THIS PROPERTY AGREEMENT shall be effective

From:                                                              October 15, 20--                            To:              October 14, 20--

By and between SIGNATURE VILLAS ORLANDO, LLC of registered address: 15350 Grandhaven Drive, Clermont, FL 34714, USA hereinafter will be referred to as the

“Manager” and                                                      

Hereinafter will be referred to as the "Owner"

WHEREAS, the” Manager” desires to provide property management services for absentee property “Owner's” and

WHEREAS, the “Owner” desires to enter into agreement with the “Manager” under the terms, covenants and conditions hereinafter set forth at the property of the “Owner” hereinafter called the “Property” located at:

Address:

This agreement is for the initial term of 12 months and is subject to automatic renewal at the end of each 12 month term unless written notice is served at least 30 days prior to expiration of the current term.

NOW THEREFORE, in consideration of the mutual covenants and promises of the parties involved, it is hereby agreed as follows:

THE “MANAGERS” OBLIGATIONS

The “Manager” shall have the right to rent and manage the “Property” on behalf of the “Owner” and pursuant to such right; the “Manager” shall provide and perform the following services outlined below

a) Carry out the walk through inspection of “Property”, prior to closing (if new) This will entail:

i.          Inspection of “Property” for compliance with all building and hotels & motels safety regulations in effect for short-term rentals.

ii.         Carry out initial inspection of “Property” to include; pool, lawns, plants and physical

Appearance of the “Property” furnishing  condition, house wares and general marketability of the “Property” as a short-term rental unit.

b)   Administer and maintain services on behalf of the “Owner”. c)   Make routine inspections of the “Property”.

d)   Manage and promote rentals and reservations of the “Property”. e)   Provide a detailed monthly statement of income and expenses.

f)   Check all registrations and licenses are in place and check all dates for validity. Provide estimates to the owner for obtaining

new or renewals if required.

g)   Replace/change all locks to the “Property” to ensure that only the “Manager” and “Owner” have access to the “Property” even if the “Property” is new.

h)   Arrange/setup the activation of utilities (if the “Property” is new) and set up direct  debits  as bill Payments. J)   Set up transfer mailing addresses for utilities if required.

It is the “Managers” obligation to ensure that the “Property” meets the standards required by law and the standards of the “Manager”. Failure to comply with the findings of this inspection will result in the termination of this agreement. The work required must be carried out within a reasonable time period to be agreed upon between the “Manager” and the “Owner”. The estimated costs for the initial setting up of a new “Property” for short-term  rentals are as stated in “Appendix D”.

k)  Inspect fire extinguishers and smoke alarms annually and arrange maintenance /service when

required. All costs for this work will be passed on to the “Owner” for authorization prior to commencement of work. l)  Carry out inventory  checks after guests have departed the “Property”. Guests will be responsible

for the replacement of any discrepancies with the inventory. This will be deducted from guests

Security deposit left at registration.

m)  Accept no responsibility for lost, missing or damaged items, other than to report such findings to the “Owner”. Similarly, the “Manager” cannot accept any responsibility for mistakes on “Owner” bookings, or when an “Owner” fails to give the “Manager” details of any bookings that they have made for own use of the “Property”.

n)   Upon “Owner” request provide a welcome grocery pack for guests on their arrival.

p)   Upon “Owner” request provide a meet and greet service at the airport to take clients to the

“Property”.

MANAGEMENT & MAINTENANCE FEES

The “Manager” shall charge the “Owner” a monthly/quarterly  recurring fee. The fee's are as follows: Check box(s) that apply.

            Management Services - $130.00

            Lawn Maintenance - $80.00

            Pool Maintenance - $85.00 OR Pool with Spa - $90.00

            Monthly Internal Pest Control - $35.00

            A/C Filter Change - $15.00 Single Unit OR $25.00 for      Double Units

            Consumables - $20.00

            Quarterly Lawn Pest Control and Fertilizer - $120.00

“Property” Cleaning and Laundry Fees

The “Property”  is cleaned and inspected before and after each rental period. Cleans are charged to the “Owner” on an `as needed  basis'. * Cleaning charges are based on the size of the “Property”  and are as follows:

            3 Bedrooms - $80.00

            4 Bedrooms - $100.00

            5 Bedrooms - $110.00

            6 Bedrooms - $120.00

            7 Bedrooms - $140.00

* Clean fee will be waived for “Managers” bookings that are less than 6 nights.

