Exclusive property management & rental agreement

Short Term Transient Rental

Company: THE BEST VACATION HOMES LLC (“TBVH”)
Address: 13574 Village Park Dr, Suite 115K, Orlando, Florida, 32837
Web Address: www.thebestvacationhomes.com
Telephone: 407.961-6700 / Fax: 407.961 6701
E-mail: manager@tbvhomes.com

Owner (s):

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IN CONSIDERATION of the mutual covenants and promises set forth herein, Owner hereby contracts with TBVH as its sole and exclusive agent to offer the property for lodging, and TBVH hereby contracts with Owner, to lease and manage the property described below (the “Property”) on a short term transient (Daily/Weekly/Monthly) in accordance with all applicable laws and regulations upon the terms and conditions contained herein.

TBVH and Owner agree to offer the Property for rent to the general public as a transient accommodation (short-term rental) in accordance with Chapter 509, Florida Statutes, and other applicable laws governing public lodging establishments. Owner and TBVH agree to work together to establish an optimum rental rate for various time frames; provided. Owner agrees to use TBVH’s standard The Best Vacation Homes Rental Agreement and to abide by all terms contained therein. Owner also agrees that such agreement may be modified by TBVH from time to time as circumstances dictate.

1. About the Rental Property

Property Address:

Community:

Type:

All Owners listed above certify that they are the registered Owner or Owners on the Deed of the Rental Property listed above, and that they carry insurance on the Rental Property and during the term of this Agreement will comply with the Liability Insurance clause in Section 17.

2. Definitions:

a) "Guest" means any person or persons who rent the Unit.
b) "Gross Rental Income" refers to money received by TBVH for the rental of the Unit, sales taxes and Unit cleaning fees.
c) "Owner" means the owner of the Unit(s) referenced above.
d) "Owner Referral" means any revenue generating referral by Owner to TBVH for use of the Unit.
e) "Unit" refers to the above designated rental property owned by the Owner.
f) "Friends of Owner" refers to any friends or family members allowed by Owner to use the Unit in accordance with Section 8.
g) "Net Rental Income" refers to the net nightly rental amount charged to the guest without the addition of taxes, fees, cleaning and security deposit.
h) “Execution Date” refers to the date of the Agreement when both parties have signed.

3. Duration of Agreement:

This Agreement shall be binding upon the signature of both parties. It shall become effective upon the Execution Date and shall be for an initial term of twelve months and shall automatically renew for the same term unless a minimum of sixty days prior to the current renewal term either party gives written notice to the other that they will be terminating the agreement at the end of the current term.

4. Rental Management Services: TBVH shall provide the following:

(a) Services. TBVH shall provide property management services normally rendered in the care and management of the above Unit. In addition, TBVH will develop a listing for Internet use and promote your Unit vacation rental internet portals or sites chosen by TBVH, and include photos, unit description, recommended rates, updating the sites and running specials. Inquires will be accepted and responded to on a twenty-four (24) hour basis seven (7) days a week.

While each Unit will have its own individual Internet advertisement, TBVH will group all rental properties by location, similarity and number of bedrooms, and use this grouping to encourage renters requesting booked properties to book a similar Unit under our management. Owners proceeds will vary based upon Owners and Guests use, quality of décor and amenities of property, location and view.

(b) Rental Rates. TBVH will work with the Owner to set all rental rates and terms. However, TBVH reserves the right to reject applications with rates not acceptable to TBVH. Due to competitive market conditions, tourist fluctuations and demand TBVH reserves the right to alter rates and terms and make special rates and terms at its discretion in order to maximize the Owner’s rental income and occupancy percentage.

(c) Statements. TBVH shall render to the Owner within 30 days after the end of each calendar month during the term of this Agreement, a statement of income collected, and expenditures made during the preceding calendar month. The statement will set forth the nights of occupancy, and a disbursement will be made to the Owner based on the statement balance.

(d) Maintenance Services. TBVH will provide services to assist the Owner in the cleaning, maintenance and repair of the Unit. Charges for these services will be deducted from the rental proceeds or paid by Owner in timely manner, except for cleaning which is paid by Guest. TBVH will perform periodic inspections of the property and to report of such inspections to Owner with recommendations for improvements and/or repairs. For this section, the term “timely manner” is within 30 days.

