properly. V. Damage: Tenant agrees to pay for repairs of all damage which they or their guests have caused. W. Appliances: The following appliances are in Property and included in this lease: __________________________________ ____________________________________________________________________________________________________. Tenant acknowledges that Tenant has inspected these appliances and that they are in good working order and repair. X. Minor Repairs: Tenant is responsible for minor repairs such as light switches, replacing light bulbs, doorknobs, broken windows, leaking faucets, minor toilet problems, etc. Repairs costing less than $50.00 shall be deemed minor repairs. Should Tenant neglect maintenance responsibilities, Landlord may assume them on Tenant’s behalf and any expenses incurred by Landlord in connection therewith shall be considered additional rent payable to Landlord on demand. 16. RULES AND REGULATIONS: A. Tenant acknowledges that smoking is prohibited indoors on the Property. B. Motor vehicles with expired or missing license plates, non-operative vehicles, boats, trailers, RVs and campers are not

permitted on Property. Any such vehicle may be removed by Landlord at the expense of Tenant for storage or for public or private sale, at Landlord’s option, and Tenant shall have no right or recourse against Landlord thereafter. C. Other than normal household goods in quantities reasonably expected in normal household use, no goods or materials of

any kind or description which are combustible would increase fire risk or increase the risk of other casualties, shall be kept in or placed on Property. D. Tenant shall not, on or in Property, improperly dispose of motor oil, paints, paint thinners, gasoline, kerosene or any other

product which can cause environmental contamination on or in Property. E. No waterbeds are allowed in Premises without written consent of Landlord. F. No space heaters or window air conditioning units shall be used to heat or cool Premises except with the written consent of

Landlord. G. Tenant shall comply with all posted rules and regulations governing the use of any recreational facilities, if any, located on

Property. H. Tenant acknowledges that smoking □ Is □ Is NOT allowed in this Property. I. Tenant shall comply with all posted Rules and Regulations governing the parking of motor vehicles on Property or the use of

driveways, sidewalks and streets on Property. J. Tenant shall not skateboard, skate, rollerblade or bicycle on Property without wearing proper safety equipment. K. Any location and means of installation and repair and/or maintenance of any telephone, cable TV, satellite, Internet or data

wiring and/or systems are the sole responsibility of Tenant, but must be approved, in advance, by Landlord. Landlord does not warrant and shall not be responsible for any portion of any telephone, cable TV, satellite, Internet or data wiring and/or systems serving Property. 17. RIGHT OF ACCESS, SIGNAGE: Landlord shall have the right of access to Premises or Property for inspection, repairs

and maintenance during reasonable hours. In the case of emergency, Landlord may enter Premises or Property at any time to protect life and prevent damage to Premises and Property. During the last 30 days of the term of the Lease, and during any period when Premises is being leased month to month, Landlord may place a “for rent” or “for sale” sign in the yard or on the exterior of any dwelling on Property, may install a lockbox and may show Premises to prospective tenants or purchasers during reasonable hours. Tenant agrees to cooperate with Landlord and Broker who may show Premises to prospective tenants or buyers. In the event a lockbox is installed, Tenant shall secure jewelry and other valuables and agrees to hold Landlord harmless for any loss thereof. For each occasion where the access rights described above are denied, Tenant shall pay Landlord the sum of $100 as liquidated damages; it being acknowledged that Landlord shall be damaged by the denial of



access, that Landlord’s actual damages are hard to estimate, and that the above amount represents a reasonable pre-estimate of Landlord’s damages rather than a penalty. 18. EARLY TERMINATION BY TENANT:

A. Right to Terminate Early: Tenant shall have no right to terminate this Lease early. B. Military Activation: Notwithstanding any provision to the contrary contained herein, if Tenant is called to active duty during the term of this Lease, Tenant shall present to Landlord the official orders activating Tenant; then and in that event, this Lease shall be controlled by the Service members’ Civil Relief Act of 2003 as amended in 50 U.S.C.A. § 50-534. C. Active Military: If Tenant is on active duty with the United States military and Tenant or an immediate family member of Tenant occupying Premises receives, during the term of this Lease, permanent change of station orders or temporary duty orders for a period in excess of three months, Tenant’s obligation for rent hereunder shall not exceed: 1) 30 days rent after notice and proof of the assignment are given to Landlord; and 2) the cost of repairing damage to Premises or Property caused by an act or omission of Tenant. If Tenant is active military and presents to Landlord a copy of official orders of transfer to another military location, then and in that event, items 11.A.3 and 11.A.5 above shall not apply. D. Holding Over: Tenant shall have no right to remain in the Property after the termination or expiration of this Lease. Should Tenant fail to vacate the Property upon the expiration or termination of this Agreement, Tenant shall pay Landlord a per diem occupancy fee of 120% of the daily rental rate for every day that Tenant holds over after the expiration or termination of this Lease. Acceptance of the occupancy fee by Landlord shall in no way limit Landlord’s right to treat Tenant as a tenant at sufferance for unlawfully holding over and to dispossess Tenant for the same. 19. EARLY TERMINATION BY LANDLORD: Landlord shall have no right to terminate this Lease early.

