Real Estate Property Group

REAL ESTATE PROPERTY GROUP PROPERTY MANAGEMENT AGREEMENT

This Property Management Agreement ("Agreement") is made and entered into as of (Effective Date) by and between:

Parties

Individual Limited Liability Company Corporation Trust

Property Identification

Term; Termination

The term of this Agreement shall commence on and shall continue until , unless earlier terminated in accordance with Section 9 below.

Management Authority and Duties

Manager is hereby engaged as the exclusive agent for the Owner for the operation, management, leasing and maintenance of the Property. Manager shall perform customary property management services including: marketing and leasing, tenant screening, rent collection, accounting and disbursement of funds, coordination of repairs, emergency response, and eviction proceedings as necessary. Manager shall act in the best interest of Owner consistent with this Agreement and applicable law.

Compensation; Financial Terms

As compensation for services, Owner agrees to pay Manager the following fees and to comply with the financial procedures set forth below:

Manager shall deduct fees, authorized expenses and reserves from collected funds prior to disbursement to Owner. Owner authorizes Manager to establish and maintain an operating account in Manager's name for the Property; all receipts shall be deposited therein and disbursements made as provided herein. Manager shall provide monthly statements to Owner itemizing receipts, disbursements, fees and reserves.

Leasing, Tenant Screening and Security Deposits

Manager shall perform tenant screening in Manager's customary manner, including credit and criminal history checks where permitted by law. Manager shall collect security deposits on behalf of Owner and shall hold and disburse such deposits in accordance with applicable law and the terms of the tenant lease. Owner acknowledges and agrees that Manager will sign leases on Owner's behalf as agent and shall retain copies in Manager's records.

Maintenance, Repairs and Emergencies

Manager shall arrange for maintenance and repairs as necessary to preserve the Property. Manager may contract for emergency repairs up to the Repair Authorization Limit without prior Owner approval. For non-emergency repairs exceeding the authorized limit, Manager shall obtain Owner approval prior to contracting or incurring expense.

Insurance; Indemnification

Owner shall maintain property and liability insurance covering the Property in commercially reasonable amounts and shall name Manager as additional insured where required by Manager's underwriting guidelines. Owner shall indemnify and hold Manager harmless from and against claims, liabilities, costs and expenses arising from Owner's negligence, breach of this Agreement, or failure to maintain insurance, except to the extent caused by Manager's gross negligence or willful misconduct.

Disclosures

Owner represents and warrants the following regarding the Property:

Lead-based paint disclosure: Yes No

Known mold or moisture intrusion: Yes No

Prior structural or water damage disclosed: Yes No

Default; Remedies; Termination

Failure by either party to perform any material obligation under this Agreement shall constitute a default. The non-defaulting party shall provide written notice specifying the nature of the default and a period of thirty (30) days to cure, provided that certain defaults (including failure to remit funds or to perform in the event of emergency) may be cured immediately as reasonably required. If not cured within the applicable period, the non-defaulting party may terminate this Agreement and pursue any remedies available at law or in equity.

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state where the Property is located. This Agreement, together with any exhibits or addenda executed by the parties, constitutes the entire agreement between Owner and Manager and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter hereof.

Notices

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth below (or such other address as a party may designate by written notice).

Certification by Owner

Owner certifies that Owner is the lawful owner of the Property or is authorized to execute this Agreement on behalf of the owner entity, that information provided in this Agreement is true and correct to Owner's best knowledge, and that Owner will comply with federal, state and local laws applicable to the ownership and operation of the Property.

Acknowledgment

By signing below, the parties acknowledge that they have read and understand this Agreement, including the rights and obligations set forth herein, and that they have authority to execute this Agreement on behalf of the parties they represent.

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