(e) Bills. Owner agrees that any vendor bills not paid in a timely manner may be offset against the Owner’s rental proceeds, and holds TBVH harmless for non-payment of all Owner-incurred charges and invoices. TBVH has the right to hire employees and subcontractors necessary for the maintenance, preservation and protection of the Property. TBVH shall not be required to arrange for bonding of employees or subcontractors who provide such services. However, TBVH agrees that all employees of TBVH who will be handling cash on behalf of TBVH or Owner shall be covered under a surety bond. Owner shall reimburse TBVH for all payments made on behalf of Owner pursuant to this Agreement. Further, Owner holds TBVH harmless for non-payment of all Owner-related charges and invoices due to the fault of Owner and Owner is responsible for payment of any lost bookings as a result of suspended rental management services or suspended utility services, as well as late payment fees, reconnection fees or other related charges.

(f) Rules and Regulations. Owner agrees that TBVH has the right to evict Guests, family or invitees who refuse or fail to adhere to the rules and regulations of the Resort or subdivision where the Unit is located, or those who are in breach of their rental agreement.

(g) Taxes. Owner is responsible for all local, state or federal sales taxes on Unit rental income, but TBVH will remit these on behalf of Owner, as long as there are funds in Owner’s account. Owner shall be solely responsible for payment of all real estate, personal property, and other property taxes. Owner shall be responsible for all Florida sales and use tax liability associated with the use and rental of the Property as a transient accommodation. Sales and use tax due on rental proceeds which are collected by TBVH from guests will be paid to the appropriate Governmental entities by TBVH. Owner acknowledges that by renting, leasing, letting or offering a license to others to use the Property as a transient accommodation, as defined in the Florida Administrative Code, Owner is exercising a taxable privilege under Chapter 212, Florida Statutes and as such, Owner is ultimately liable for any sales tax due the State of Florida on such rental, leases, lets or licenses to use. All homes in the “Short Term Rental Program” are subject to taxes which vary by county, totaling anywhere between 7% and 13%. The Counties can elect to change these rates without notice at anytime at their discretion. TBVH as Owner’s management agent will, upon receipt of the duly signed Power of Attorney, prepare and file said returns on Owner’s behalf.

5. Owner Obligations: Owner agrees to the following:

(a) Maintenance & Repair. Owner agrees to supply and maintain all furnishings and contents in good order and repair to maximize rental rate and occupancy. TBVH shall advise Owner of any non-emergency special cleaning, major repair or replacement of items required to maintain the Unit in good order and repair. It is responsibility of the Owner (s) to keep and pay for the Pest Control Services and Pool maintenance/ cleaning. Owner (s) must have pest control services and weekly pool maintenance kept current to avoid any interruption of rental and or suspension of contract. Owner authorizes TBVH to make, at Owner’s expense and without prior approval, any emergency repair involving danger to life or property or the safety of persons occupying the Unit. Additionally, TBVH shall notify the Owner in the event the Unit is not kept up to acceptable standards, based on comparable Units in the area. If the cost to repair or replace any item(s) at any one time exceeds U$500.00 (Five Hundred U.S Dollars), TBVH will notify Owner explaining the action to be taken and costs. In the event Owner does not agree to the recommended improvements, TBVH at its discretion may suspend rental of the Unit. Upon correction of the deficiencies, at Owner’s expense, the Unit will be reinstated into the rental program of TBVH. Owner must notify TBVH about any warranties, contact information for the insurance company and contact information for the pool maintenance, pest control and Community Association.

(b) Sale of the Unit. If Owner intends to sell or otherwise transfer ownership of the Unit, it will be considered a termination of the contract and Owner must notify TBVH in writing or electronic email of Owner’s intention not less than 30 days prior to the Unit being listed for sale or transferred without being listed. Owner must also notify TBVH of the closing date of the sale, after such date TBVH will not be responsible for the management of the property or any fee or bill regarding it. Owner agrees that TBVH has the right to: (i) require all sales agents or other persons wishing to inspect the Unit to coordinate access to the Unit through TBVH’s rental department, and (ii) prohibit the showing or inspection of the Unit when the unit is rented or occupied.

(c) Termination of the contract shall not negate any rental reservation obligations in place, and Owner must honor all such reservations, and pay TBVH the management fee & commission regarding the reservation. TBVH may, at Owner’s request and with Guest’s authorization, attempt to transfer pending reservations to another comparably priced property. All reallocations have a US$150 fee per reservation. And if the Guest must be moved to a higher priced property, Owner shall be responsible to TBVH for the difference in rental rate and any other costs related to it.