20. LEAD BASED PAINT: For any dwelling located on Property built prior to 1978, Tenant acknowledges that Tenant has

received, read, and signed the Lead-Based Paint Exhibit attached hereto and incorporated herein by reference. 21. NOTICE OF PROPENSITY OF FLOODING: Landlord hereby notifies Tenant as follows: Some portion or all of the living space or attachment thereto on Premises has □ OR has NOT □ been flooded at least three times within the last five years

immediately preceding the execution of this Lease. Flooding is defined as the inundation of a portion of the living space caused by an increased water level in an established water source such as a river, stream, or drainage ditch, or as a ponding of water at or near the point where heavy or excessive rain fell. 22. RENEWAL TERM: Either party may terminate this Lease at the end of the term by giving the other party 30 days notice

prior to the end of the term. If neither party gives notice of termination, the Lease will automatically be extended on a month-to-month basis with all other terms of the Lease remaining the same. Thereafter, Tenant may terminate this Lease upon 30 days notice to Landlord and Landlord may terminate this Lease upon 60 days notice to Tenant, except that Landlord reserves the right to increase the amount of the rent upon delivery of notice to Tenant 60 days prior to the effective date of any rent increase. 23. SUBLET AND ASSIGNMENT: Tenant may not sublet Premises in whole or in part or assign this Lease without the prior

written consent of Landlord. This Lease shall create the relationship of Landlord and Tenant between the parties hereto; no estate shall pass out of Landlord and this Lease shall create a usufruct only. 24. NUISANCES AND UNLAWFUL ACTIVITIES: Tenant shall be responsible for ensuring that Tenant and members of

Tenant’s household and their invitees, licensees and guests comply with the Rules and Regulations applicable to Tenant set forth herein and any term, condition or provision of this Lease relating to the use of the Premises or Property and do not engage in any activity while on Property that is unlawful, would endanger the health and safety of others or would otherwise create a nuisance. In the event Tenant or any of the above named parties are arrested or indicted for an unlawful activity occurring on Property and said charges are not dismissed within 30 days thereafter, Tenant shall be deemed to be in default of this Lease and Landlord may terminate this Lease immediately. For the purpose of this Lease, an unlawful activity shall be deemed to be any activity in violation of local, state or federal law. 25. PROPERTY LOSS: Storage of personal property by Tenant in Premises or in any other portion of Property shall be at Tenant’s risk and Landlord shall not be responsible for any loss or damage. Tenant shall be responsible to purchase personal property insurance to insure Tenant’s personal property against loss or damage.

26. DEFAULT:

A. Default Generally: Tenant shall be in default of this Lease upon the occurrence of any of the following: 1. Tenant fails to cure any violation of Rules and Regulations set forth herein, or otherwise fails to abide by and perform any of the obligations, terms, conditions or provisions of this Lease within three days after Landlord delivers notice of the same to Tenant. 2. Tenant violates the Rules and Regulations set forth herein three times during the term of the Lease regardless of whether such violations is cured.



3. Tenant files a petition in bankruptcy (in which case this Lease shall automatically terminate and Tenant shall immediately vacate the Premises leaving it in the same condition it was in on the date of possession, normal wear and tear excepted.) 4. Tenant fails to timely pay rent or other amounts owed to Landlord. 5. Tenant fails to reimburse Landlord for any damages, repairs and costs to the Premises or Property (other than normal wear and tear) caused by the actions or neglect of Tenant or members of Tenant’s household and their invitees, licensees and guests. All rights and remedies available to Landlord by Law or in this Lease shall be cumulative and concurrent.

B. Effect of Default: If Tenant defaults under any term, condition or provision of this Lease, Landlord shall have the right to terminate this Lease by giving notice to Tenant and to pursue all available legal and equitable remedies to remedy the default. Such termination shall not release Tenant from any liability for any amount due under this Lease. All rights and remedies available to Landlord by law or in this Lease shall be cumulative and concurrent. 27. ACCELERATION: Upon default, or upon termination of this Lease for any one or more of the causes of default, the rents

for the entire rental period, and other indebtedness, if any, payable under provisions hereof shall be immediately due and payable without regard as to whether or not possession shall have been surrendered or taken by Landlord. 28. DESTRUCTION OF PROPERTY:

