Property Management Report

PROPERTY MANAGEMENT REPORT

Report Period: From to .

Recitals

WHEREAS, Property Manager represents that it has been retained and authorized by Owner pursuant to the Management Agreement dated to manage, operate and report on the property identified above;

WHEREAS, this Property Management Report is prepared by Property Manager to document activities, financials, maintenance and recommendations for the reporting period and to satisfy reporting obligations under the Management Agreement;

WHEREAS, Owner acknowledges receipt of this report and the statements contained herein and reserves all rights to request additional information or supporting documents as provided under the Management Agreement and applicable law.

Scope of Work

Summary of Activities

Tenant communications, inspections, leasing actions, and other material activities conducted during the reporting period:

Occupancy & Leasing

Current units occupied:    Vacant units:    New leases signed this period:

Financial Summary

Rent collected during period: $    Other income: $

Maintenance & repairs paid: $    Management fee retained: $

Maintenance & Repairs

Emergency repairs performed: Yes

Inspections

Date of last inspection:

Payment Terms (Management Fees & Remittance)

Management fee amount or formula:

Late fee for overdue remittance:

Term & Termination

Term start date:    Term end date:

Required notice to terminate:

Confidentiality

Property Manager and Owner each acknowledge that certain information disclosed in this report and in connection with property management services is confidential. Each party shall maintain the confidentiality of financial information, tenant records, vendor pricing, and any other non-public information disclosed in connection with the Management Agreement, shall use such information solely for purposes of performance under the Management Agreement, and shall not disclose such information to any third party except as required by law or with the other party's prior written consent.

Governing Law

This report, including any underlying Management Agreement provisions incorporated herein, shall be governed by and construed in accordance with the laws of the state of without regard to conflict of law rules.

Entire Agreement

This Property Management Report, when executed by the parties, constitutes the complete record of activities and statements for the reporting period. Except as expressly provided, no representation, warranty, or term not set forth in the Management Agreement or this Report shall be binding upon either party. To the extent any provision of this Report conflicts with the Management Agreement, the Management Agreement shall govern unless the parties expressly agree in writing otherwise.

Attachments

Include the following supporting documents with this report (check all that apply):

Rent roll    Invoices/Receipts    Photographs    Inspection report

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