Property Management and Leasing Agreement
address:
between BMI of Southwest Florida, Inc.
1323 B Cape Coral Parkway East
Cape Coral, Florida 33904, USA
hereinafter referred to as Company
and
hereinafter referred to as Owner
Services Rendered by the Company Price US $
1. Property Management Services and Costs
1.1 Weekly Inspection of House Interior
" Ensure all electrical appliances are in working order
" Ensure all lighting fixtures are in working order
" Ensure sanitation facilities are in working order
" Ensure alarm system is in working order (if installed)
" Ensure all windows and doors are in working order
" Visual check for pests
" Visual check for damage to structure
" Check to ensure sprinkler, air conditioning, pool
and other installed systems are in working order
1.2 Weekly Inspection of House Exterior
" Visual check for damage to structure
" Visual check of yard area
" Visual check of pool area
" Visual check of boat dock (if installed)
" VIsual check of boat (if present)
1.3 Repairs, Maintenance, Remediation of Deficiencies
" Changing of light bulbs
" Arrange for minor repairs and maintenance
up to $150 (without prior approval by Owner)
" Arrange for repairs and maintenance
over $ 150 (after receipt of estimate and Owner approval)
1.4 Other Services Rendered by the Company
" Weekly emptying of mailbox
" Sorting and processing of incoming mail and bills
" Ensure arrangement for payment of bills
" Maintenance of standard-sized property (yard) (NOT including pest control or pruning of trees and bushes, these services are to be rendered by the landscaping service on a separate account).
" Weekly pool maintenance
Monthly Costs 280.00
" Other ------------------------------------------------------------------------
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2. House Cleaning
2.1 Prior to arrival of Owner / tenant 40.00
(only after longer periods of non-tenancy)
2.2 Final cleaning 125.00
2.3 Other areas to be cleaned
windows on poolside, pool deck and screen
(high-pressure cleaning), windows, curtains,
carpeting, air-conditioning system according to job size
2.4 Pest control as required
(interior and exterior) according to job size
3. Services Provided within the Scope of Leasing Owner Property to Third Parties
3.1 The Company has the right to lease the Owner's premises without prior approval at a rental fee
of $90.00 per day plus tax. The Company shall keep a leasing occupancy schedule, advise the Owner of each occupancy and settle accounts with the Owner on termination of the rental period. The Company shall receive 10 % of the net rent. Services mentioned in section 3.2 are also included herein.
3.2 Should a leasing arrangement be effected by the Owner, the Company shall receive a flat fee of $50.00 for its services: i.e., collection of rent, deposit, and charge for final cleaning, transfer of premises to and from the tenant, as well as house instruction.
The Company shall accept all major credit cards and assigns all incurred bank charges in the
amount of 3.0 % to the Owner.
3.3 In addition to the rent, the Tenant is also responsible to pay for final cleaning of the premises.
3.4 The Company has the right to advertise the vacation properties listed by the Company and cooperate with travel agencies (travel offices and internet travel providers) in the U.S.A. and Europe. This right of cooperation is exclusively granted to the Company. The Company coordinates with and acts as a contact agency for the travel agencies. The Owner has the right to conduct his/her own advertising activities in order to market his/her house in any manner he/she may choose, provided, however, he/she does not underprice the Company through media accessible to the public. The current rent charge can be seen at www.BMI-Homes.com).
The Company and the Owner agree to the aforementioned services, fees and charges.
The Agreement commences on March 1, 2003 and expires 12 months after commencement, at the earliest. The Agreement renews implicitly for a period of 12 months if neither the Owner nor the Company cancels three months prior to expiry of the contract. In case of cancellation, all leasing arrangements for periods extending beyond the period of this Agreement, which have been approved by the Company and are binding, as well as all fees connected therewith, remain in force.
The Owner grants authority to the Company to act as householder during the Owner's absence. This includes: invoicing of tenant occupancies and transferring receipts to the Owner's account, instructing tenants in order to prevent damages to the Owner's property from occurring, if necessary, banning a tenant(s) from entering the premises or asking a tenant to leave the premises. By signing this contract, the Owner agrees to transfer a deposit in the amount of $ 1,000.00 to the Company to settle accounts of lesser amounts and current costs. After each monthly settlement of accounts, the Owner is obligated to furnish the Company-without delay- with compensatory funds; if necessary, additional funds to replenish the Company's expense account as the Company is not authorized to perform for the Owner in advance.
The area of jurisdiction and place of litigation is Cape Coral, Lee County, Florida. The statutes of the State of Florida, as well as the ordinances of Lee County and the City of Cape Coral apply.
Cape Coral, ____________________________
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Owner BMI of Southwest Florida, Inc.