A. If flood, fire, storm, mold, other environmental hazards that pose a risk to the occupants health, other casualty or Act of God shall destroy (or so substantially damage as to be uninhabitable) Premises, rent shall abate from the date of such destruction. Landlord or Tenant may, by written notice, within 30 days of such destruction, terminate this Lease, whereupon rent and all other obligations hereunder shall be adjusted between the parties as of the date of such destruction. B. If Premises is damaged but not rendered wholly untenable by flood, fire, storm, or other casualty or Act of God, rent shall abate in proportion to the percentage of Premises which has been damaged and Landlord shall restore Premises as soon as is reasonably practicable whereupon full rent shall commence. C. Rent shall not abate nor shall Tenant be entitled to terminate this Lease if the damage or destruction of Premises, whether total or partial, is the result of the negligence of Tenant or Tenant’s household or their invitees, licensees, or guests. 29. DISCLAIMER:

A. General: Tenant acknowledges that they have not relied upon any advice, representations or statements of Landlord and shall waive and shall not assert any claims against Landlord involving the same. Tenant agrees that Landlord shall have no responsibility to advise Tenant on any matter including but not limited to the following: any matter which could have been revealed through a survey, title search or inspection of Property; the condition of Property, any portion thereof, or any item therein; building products and construction techniques; the necessity or cost of any repairs to Property; mold; hazardous or toxic materials or substances; termites and other wood destroying organisms; the tax or legal consequences of this transaction; the availability and cost of utilities or community amenities; the appraised or future value of Property; any condition(s) existing off Property which may affect Property; the terms, conditions and availability of financing; and the uses and zoning of Property whether permitted or proposed. Tenant acknowledges that Landlord is not an expert with respect to the above matters and that, if any of these matters or any other matters are of concern, Tenant should seek independent expert advice relative thereto. B. Neighborhood Conditions: Tenant acknowledges that in every neighborhood there are conditions which different tenants may find objectionable. It shall be Tenant’s duty to become acquainted with any present or future neighborhood conditions which could affect the Property including without limitation land-fills, quarries, high-voltage power lines, cemeteries, airports, stadiums, odor producing factories, crime, schools serving the Property, political jurisdictional maps and land use and transportation maps and plan. If Tenant is concerned about the possibility of a registered sex offender residing in a neighborhood in which Tenant is interested, Tenant should review the Georgia Violent Sex Offender Registry available on the Georgia Bureau of Investigation Website at www.state.ga.us/gbi/disclaim.html. 30. OTHER PROVISIONS:

A. Time of Essence: Time is of the essence of this Lease. B. No Waiver: Any failure of Landlord to insist upon the strict and prompt performance of any covenants or conditions of this Lease or any of the rules and regulations set forth herein shall not operate as a waiver of any such violation or of Landlord’s right to insist on prompt compliance in the future of such covenant or condition, and shall not prevent a subsequent action by Landlord for any such violation. No provision, covenant or condition of this Lease may be waived by Landlord unless such waiver is in writing and signed by Landlord. C. Definitions: Unless otherwise specifically noted, the term “Landlord” as used in this Lease shall include its representatives, heirs, agents, and assigns, and the term “Tenant” shall include Tenant’s heirs and representatives. The terms “Landlord” and “Tenant” shall include singular and plural, and corporations, partnerships, companies or individuals, as may fit the particular circumstances. The term “Binding Agreement Date” shall mean the date that this Lease has been signed by the tenant and Landlord and a fully signed and executed copy thereof has been returned to the party making the offer to lease. D. Joint and Several Obligations: The obligations of Tenant set forth herein shall be the joint and several obligations of all Tenants.

http://www.state.ga.us/gbi/disclaim.html



E. Entire Agreement: This Lease and any attached addenda and exhibits thereto shall constitute the entire Agreement between the parties and no verbal statement, promise, inducement or amendment not reduced to writing and signed by both parties shall be binding. F. Attorney’s Fees, Court Costs and Costs of Collection: Whenever any monies due hereunder are collected by law or by attorney at law to prosecute such an action, then both parties agree that the prevailing party will be entitled to reasonable attorney’s fees, plus all court costs and costs of collection. G. Indemnification: Tenant agrees to indemnify and hold harmless Landlord against any and all injuries, damages, losses, suits and claims against Landlord arising out of or related to: (a) Tenant’s failure to fulfill any condition of this Lease; (b) any damage or injury happening in or to Property or to any improvements thereon as a result of the acts or omissions of Tenant or Tenant’s household and their invitees, licensees and guests; (c) Tenant’s failure to comply with any requirements imposed by any governmental authority; (d) any judgment, lien or other encumbrance filed against Property as a result of Tenant’s actions and any damage or injury happening in or about Property to Tenant or Tenant’s household and their invitees, licensees and guests (except if such damage or injury is caused by the intentional wrongful acts of Landlord) and Tenant covenants not to sue Landlord with respect to any of these matters. H. Notices:

