Management Agreement

Parties : CAMSUN VACATION ENTERPRISES (CVE) AND THE OWNER OF THE PROPERTY NAMED AS OWNERS IN THE AGREEMENT

Your account with CVE

A deposit of $ 1000.00 is required to establish your account with Camsun Vacation. This deposit ensures that we have adequate funds on hand to get all the utilities services connected and to maintain the property and pay for the fixed expense part of the program.

It will be the owner’s responsibility to keep this balance to $ 1000 at any given time.

Owners are responsible for paying monthly, all regular management expenses shown on the attached sheet. Plus cost of utilities(services), repairs, replacements, home owners association dues, real estate taxes, property hazard/content insurance and mortgage payments.

Authority of spending limit

CVE is authorized to execute repair, replacement, or similar work up to a total of $ 300 in value, without approval from the owner.

Exclusion to the $ 300 limit is when repairs are needed in an emergency basis and needs to be attended to immediately, so as to keep the property and its guest secure safe and habitable.

For repairs that require expenses that are above the $ 300 limit, CVE will submit the proposal to the owner for their approval, before obligating or executing the repairs.

Rental commissions:

You as the owner will be credited 75 % of the total net rental. These credits are the income figures for your property being net of all discounts and commissions to tour operators, travel companies, accommodations booking agents and Camsun Vacation Enterprises.

Management expenses

Fixed costs

• Management Fees: $ 115.00

(includes: general day to day management, upkeep of property, bill paying, financial accounts, sales tax reporting)

• Pool service : $ 85.00

• Lawn Care : $ 75.00

• Pest Control: $ 30.00

                                                            Your total fixed cost : $ 305.00

Variable costs:

Estimated start up costs:

Total start up costs: $ __________________

THIS AGREEMENT IS MADE THIS __________________ DAY OF _____________ 20________

The initial term of this agreement is for a period of twelve months, beginning _____________________________ AND ending _______________________

This agreement will automatically renew at the end of the first and each subsequent twelve months periods, unless written notice is given by one party to the other, thirty days prior to the end of the previous twelve – month agreement.

The agreement is between Camsun Vacation Enterprises ( CVE) as the management company AND ________________________________ , hereinafter referred to as OWNER.

Whereas, CVE  proposes to provide property and rental management services for the real property owned by the OWNER(name) ______________________

And OWNER ACCEPTS services  of the company for due consideration,  for the property located at

____________________________________________

Florida, hereinafter referred to as HOME.

SIGNED:

OWNERS :             X________________________________________

                        X______________________________________

FOR CVE:            X________________________________________

                        X_________________________________________

Date of execution: ______________________________________

SPECIAL POWER OF ATTORNEY

I _____________________________________________________________________

Do make, constitute, and appoint CAMSUN VACATIONS , THE MANAGEMENT COMPANY to be my true and lawful attorney for and in my name, place and stead I give and grant unto said attorney full power and authority to do and perform all and every act and thing whatsoever requisite and necessary to be done as fully, to all intents and purposes as I might or could do if personally present, with full power of substitution and revocation, herby ratifying and confirming that the said attorney or its substitute shall lawfully do or cause to be done by virtue hereof. Camsun vacations shall be limited to the performance of the regularly customarily acknowledge property management practices, including, but not limited to, inspection and entrance onto the property and engaging in transactions with utility companies.

________________________________                    ___________________________

SIGNATURE                                                              PRINTED NAME

DATE: ___________________________

____________________________________            ___________________________

WITNESS                                                                   PRINTED NAME

DATE: ______________________________

____________________________________            ___________________________

WITNESS                                                                   PRINTED NAME

DATE: ______________________________

HOME INFORMATION

PROPERTY INFORMATION

Address: _____________________________________________________________

Subdivision: __________________________________________________________

Property phone: _______________________________________________________

OWNER INFORMATION

Home address: ________________________________________________________

Home phone: ________________________            Home Fax: _______________________

Work phone: ________________________            Work Fax: _______________________

Private e-mail: _______________________  Work e-mail ______________________

Social Security number: __________________________________________

Tax Identification number: ________________________________________

Signature of OWNER/S

X____________________________________

X____________________________________

FORM W-9

U.S. Citizens are required to sign an I.R.S form W-9, Which relieves the management company from the responsibility of paying personal income tax, on behalf of the owner to the IRS.

___________________________________________            ______________________

Camsun Vacation representative                                                           Title

__________________________________________            ______________________

Owner signature                                                                       printed name

__________________________________________            ______________________

Owner signature                                                                       printed name

DATED THIS DAY OF ________________ OF ___________________20_________