Real Estate Engineering Private Limited

PROPERTY MANAGEMENT AGREEMENT

This Property Management Agreement (the Agreement) is entered into between the parties identified below on the Effective Date. The Manager shall be Real Estate Engineering Private Limited and the Owner shall be the individual or entity named as Owner. The Manager is engaged to manage and operate the Property described in this Agreement under the terms and conditions set forth herein.

PARTIES

Real Estate Engineering Private Limited

PROPERTY IDENTIFICATION

TERM

The initial term of this Agreement shall commence on and shall continue until unless earlier terminated as provided herein. Thereafter the Agreement shall renew automatically for consecutive periods of months unless either party gives written notice of non-renewal at least days prior to the expiration of the then-current term.

SCOPE OF SERVICES

The Manager shall provide professional property management services including, but not limited to: marketing and leasing of units; tenant screening and selection; collection of rents and other charges; coordination and supervision of repairs and maintenance; enforcement of lease terms; preparation and delivery of monthly and annual financial reports; and administration of security deposits in accordance with applicable law.

OWNER RESPONSIBILITIES

Owner shall: (a) maintain title and insurance as required below; (b) fund the initial operating reserve in the amount of ; (c) approve repair requests that exceed without emergency circumstances; and (d) timely provide funds for capital improvements approved in writing.

FINANCIAL TERMS

Manager shall be paid a management fee equal to of monthly gross collected rents, payable monthly on or before the day following the month of collection.

REPAIRS, MAINTENANCE AND CONTRACTOR SELECTION

Manager is authorized to undertake ordinary repairs and maintenance up to per occurrence without prior Owner approval. Emergency repairs necessary to prevent further loss or hazard may be made immediately; Manager shall notify Owner of such actions promptly. For repairs and capital improvements exceeding the repair approval threshold set forth above, Manager shall obtain Owner approval prior to commencing work, except in documented emergencies.

Manager shall seek competitive proposals where practicable and shall disclose any material relationship with contractors or vendors upon request. Manager shall not be liable for contractor performance unless Manager's selection constitutes gross negligence or willful misconduct.

ACCOUNTING, REPORTS AND AUDIT

Manager shall maintain accurate books and records of all receipts and disbursements relating to the Property and shall deliver monthly statements to Owner showing rents collected, fees charged, expenses paid and account balances. Owner may audit Manager's records upon days written notice and at Owner's expense, unless the audit reveals material discrepancies caused by Manager, in which case Manager shall bear reasonable audit costs.

INSURANCE

Owner shall maintain at its expense comprehensive property and liability insurance with coverage limits reasonably acceptable in the market. Manager shall be named as an additional insured and loss payee to the extent required for Manager's protection related to its management activities. Evidence of insurance shall be provided to Manager upon request.

TENANT SCREENING AND LEASING

Manager shall conduct tenant screening in accordance with applicable law, including credit, employment and rental history checks. Regular lease forms and material terms shall be in conformance with Owner's written leasing criteria. Manager may enter into leases on Owner's behalf with terms not exceeding months and rental rates consistent with market practice.

DISCLOSURES

The Owner hereby states the following known conditions pertaining to the Property. Check the applicable box for each item and provide details where required.

DEFAULT, REMEDIES AND TERMINATION

Either party may terminate this Agreement for cause upon days' written notice if the other party materially breaches any provision and fails to cure within the cure period. Upon termination, Manager shall deliver all records and funds to Owner and shall be entitled to compensation for services rendered and expenses incurred through the effective date of termination.

INDEMNIFICATION AND LIMITATION OF LIABILITY

Owner shall indemnify, defend and hold Manager harmless from and against all claims, liabilities and expenses arising out of Owner's breach of this Agreement, Owner's failure to maintain insurance, or Owner's negligence. Manager shall indemnify Owner for Manager's gross negligence or willful misconduct. Except for liability arising from gross negligence or willful misconduct, neither party shall be liable for incidental, consequential or punitive damages.

GOVERNING LAW; ENTIRE AGREEMENT

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. This Agreement, together with any exhibits and written addenda executed by the parties, constitutes the entire agreement between the parties and supersedes all prior agreements and understandings relating to the subject matter hereof. No amendment shall be effective unless in writing and signed by both parties.

NOTICES

All notices required under this Agreement shall be in writing and shall be delivered in person, by certified mail (return receipt requested), or by nationally recognized overnight courier to the addresses listed above, or to such other address as either party may designate in writing.

MISCELLANEOUS

If any provision of this Agreement is declared invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect. The waiver by either party of a breach of any provision shall not operate or be construed as a waiver of any subsequent breach.

SIGNATURES

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