1. All Notices Must Be In Writing. All notices, including but not limited to offers, counteroffers, acceptances, amendments, demands, notices of termination or vacating and other notices, required or permitted hereunder shall be in writing, signed by the party giving the notice. 2. Method of Delivery of Notice. Subject to the provisions herein, all notices shall be delivered either: (1) in person; (2) by an overnight delivery service, prepaid; (3) by facsimile transmission (FAX); or (4) by registered or certified U. S. mail, pre-paid return receipt requested. 3. When Notice Is Deemed Received. Except as may be provided herein, a notice shall not be deemed to be given, delivered or received until it is actually received. Notwithstanding the above, a notice sent by FAX shall be deemed to be received by the party to whom it was sent as of the date and time it is transmitted provided that the sending FAX produces a written confirmation showing the correct date and the time of the transmission and the telephone number referenced herein to which the notice should have been sent a personal delivery of notice to Landlord shall only be deemed to be received when it is: a) actually received by Landlord b) actually received by an agent acting on behalf of Landlord in the transaction in which notice is being sent; or c) delivered to an office of the Landlord at a time when an agent or employee of Landlord is there to receive it. 4. Certain Types of Signatures Are Originals. A facsimile signature shall be deemed to be an original signature for all purposes herein. An e-mail notice shall be deemed to have been signed by the party giving the same if the e-mail is sent from the e-mail address of that party and is signed with a “secure electronic signature” as that term is defined under Georgia Law

J. Keys: Landlord may release keys to Property to any of the occupants listed herein. K. Waiver of Homestead Rights: Tenant, for himself and his family, waives all exemptions or benefits under the homestead laws of Georgia. L. Governing Law: This Lease may be signed in multiple counterparts and shall be governed by and interpreted pursuant to the laws of the State of Georgia. M. Security Disclaimer: Tenant acknowledges that: (1) crime can occur in any neighborhood including the neighborhood in which Property is located; and (2) while Landlord may from time to time do things to make Property reasonably safe, Landlord is not a provider or guarantor of security in or around Property. Tenant acknowledges that prior to occupying Property, Tenant carefully inspected all windows and doors (including the locks for the same) and all exterior lighting and found these items: a) to be in good working order and repair; and b) reasonably safe for Tenant and Tenant’s household and their invitees, licensees and guests knowing the risk of crime. If during the term of the Lease any of the above items become broken or fall into disrepair, Tenant shall give notice to Landlord of the same immediately.

31. AGENCY DISCLOSURE AND PROPERTY MANAGEMENT: Tenant acknowledges and clearly understands that myHomeSpot.com and its agents are employed by the Owner of the Property as third party property managers, and therefore does not own the Property itself. As such, myHomeSpot.com is considered an agent and representative for the Owner pursuant to Brokerage Relationships in Real Estate Transactions Act, O.C.G.A. § 10-6A-1 et. seq.; Although employed and paid by the Owner, it is our obligation to treat all parties fairly, candidly, and ethically.



32. EXHIBITS: All exhibits attached hereto listed below or referenced herein are made a part of this Lease. If any such exhibit

conflicts with any preceding paragraph, said exhibit shall control: - Lease Summary Sheet - Late Fee Policy - New Tenant Guide - Move-In/Out Inspection Form - Automated Rent Deduction Form 33. SPECIAL STIPULATIONS: The following Special Stipulations, if conflicting with any exhibit or preceding paragraph, shall

control: IN WITNESS WHEREOF, the parties hereto have set their hand and seal the day and year first written above.

myHomeSpot.com, LLC 4840 Roswell Rd NE ___________________________________________ Bldg C, Ste 302 Tenant’s Signature Date Atlanta, GA 30342 p. 678.999.4422 f. 404.974.3489 Brokerage Firm License Number 58179 ___________________________________________ Tenant’s Signature Date By: ________________________________ ___________________________________________ ___________________________________ Tenant’s Signature Date Print of Type Name



myHomeSpot.com Late Fee Policy

ALL RENT IS DUE ON THE 1ST OF THE MONTH BY 5:00 PM. If the

1st of the month falls on a Saturday, Sunday or a federal holiday, late fees on rent received by 5:00PM during the next business day will be

waived. If rent is received past due, a seventy five dollar late fee is charged, plus an additional $10.00 for every subsequent

day late. An illustration of how late fees are charged is provided

below:

Day of Month Late Fee 1st: $0.00 2nd: $75.00 3rd: $85.00 4th: $95.00 5th: $105.00 6th: $115.00 7th: $125.00 + $50 Notice Posting Fee 8th: $185.00 9th: $195.00 10th: $205.00 + Eviction Filing Fees

ALL LATE PAYMENTS MUST BE MADE BY CERTIFIED FUNDS

**No Cash Accepted**

If for any reason this late fee policy is unclear, please ask a property

management specialist to explain it further.

