MANAGEMENT OF SINGLE FAMILY HOUSE

This agreement dated _______________________, is made By and Between

________________________, whose address is ____________________________, referred to

as "Owner", AND _______________________, whose address is ____________________,

referred to as "Agent."

1. Agency. The Owner hereby employs the Agent to lease and manage the Owner's single

family residence (hereinafter referred to as "Property") located and described as follows:

(Address or Legal Description)

2. Duties of Agent. In order to properly manage and lease the property, the Agent shall

have the following duties and responsibilities:

A. Best Efforts. The Agent shall use its best efforts to attract and retain tenants for the

property.

B. Lease Negotiations. The Agent shall handle all negotiations with tenants with respect to

leases. All such agreements are subject to the approval of the Owner. However, the Owner may

provide the Agent with authorization to lease under certain specified terms and conditions.

C. Employees. The Agent shall employ, supervise, discharge, and pay all employees or

independent contractors who are reasonably required in the proper management and operation of

the property. The Agent shall pay all employees and independent contractors and fully complete all

necessary federal tax returns and payments of related taxes on behalf of the Owner.

D. Supplies. The Agent shall purchase all necessary supplies for the proper management

of the property. This includes heating fuel where applicable.

E. Repairs and Maintenance. The Agent shall contract for or undertake the making of all

necessary repairs and the performance of all other necessary work for the benefit of the

property including all required alterations to properly carry out this contract. However, no expenses

shall be incurred for such matters in excess of Fifty Dollars ($50.00) for any single item without the

express consent of the Owner, except where required during an emergency.

F. Mortgages and Other Expenses. From the rents received the Agent shall pay all

operating expenses and such other expenses as requested by the Owner. This may include the

payment of mortgages or taxes.

G. Miscellaneous. The Agent shall also perform all other necessary tasks and do all other

things as required for the proper management, upkeep and operation of the property as

customarily be performed by a Managing Agent of this type of property. This includes handling of all

inquiries and requests from the tenants.

H. Collection of Rents. The Agent shall collect the rents and other income from the property

promptly when such amounts come due taking all necessary steps to collect same and performing

all reasonable acts on behalf of the Owner for the protection of the Owner in collection of such

amounts.

I. Financial Records. All monies collected by the Agent shall be deposited into a special

bank account or accounts as required by the Owner. Such monies of the Owner shall not become

mingled with funds of the Agent. However, the Agent may withdraw monies from such accounts as

necessary to properly perform this contract and in payment of compensation as required by this

contract. The Agent shall provide the Owner with periodic statements accounting for all expenses

and will open its records to the Owner upon demand.

J. Payments to Owner. The Agent will make payments to the Owner from time to time from

the funds being held by the Agent.

3. Compensation of Agent. The Owner shall pay the Agent as full compensation for the

services of the Agent the sum of _________ Dollars ($________) per month. These amounts shall

be payable to the Agent when such funds become available from the amounts collected by the

Agent according to this contract.

4. Duties of the Owner. The Owner will provide all necessary documents and records and

fully cooperate with the Agent in all matters with respect to this contract. The Owner will provide the

Agent with evidence of insurance which evidence the Agent shall examine to determine the

adequacy of coverage. If necessary, additional insurance of changes in insurance coverage may

be made upon the approval of the Owner.

5. Indemnity. The Owner shall indemnify and hold the Agent completely harmless with

respect to liability and damages, costs and expenses in connection with any damage or injury

whatsoever to persons or property arising out of the use, management, operation, occupation,

ownership, maintenance or control of the property or out of any matter or thing with respect to which

it is elsewhere in this contract provided or agreed that the Agent shall not be under responsibility.

However, the Owner will not indemnify the Agent against the willful misconduct of the Agent.

6. Term of Contract. This contract shall continue for a period of one year from the date

hereof, and shall be automatically renewed from year to year unless terminated by either party

upon written notice sent to the other party not less than fifteen (15) days before any expiration date.

7. Termination of Contract. This contract may be terminated at any time by the Owner upon

giving the Agent thirty (30) days written notice in the event of a bona fide sale of the property, and

without notice in the event the Agent fails to discharge the duties of the Agent faithfully in the

manner herein provided.

8. Notices. All written notices to the Owner or to the Agent may be addressed and mailed,

by United States registered mail, to the address above written.

9. Modification. This contract may not be modified, altered, or amended in any manner

except by an agreement in writing executed by the parties hereto.

10. Who is Bound. This contract is binding upon the parties hereto, their representatives,

successors and assigns.

11. Signatures. Both the Owner and the Agent agree to this contract.

Witnessed By:

_______________________________ _____________________________

"OWNER"

_______________________________ ______________________________

"AGENT"