(d) Unit Rental. Owner will use its best efforts to keep the Unit in rentable condition, and to correct any problems as quickly as possible in order to maximize rental income. In the event Owner repairs cause unacceptable disruption’s, TBVH, in its discretion, shall have the right to grant Guests an appropriate discount or transfer a Guest to another Unit. Owner is responsible for any modifications to the Unit required by law or health and safety regulations and directives.

(e) Linen Service. Owner agrees to provide and maintain two sets of good quality sheets and towels in the Unit per room/bath. The Owner may from time to time be requested to replace the linens, and may be charged for new linens if TBVH is required to do it and agrees to supply all items necessary and usual to occupancy of the Property prior to the commencement of any tenancy, including but not limited the following: general household items including but not limited to furniture, comforters, pillows, mattress pads, blankets, pots & pans, dishes, silverware, microwave, coffeemaker, telephone and cable television (sample list of items needed will be provided as necessary).

(f) Owner Use. For the smooth and efficient operation of the rental program all reservations, including Owner, Owner Referrals and Friends of Owner, must be made through TBVH so that they may be coordinated with other confirmed reservations. Owner, Owner Referrals and Friends of Owner shall schedule personal use of the Unit with TBVH in accordance with terms of this Agreement and must register with TBVH upon arrival to the Unit. Generally, TBVH will not notify Owner of reservations secured by or through TBVH, except by specific request of the Owner. Owner agrees that Owner, Owner Referrals and Friends of Owner will not occupy, use or enter the Unit during periods of time when the Unit has been rented.

(g) Use of Image. The Owner grants permission to TBVH to use and reproduce in a commercial way (marketing & promotion) all image and/or video made of the property by TBVH and representatives with no further cost to TBVH. The permission is irrevocable and it is valid through the duration of this agreement. However, TBVH owns the copyright of such content.


(h) Marketing & Promotion. Owner allows TBVH the free use of the Unit for seven (7) days of each calendar year for marketing and promotional purposes, including any beneficent event that TBVH believes that will help increase revenue. Such days shall be scheduled in a manner that does not interfere with any revenue-generating bookings. TBVH will not charge the commission regarding this period and Owner is responsible for the cleaning fee of this promotional period.

(i) First Time Inspection. It is the owner’s responsibility to conduct a thorough inspection of the property prior to the first time being rented and from time to time thereafter as owner feels necessary or upon written request by TBVH. Initial inspection by Owner shall include but not limited to inspecting the electrical, plumbing, sanitary, heating and ventilating facilities, smoke detectors, appliances, utilities, kitchen supplies, and other furnishings, equipment and systems.

6. Payments Made By Owner:

(a) Initiation Process Fee. Owner agrees to pay a one-time Fee of U$1,000.00 (one thousand U.S. dollars) to TBVH upon signing the Agreement for Initiation Process. TBVH will be responsible for (I) having professional pictures & video taken of the property, (ii) elaborate a 3D floor plan of the property, (iii) create the initial inventory, (iv) the regularization of all necessary licenses, (v) assistance for decor & adaptation of the house to the international hospitality standards; (vi) management of all utility bills and the setup of such bills for auto-pay, (vii) advertising of the property in all our partners websites, (viii) 1 technical inspection and (ix) Smart Label System Installation.

(b) Initiation security deposit. Owner agrees to pay a one-time Fee of Two (2) times the monthly management fee to TBVH in advance. This fee will be held by TBVH as a security deposit and will be used in case of noncompliance of any open balance invoice or as payment for the last two (2) monthly management fees of the contract. It is a non-refundable fee and it cannot be used as payment of a cancelation fee or any other fee regarding a breach of contract. For the purpose of this section only, if TBVH finds it necessary to use a portion of the security deposit for non-compliance, the Owner will receive a statement with the updated balance.


(c) Property Management & Rental Fee. TBVH shall retain XX% commission of the Gross Rental Income for rentals generated by or through TBVH. TBVH shall retain XX% commission of the Gross Rental Income for rentals generated through Owner’s referrals. Owner also agrees to pay for monthly fixed management fee of U$ XX (XX U.S. Dollars), including property maintenance and periodically inspection of the unit. TBVH also will deduct the booking commission fee regarding the Internet Portal used as well as a 3.5% deduction for the credit card administrative fee. For example: if a guest books a reservation through Booking.com, TBVH will pay a 15% commission, as well as a deduction of 3.5% for the credit card administrative fee.