Management


PART V TYPICAL PROCESSING

Preparing Your Home

It is essential that your home be in absolute move-in condition prior to the showing and marketing of the property. It has been proven time and again that those homes in the best condition rent faster, for more money and attract better tenants. By leaving the home in less than clean and maintained condition tells the tenant you do not care for the property. If you give this message to a tenant, ask yourself, why should the tenant care for a home you are unwilling too. It is additionally important that we certify the present condition of the property so the return condition can be controlled. For this reason, we require that you have your property's carpet professionally cleaned and give us the invoice. If you prefer, we can arrange this service for you. The reason is that we will then require the tenant to do the same upon their vacating of the property. Upon our initial visit to setup your account, the leasing coordinator will complete an "Initial Condition Statement" certifying the properties condition and deficiencies. After recent local litigation, we have adopted a policy to require that all owners re-key the property each time the property is leased. You are required to take appropriate precautions for the tenant's safety and preventing unauthorized access is a small part of this. Once your property has been leased, we will hire a locksmith to re-key the entire property at your expense. Our office will then retain (2) copies with strict security for future inspections and access. A few dollars invested at the initial origination will make owning investment property easier and more profitable.

Entering into Contract

Our firm must have a written agreement to begin management of your property. These forms are available via email, fax, direct mail or an office appointment. After you complete a copy, we will then setup your account according to the instructions of our agreement. All of this data is inserted into our system so each rental office and manager may have access to your account specifics. We believe that our management system is better than any other company if you will give us the opportunity to prove it. Now that the contract is complete, we can begin the marketing services.

Marketing Services

Your property will be marketed using the most basic to the most sophisticated methods available. Immediately a yard sign and lockbox will be installed. Then, the unit features and other specifics will be loaded into the area Multiple Listing Service, websites and interoffice inventory records. Multi-media advertising may also be used in local newspapers, military housing offices, magazines, websites and much more focused on attracting a qualified tenant to your property.

Accounting Cycles

All rents are completely processed within 3 business days upon receipt. The timely payment of your rental funds is extremely important to us. You should read thoroughly this entire manual to understand our processes. The accounting person is extremely busy during from the first day of the month until the eighth day for obvious reasons. No calls are taken by the accountant during these days. We ask that you leave a message with a detailed request so your call may be returned within one business day. All accounting phone calls will be returned between the hours of 2:00 and 5:00pm no later than the next business day. If you can email your inquiry, you may receive a faster response. Again, the policy is only in effect from the 1

st

through the 15th. After these dates, the telephone lines are open and you may feel free to discuss any concern or question.

Your questions can be answered by your property manager. Please remember that they have viewing privileges to your account history and status. Questions related to when, if, how your tenant paid, invoice charges, lease expiration and deposit refunds should first be directed to your property manager. Any change in your contact or banking information may also be directed to the manager. Thank you for making our goal of timely payment easier.

Management Reporting

Each month, our processing center will prepare your Management Income and Expense Statement. If you receive your payment electronically using our E-Pay system, your statement is sent the same day the transaction is initiated. If your payment is delivered by printed check, a brief statement is printed on the actual check. All statements are made available online; a physical copy can be provided to you by request. The management statement can be easily customized online according to your preferences. Most owners will review a unit detail section explaining the date, memo and category of all transactions for the month. The balance line will show your maintenance reserve amount and a unit summary will total the category of your transactions. A tenant summary is available to keep you informed to any unpaid balance of the tenant. You will agree, our management statements are easier to read due to large print, clearly defined sections and quality of information delivered.


PART VI FREQUENTLY ASKED QUESTIONS

1. How long does it take to lease my property?

At MyHomeSpot.com, the estimated time to lease your home is less than 30 days. This is because we begin marketing your rental home the moment it becomes rent ready, or as soon as the current residents give us their 30 day notice of their intent to move out. We average numerous prospective tenant calls each week and we can show your rentals seven days a week.

In addition to our attractive yard signs, we also immediately place your rental property into our many web sites. All advertising costs are the expense of MyHomeSpot.com.

2. When you find residents for my rental home, how do you qualify them?

We strive to provide you with the most qualified and responsible of residents that you want living in your rental property. This includes:

o A complete national credit report on each adult resident.

o A local county court house search to see if the applicants have been evicted in the past 7 years.

o Verification from their former landlords.

o Verification of their employment.

In addition to the normal financial qualifications, we always try to accommodate the housing needs of our residents to ensure that the home they rent is convenient to their work, shopping and desired school district. This will help to ensure that they will remain happy residents and remain longer in your rental property. At MyHomeSpot.com, we believe that responsible residents are worth waiting for.

3. How quickly do you process the rents and statements to owners?

We pride ourselves on quick turnaround of your rents and statements. We generally process the rents and statements three business days after receipt of the rent. Our multiple property owners can expect that we will process their rents no later than the 10th of each month.