PLEASE NOTE: All companies contracted to perform such services are licensed and insured as required  by Florida law. The “Manager”  accepts no responsibility for any personal injury or “Property”  damage or any such claims which may result from the actions, negligence or lack of performance of any company contracted directly by the “Owner” to perform any of the following  services. The “Manager” will, however, monitor the performance of any such contractors as part of the general management duties.

Monthly Payments to “Owner”

The “Manager” will make every effort to rent the “Property” at the highest rate possible and endeavor to achieve the highest levels of occupancy. The “Manager” agrees to pay the “Owner” on a monthly basis no later than the 25th of the following month any balance on the “Owners” account that exceeds the agreed reserve (target) capital of $1,000.00. This balance will be deposited into the “Owners” US bank account.

Rentals

A commission fee of 15% will be taken from any booking which has arisen from the “Managers” sources or advertising paid for by the “Manager”. A Commission fee of 20% will be taken per booking,  which has arisen from the "Managers" sources or advertising paid for or by the "Manager", when earnings exceed                                                                           gross, per contracted  year. The “Manager”  will do due diligence in placing  as many bookings  in the house of

the “Owner”  as possible. All bookings provided by the “Owner” will be the “Owners” full responsibility, including payments of security deposits. Any costs arising from an “Owner” booking will be notified and deducted from escrow account.

THE “OWNERS” OBLIGATIONS

The “Owner” is responsible for all expenses associated with the” Property” including mortgage  repayments, homeowner's  association fees, insurance premiums, real estate taxes and general running cost. When “Owners” balance falls below the required reserved (target) capital of $1,000.00 then the “Owner” must pay the difference required within 15 days of receipt by the “Owner” of an invoice and statement stating the expenditures or is subject to a $50.00 late fee “Owner” acknowledges and agrees that the “Manager” is under no obligation to pay bills or provide services where such payment or provision of services would result in a deficit in “Owners” escrow account. Should such a situation arise the “Manager” has the right to cancel the CONTRACT forthwith.

a)   Agrees to pay all charges/fee's concerned with utilities installations (power, water/sewage,

telephone, cable and gas - if applicable) and any other relevant services and agrees to lodge any required deposits. b)   Agrees to pay all costs involved in obtaining relevant short-term rentals license and registrations.

c)   Agrees to a monthly management fee for general management  services for the duration of this agreement. Payments will be due by return. d)   The “Owner” holds the right to occupy the “Property” or place own bookings  as much and

whenever the “Owner” desires, subject to availability and when arrangements are made 60 days prior to booking.

Reserve (target)

The “Owner” agrees to maintain a reserve (target) of $1,000.00 held in escrow account and is to be used for the sole purpose of costs relating to general running and rental of the home.

Insurance

The “Owner” must maintain public liability insurance on the “Property”. The sum insured must be at least $1,000,000.00 and property damage insurance, including fire theft and flood to an amount not less than the

Value of the “Property”. The “Owner” shall provide the “Manager” with certificates of insurance. If the “Owner” fails to maintain such insurance, the

“Manager” is hereby authorized to secure or purchase such insurance and charge the amount thereof to the “Owner”.

Limited power of Attorney

“Owner” agrees to provide to the “Manager” a limited power of attorney to enable the “Manager” to act on behalf of the “Owner” in relation to the supply of service and utilities.

IRS Forms

Overseas “Owner” agrees to submit form W-7 directly to the U.S IRS to provide the “Manager” with their personal taxpayer ID number.  Overseas “Owners” Agree to complete  and sign W-8ECI form. The “Owner’s  ar e completely  Responsible for payment of personal income tax on the said

“Property”. All U.S citizens are required to provide their Social Security Number (SSN).