(d) Electronic Lockbox and Master Lock fee. Owner agrees to pay a Fee of U$350.00 for Electronic Lockbox installation and a Fee of U$95.00 for the Master Lock installation upon signing the Agreement. These fees are required so in case of an emergency there will be a key of the house inside de Master Lock; also each guest will be given a code to enter the premises. On the rotation of guests the code will be changed. By the time of signing the agreement, if the house already has any of these locks above, the fee will be waived.


(e) Cleaning Fee. Guests shall pay to TBVH a Unit cleaning fee for each rental period. This charge also applies when Owner or Friends of Owner use the Unit.


(f) Hospitality Items. TBVH is responsible to provide to each reservation the houses supplies of hospitality items & cleaning products such as, but not limited to: 1 mini soap bar per bathroom, 1 toilet paper, garbage bags, kitchen detergent and kitchen sponge, dishwasher pod, laundry detergent sample box, sanitized strip for toilets. If Owner prefer to offer extra items to guest, Owner authorize TBVH to purchase what is necessary and charge Owner on his/her monthly invoice. (Initial sample list will be provided.)

(g) Credit Cards. TBVH may allow for payments of rent or damage deposits to be made by credit card. Bank charges related to the use of credit cards for payment of rent or deposits shall be deducted from the Owner’s payout as an additional cost.

(H) Additional Payment to Cover Amounts Due. If Owner’s net monthly receipts are insufficient to cover amounts due TBVH, Owner shall pay to TBVH funds to cover this equal to negative amount. TBVH shall invoice Owner for these amounts and Owner agrees to pay TBVH within seven (7) days of receipt of such invoice. Any amounts payable by Owner which are not paid when due shall accrue interest at the rate of one and one – half percent (1 ½%) per month (or the highest permissible rate under applicable law) until paid in full by Owner.

(I) Schedule A. Owner shall pay to TBVH charges accrued in accordance with Schedule A based upon elections made by owner and these would be deducted from monthly rental income to Owner.  

7. Additional Service:

Owner may request TBVH to open new accounts with companies such as utility bills, phone bills or any other bill related to this Unit. These bills will be set up on a monthly automatic payment directly on the owner’s account. Please be advice that if Owner chooses to do this service the Owner must establish and maintain a balance draw down reserve for utility, phone and minor maintenance expenses. 

8. Owner’s Use and Rental of the Unit:

Owner and TBVH agree that Owner and Friends of Owner shall have the right to occupy the Unit subject to the terms and conditions of this Agreement and Owner will not occupy or permit the use of the Unit at any time without reserving such periods of occupancy through TBVH. If Owner or Friend of Owner wishes to use the Unit, Owner or Friend of Owner shall be permitted to use the Unit without either the payment of any rental income to Owner, or the payment of any fees or commissions to TBVH, provided, however, Owner’s account will be charged the appropriate cleaning fee. Owner and Friends of Owner agree to observe the standard check-in and check-out times. However, if Owner generates revenue from allowing the use of the Unit to Friends of Owner or any other third party, Owner shall pay to TBVH all fees, commissions, and costs in accordance with this Agreement.

9. Pets:

Guests shall not be allowed to bring pets onto the Property. If pets are allowed, Owner authorizes TBVH to charge a non-refundable pet fee of up to $250.00 (Two Hundred and Fifity U.S.Dollars) per pet to be retained by Agent for the extra work involved in the processing the paper work, extra cleaning and other related services in conjunction with the pet(s). 

10. Entire Agreement / Modification:

This Agreement contains the entire agreement of the parties and super cedes all prior written and oral proposals, understandings, agreements and representations, all of which are merged herein. No amendment or modification to this Agreement shall be effective unless it is in writing and executed by all parties here to.

11. Termination / Breach:

(a) A breach is an absolute duty to perform and that duty has not been performed or has been performed inadequately or improperly. The non-breaching party must show that they are willing and able to perform, but for the breaching party’s failure to perform. A minor breach is when the non-breaching party receives a substantial part of the bargain despite the breaching party’s defective performance. A material breach is when the non-breaching party does not receive the benefit of bargain.

(b) If any Party commits a Material Breach of its obligations under this Agreement, any other party may terminate this Agreement by giving the breaching party thirty (30) days written notice, except that any such notice will not result in termination if the breaching party cures that breach before the thirty-day period (30) elapses, unless otherwise provided for in this Agreement.