4. How are rental collections handled?

Our collections policies are as follows:

o All rents are due on the 1st day of each month and late on the 3rd day of each month.

o All residents who have not paid by the 3rd of each month receive our first notice, which simply serves as a friendly reminder. We also attempt to reach them by phone.

o Any remaining residents who have not remitted their rents by the 6th (or 7th, if the 6th is on a weekend) will be served between the 7th and the 9th with the legal prerequisite paperwork to file an eviction against them, should they fail to remit the rents due.

NOTE: All of the above items are included at no additional cost to you as a service provided by MyHomeSpot.com.

While it is doubtful that an eviction will ever be necessary, as we at myHomeSpot.com carefully screen all prospective tenants, occasionally financial hardships do arise requiring our prompt collections attention.

Should it be necessary to file an eviction; or, if you have a tenant who needs to be evicted when you sign on with our company, we then perform the following steps:

o All paperwork, (including, but not limited to) copies of the lease, and our notices served upon the resident are forwarded to The Clerk of The Court on the 15th of the month, (or sooner if you request) to proceed immediately in filing the eviction action. To save our property owners from additional losses, we do not use an attorney for


simple evictions. Most evictions are settled with the resident paying all costs and remaining in the property, however, should it be necessary to proceed further, we stand ready to assist you and your property.

5. Do you guarantee the residents that you place in my rental home?

YES, we provide our property management customers with the following guarantee:

o Should any tenants that we place into your rental home move out and break their lease (for any reason) during the first 6 months of their lease, we will waive our normal leasing fee and re-rent your home to new tenants for free.

o Should any tenants that we place into your rental home move out and break their lease after the first 6 months of their lease, we will reduce our fee by pro-rating our normal leasing fee to you.

At MyHomeSpot.com, you will never pay two full leasing fees in the same 12 month period! Additionally, we always pay for the cost of advertising (unless you instruct us to lease a property for a 7 month period).

6. How do you guarantee the statement “Tenant Pays On Time, Every Time”*?

If you have paid MyHomeSpot.com a “Leasing Fee” for finding a qualified tenant, myHomeSpot.com will not only replace that tenant at no cost to you if the tenant is evicted, but myHomeSpot.com will also waive any management fee due should that tenant ever pay their rent late! That’s right – the tenant pays rent on time (5

th day of the month) or you do not pay a

management fee. It’s just that simple of guarantee. *Exclusions apply, guarantee may be modified, withdrawn or rescinded without advance notification. Guarantee is not valid for any HUD or subsidized housing lease agreements or other leases of rental values under $500 per month.

7. How are and how often are the property inspections conducted?

o An initial inspection is performed upon signing this agreement.

o When your property is vacant, we generally inspect it each week.

o The next inspection is done prior to the residents moving in. This is known as the "move in" inspection, where we detail the condition of your property on our move-in inspection form.

o We inspect the exterior of our properties on a frequent basis and we also conduct interior inspections upon each lease renewal, vacancy or if it is determined that checking the property is warranted.

o Within 90 days after the residents move in, we contact the residents to ensure that all is well with your property and your residents.

o When the residents move out of your property we do another detailed inspection known as the "move out" inspection. The move out inspection is done to ensure that the residents return the rental home back to us in the same condition as when they first rented it. If damage is found, we then impose a claim on the Tenants security deposit in accordance with Georgia Landlord/Tenant Laws, if no damage is found, we then promptly return the security deposit to the former residents.

8. How do your fees compare to other property managers?

It seems there is a new property management company starting out every day, trying to beat everyone else's prices. Our fees are very competitive and we certainly are not the most expensive. On the other hand, we charge a fair fee for a tremendous service.

No other residential property management company in our area offers all of our combined services including;

o Developing personal relationships with our customers.

o Full time, experienced property managers.

o Our extremely careful tenant selection process.


o Our leasing fee/tenant guarantee.

o Our fast rent processing policy.

o We show properties and are open 7 days a week.

o Our comprehensive online services

When all fees are considered, for benefits received, we are actually less expensive than most companies. In property management, you get what you pay for.

9. Who handles problems late at night?

We are on call to handle late night calls from our residents 24 hours a day. Many times we solve problems right over the phone avoiding what might have been an additional maintenance expense.

10. What legal actions will you take on my behalf?

The state law requires that we can take all the initial legal actions in your behalf related to the collection of rents and termination of a lease for non-compliance with the lease terms. Our firm will complete all the paperwork, arrange for the delivery and posting of the required notices and submit all evidence required. However, we can only perform an eviction for an uncontested eviction related to nonpayment. If your tenant contests the eviction or you elect to terminate the lease for a breach related to the tenant use or action, this petition must be handled by an attorney.

11. If a tenant skips, what collection actions does myHomeSpot.com take?

As you know, myHomeSpot.com provides a "leasing guarantee" to every tenant we place. If for some reason or the other a tenant does not perform according to the contract's financial obligation, we can take additional collection action in your behalf. The collection services are provided by a reputable third party agency that has a proven track record for collecting these types of accounts. This matter will be pursued through aggressive letters, derogatory reports to the credit bureaus and in some cases, a lawsuit when necessary. myHomeSpot.com is one of the few companies to offer these services.

12. Why should I choose myHomeSpot.com?

Our customers know that "Our people make the difference". We believe that the key to our success is in the personal relationships that we have developed with our customers. We improve upon those relationships by providing each and every client the personal attention they deserve. We also enhance their experience with us through the use of technology, making their property management experience simpler, more effective, and better than they could have ever expected. Our goal is to be there to serve you and your residents every property management need. At myHomeSpot.com, you are the boss and we will work hard to earn your trust.

If you have a residential rental property in the Greater Atlanta Metro Area, there is no better choice for your investment than choosing myHomeSpot.com as your next property manager.


PART VII PROPERTY OWNERS EXPECTATIONS

What You Can Expect From MyHomeSpot.com

The purpose of this section is to present the benefits our property owners can expect to receive from MyHomeSpot.com. In establishing a personal relationship with our customers, it is important that each party understands exactly what is expected of the other. Our primary objective is to attain the goals and objectives of our customers and their rental properties.

We believe that by familiarizing you with the administrative process of how we lease and manage your rental property, we can avoid surprises that could occur later on. It is important that you realize that we will move forward with our administrative property management process as outlined herein, unless you otherwise direct us in writing. Therefore it is to your benefit to review and understand the following services that are automatically provided and instituted by MyHomeSpot.com for the benefit of you and your property.

The following is an outline of some of these benefits and services that you as our customer can expect us to automatically provide and institute on your behalf:

Leasing

o You can expect that we will place our attractive "Home for Rent" yard sign on your property, (if allowed) at least two weeks prior to any known vacancy, or immediately if you have just listed your rental home with us. In addition we will use a lock box for ease of showing.

o You can expect that we will place your vacant property in our many web sites, as well as the local multiple listing service.

o You can expect that we may place your vacant property in the local newspaper, if we deem it necessary. Note: All advertising costs are included as a service of MyHomeSpot.com.

o You can expect that our agents will schedule showings of your property 7 days a week to all prospective renters until your rental home is leased.

Your can expect that all rental applicants will be subjected to:

1. A credit report on each adult rental applicant.

2. An eviction search of the local county public records to ensure that the applicant has not been evicted in the preceding 7 years.

3. A verification of applicant's former landlord's references.

4. A verification of the applicant's employment or income.

You can expect that we will lease your property at the asking amount of rent, (as outlined in your management agreement with us) or higher. You can expect that we will not lease your property at a lower amount, without first obtaining your permission.

You can expect that once the rental applicant process is approved, we will complete and execute the lease agreement and give the residents possession of your rental home.

You can expect that we will conduct a "Move-In" property inspection and complete our detailed property inspection data sheets of your property.

You can expect to be notified by our company that your property has been leased. A copy of the lease agreement will be sent to you, once all parties have properly executed it and the residents have taken possession.

Lease Renewals

1. You can expect that we will attempt to renew the residents lease at least 60 days prior to the expiration of their lease agreement.


2. You can expect that we will renew the tenants lease for another year at the same or at a slightly higher amount of rent, if possible. We will not renew the lease at a lower amount, without your specific permission to do so.

3. You can expect that we will place our home for rent sign and begin showing the property for lease as outlined in the leasing section above, in the event that the current tenants are not renewing their lease.

4. You can expect that we will renew the residents lease agreement, or re-rent the property to new residents, unless we have a written directive from you not to renew the lease or re-rent the property.

Rent Processing & Accounting

At MyHomeSpot.com, our property management software is the absolute best property management software in the industry.

A. You will have online access to multiple reports showing all of the income and expenses of your rental property.

B. You can obtain a year end summary statement for your tax purposes on line. This statement will show all of your yearly income and expenses and categorizing said income and expenses. A 1099 will be mailed to you at the address of your primary residence.

C. Our single property owners can expect that we will process your rental payments to you within three business days of our receipt of the rent. Our multiple property owners can expect that we will process all of your rents no later than the 15th of each month.

D. Your can expect that we will make your mortgage payments and/or homeowners association payments, if you so direct and provided that adequate funds are available in your property trust account. You can expect that we will not make these payments if adequate funds are not available in your trust account. We require, at all times, one month's payment be held in trust.

E. You can expect that in the last month of a tenants lease, we will hold funds in your trust account to protect you by ensuring that adequate funds are available to make your rental home "rent-ready", thereby ensuring faster lease ups and less vacancy time.