(c) Either party may terminate this Agreement without cause. This Termination must be in writing through mail or electronic email. Upon termination, Owner agrees to promptly reimburse TBVH for all outstanding charges for maintenance and repairs, including but not limited to any monthly maintenance fees due under a separate maintenance agreement. Additionally, in the event this Agreement is terminated, the Owner shall assume the obligation of any contract entered into by TBVH on the Owner's behalf, including, but not limited to, tenant rental bookings and vendor contracts. Owner further agrees to pay TBVH its share of future rental revenue generated from all rental reservations existing on the effective date of termination. TBVH may also terminate this Agreement immediately for cause upon the occurrence of the following events:

(i) Owner's bankruptcy or insolvency or the appointment of a receiver for Owner;
(ii) The institution of eminent domain condemnation proceedings by a governmental authority;
(iii) Owner's failure to pay any amounts due TBVH;
(iv) Foreclosure proceedings are instituted against Owner and/or the Property;
(v) Owner's transfer of ownership to the Property to a third party;
(vi) Owner's failure to pay insurance or taxes or failure to provide TBVH with proof of payment of insurance or taxes;
(vii) Owner's death or a disability, which renders the owner incapable of complying with the terms of this Agreement.

(d) Owner May terminate this Agreement for cause upon the following events:

(i)TBVH’s bankruptcy or insolvency; and
(ii) A material breach of this Agreement on behalf of TBVH.

12. Liquidated Damages:

(a) If Owner terminates this Agreement prior to the agreed upon duration for reasons not considered to be for cause as defined in Section 11(c), Owner will pay TBVH within 30 days the sum of $500.00 for cancelling the contract, any outstanding invoices will be taken out of the security deposit, and all the remaining monthly management fees will be due. If after paying any outstanding invoices or if all invoices are current, the balance of the security deposit will not be applied to the remaining monthly management fees, and will be forfeited.

(i) If Owner elects to sell the property, even after giving proper notice, this will be considered to be a cancellation without cause, and Owner will be liable for any fees that TBVH incurs in regards to any reservations that may be affected by the sale of the property.

(b) If TBVH terminates this Agreement prior to the agreed upon duration of this Agreement prior to the agreed upon duration for reasons nor considered to be for cause as defined in Section 11(d), Owner will be entitled to the refund of their security deposit (after any outstanding invoices are paid).

13. Arbitration Agreement:

Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgment upon the award by the Arbitrator(s) may be entered in any court having jurisdiction thereof.

14. Attorneys’ Fees:

In any action between Owner and a tenant in which TBVH is made a party because of acting as an escrow agent under this Agreement, or if TBVH interpleads escrowed funds, TBVH will recover reasonable attorneys’ fees and costs, to be paid out of the escrowed funds and charged and awarded as court costs in favor of the prevailing party.

15. Hold Harmless and Indemnification:

Owner shall hold harmless and indemnify TBVH, its parent and subsidiary companies, affiliates, employees, independent contractors, representatives, shareholders, insurers, successors and assigns, from all claims, law suits, damages, costs, losses, fees, penalties, taxes, fines, and expenses of any kind arising from or relating to:

(i) Owner’s failure or refusal for any reason to deliver possession of the Unit;
(ii) Any claim or loss relating to any Guest’s failure to perform under this Agreement or failure to pay any funds due Owner;
(iii) Dishonored checks or credit card payments from any source;
(iv) Any injury to any person or property occurring on or about the Unit, and
(v) Any violation of any federal, state, or municipal law, regulation or ordinance by any Guest or Owner.

16. Limited Power of Attorney:

Owner does hereby irrevocably name, constitute and appoint TBVH, its legal representatives, successors and assigns as Owner’s attorney-in-fact for the term of this Agreement for the limited purposes of:

(i) Providing Guests with full access to all common areas associated with the Unit;
(ii) Causing in-Unit building maintenance activities to be undertaken promptly;
(iii) Issuing and signing confirmed reservations for the Unit; and
(iv) Taking any action that may be lawfully permitted and required to evict any Guest.

This power of attorney is specifically limited to the above, and is valid only when circumstances prevent Owner or Owner’s representative from representing Owner’s interest in a timely manner. 

17. Liability Insurance:

It is understood that the Owner shall, at Owner’s expense, carry liability insurance for the Unit and Owner’s personal property therein, in the minimum amount of $300,000. Owner shall provide evidence of this coverage by providing TBVH with a certificate of insurance acknowledging same.  

18. Disclaimer:

Owner acknowledges that TBVH is not liable for any damage to, or repair of the real or personal property of Owner occasioned by an Act of God. 

19. Miscellaneous:

(a) This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. Any litigation arising out of this Agreement shall be brought in a court of competent jurisdiction located in the county where the Property is located.