Rent Collections & Delinquencies

At MyHomeSpot.com, we do not tolerate the delinquent payment of rents. We are careful to explain this policy to new residents in order to avoid any misunderstandings that might arise later. Our rent collections & delinquencies policies are as follows:

A. You can expect that we will make every effort to collect rents timely and when due on the 1st of each month.

B. You can expect that we will mail your resident a "Friendly Reminder" if rents are not collected by the 4th of each month. We also will attempt to phone the tenant.

C. You can expect that we will "Hand Deliver" a 3-day notice, (Georgia's legal prerequisite to an eviction), between the 7th and the 9th of the month.

D. You can expect that we will turn delinquent residents over for an eviction to be filed on or shortly after the 15th of the month.


You can expect that we will conduct the following property inspections on your property:

A. When your property is vacant, we inspect it each week.

B. We conduct routine interior inspections.

C. We will conduct a "Move-In" inspection prior to new residents moving into the property.

D. Within 90 days after the residents move in, we contact the residents to ensure that all is well with your property and your residents.


E. During the 10th month of the residents lease we discuss with the residents their desire to renew their lease.

F. When the residents move out of your property, we do a "Move-Out" inspection and document the condition of the property.

Property Maintenance & Repairs

At myHomeSpot.com, we believe that it is a conflict of interest for us to profit from the misfortunes of others. Therefore, we will not assess a surcharge to our property owners for maintenance & repairs to their properties. To ensure quality service and perhaps reduce the amount of maintenance requested, we require our tenants to submit all maintenance requests either online or in writing. Any repair made due to the tenant's negligence or failure to report will be charged to the tenant. We insist that our tenants take good care of the property.

However, rental homes must be properly maintained in order to preserve the value of the property and maintain a positive relationship with the residents. Georgia also has laws that require landlords to comply with certain basic maintenance and repair items.

A. You can expect that myHomeSpot.com will not affect repairs to your property in excess of $250.00, without first obtaining your approval. NOTE: This excludes emergencies and repairs that are required by law (city, county, state or federal) or deed (homeowners and condo associations) to be effected to your property.

B. You can expect that if your property is vacant, we will affect items necessary to improve the property's show-ability to prospective renters. This means faster lease ups and less vacancy for you. Examples would include: lawn service, carpet cleaning, maid service, pool service, utilities and painting when necessary. In the event that any of these repairs were due to the former rental residents tenancy, you can expect that we will spend all of their security deposit first (not your money) in order to put your property back into it's pre-rented condition.

C. You can expect that we will institute minor maintenance & repair items ($250.00 or less) as requested by rental applicants to secure a lease to quality residents for your rental property. To avoid the possibility of a major liability to you, we change the locks between each tenancy.

D. You can expect that during the residents tenancy, we will institute minor maintenance & repairs ($250.00 or less) when deemed by us to be necessary for the preservation of your property and/or the continuation of the residents tenancy, usually occurring at the renewal of their lease.

E. You can expect that we will only use repairmen, vendors and tradesmen that are properly licensed and insured to handle the type of work being performed on your property. F. You can expect to receive the duplicated invoices of all repairmen, vendors and tradesmen employed to affect repairs on your property. All such documents are provided on our online document manager system.


PART VIII CONTACT INFORMATION

At myHomeSpot.com, we believe that communications are the essential element in the success of our company. That is the underlying reason for the creation of this "Property Owners Handbook" and our "Residents Handbook" for all of our tenants.

In today's business environment, no one can assume to know or read the mind of another, or be certain of their goals and objectives. To this end, we at myHomeSpot.com have gone to great lengths to be accessible to our residents and property owners.

Please select from the following list of ways to communicate with us:

Correspondence

Office Facsimile

Atlanta (678) 999-4422 (404) 974-3489

You can expect that our phones are answered by a live person, no automated answering system during normal business hours 9:00 AM - 5:30 PM Monday through Friday. After hours our phones are forwarded to an answering service or voice mail, which in the event of a maintenance emergency, automatically pages the property manager on call. You can expect that our fax machine is on 24 hours a day, as many of our clients and property owners live overseas.

You can expect to receive virtually any answer regarding our company policies from our web site, as well complete many forms regarding your account. We check our e-mail throughout the day, Monday through Friday and reaching any member of our staff is easy to reach by typing their first name at myhomespot.com.

Direct Mail

All general correspondences and replies may be sent to the individual offices. Any official notices should be sent certified mail, return receipt at 4840 Roswell Rd, Building C Suite 302, Atlanta, GA 30342


Dear Property Owner:

Thank you for taking the time to review our Property Management Handbook! We trust that your experience with our firm will continue to be a pleasant experience and look forward to working with you and your property in the future. Please do not hesitate to contact me directly anytime we may be of service!

Respectfully,

Ramon Gonzalez Ramon Gonzalez Director of Client Relations MyHomeSpot.com

Documents

Property Management Handbook