(b) The Captions, headings and titles to Paragraphs of this Agreement are for convenience of reference only, and shall in no way restrict or affect, or be in any way an interpretation of the provisions of any such Paragraph of this Agreement.

(c) Severability and Interpretation. If any clause or provision of this Agreement shall be deemed illegal, invalid or unenforceable under present or future laws effective while this Agreement is in effect, then in that event, the remainder of this Agreement shall not be affected by such illegality, invalidity or unenforceability.

(d) Owner shall store private property in the Unit at Owner’s own risk. TBVH assumes no liability for the loss or damage thereof or rents collected resulting from theft, dishonored or uncollected checks or credit card payments, bank failure or other causes or events beyond its control.

(e) Outside maintenance services provided by TBVH on behalf of the Owners will in most cases be deducted from the rent proceeds to the Owner.

(f) TBVH shall not be required to initiate legal actions or retain an attorney for the purpose of collection of rents, damages, eviction of Guests or other persons unless directed by Owner, who shall be responsible for all collection, legal fees and court costs.

(g) This is the entire Agreement between the parties and there are no oral or written amendments or modifications. All changes must be in writing and signed by the parties. This Agreement shall be governed and construed under the laws of the State of Florida.

(h) Owner and TBVH agree and acknowledge that no warranties regarding any guarantee of rental income amounts, Unit occupancy or tax benefits have been made by either party.

(i) Owner agrees to permit placement within the Unit of any advertising material by TBVH.

(j) Owner agrees that all Guest information shall be the sole property of TBVH and all reservations/bookings in Owners Unit(s) are the sole and exclusive property of TBVH. (k) Any notice required pursuant to this Agreement, shall be deemed effective three (3) days after being mailed by U.S. Mail, to TBVH at the address below and to the Owner at its address on the signature page of this Agreement.

(k) Any notice required pursuant to this Agreement, shall be deemed effective three (3) days after being mailed by U.S. Mail, to TBVH at the address below and to the Owner at its address on the first page of this Agreement.

The Best Vacation Homes : 13574 Village Park Dr, Suite 115K - Orlando/ FL 32837
Fax: 407.961 6701 - Email: info@tbvhomes.com

THE AGENT AND OWNER SHALL CONDUCT ALL BROKERAGE ACTIVITIES IN REGARD TO THIS AGREEMENT WITHOUT RESPECT TO THE RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, HANDICAP OR FAMILIAL STATUS OF ANY PARTY OR PROSPECTIVE PARTY TO THE AGREEMENT

This is a binding legal contract and Company advises Owner to consult a legal, tax, or other qualified professional prior to signing below:

IN WITNESS WHEREOF the parties hereto have affixed or caused to be fixed their respective signatures this _ _ _ __ _ __ _ _ _ __  __

Accepted by:

SIGNATURE:

Accepted by:

SIGNATURE:

Accepted by The Best Vacation Homes:

By: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Date: _ _ _ _ _ _ _ _ _ _ _

Please forward a signed original copy of this Agreement and check to:

The Best Vacation Homes LLC
13574 Village Park Dr, Suite 115K - Orlando/ FL 32837

Attachments: (To and Made Part of the Agreement):

· Schedule A: Election of Management Fees
· Schedule B: Florida Sales Tax Collection Agreement
· Schedule C: Electronic Transfer Authorization Form

SCHEDULE A

Election of Management

Owner agrees to pay The Best Vacation Homes

Management Fees:

• XX% of Gross Rental Revenue, per unit.
Owner’s Initials (           )
• XX% of Gross Rental from Owner Referral
Owner’s Initials (           )
• Monthly Management Fee of U$XX
Owner’s Initials (           )
• Initiation fee of $XX
Owner’s Initials (           )
• Security Deposit = US$ XX
Owner’s Initials (           )

SCHEDULE B

FLORIDA SALES TAX COLLECTION AGREEMENT

We, _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ and _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _, hereby authorize TBVH to act as my agent to rent, lease, let or grant a license to others to use my described property located at _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _/ FL and to charge, collect and remit sales tax levied under Chapter 212, Florida Statutes (F.S.), to the Florida Department of Revenue.

Owner
Date
Owner
Date
The Best Vacation Homes
Date

SCHEDULE C

ELECTRONIC TRANSFER AUTHORIZATION FORM

I hereby authorize The Best Vacation Homes LLC to initiate credit entries for deposits of net rental proceeds to my account indicated below and the financial institution names below to credit the same to such account.

Please attach a voided check or copy of a voided check to verify bank account information.