Date:_________________ PM#______________

1. BETWEEN RESIDENT(S) _________________________________________________________________________________________________________

AND SUBURBAM REALTY (Representing the Owner ), 4803 Spenard Rd Anchorage, AK 99517 on Apartment No. ________ at________________________________________________________ in _____________________________, Alaska for use as a private residence only.

2. LEASE TERM. The initial term of the lease shall commence on the ____________ day of __________________________________, 20_______

and shall end on the _____________ day of ____________________________, 20__________. This contract will be AUTOMATICALLY renewed on a month to month basis unless written notice of termination is given by either party at least 30 days before the end of the above lease term or unless another rental contract is signed by both parties. If commencement of occupancy of the premises is delayed because of construction or prior resident's holding over the contract shall remain in force subject to the following conditions: 1) rentals shall be abated on a daily basis during delay and 2) resident may terminate by giving ten day notice to owner no later than the third day of delay, whereupon resident shall be entitled only to refund of deposit(s). Such conditions shall not apply to cleaning and repair delays.

3. NOTICE. At least 30 days written notice of intent to vacate must be given to owner's representative prior to move-out at the end of the above lease term and any extension period. In the event of automatic renewal or extension of the rental contract, rent shall be paid through the last day of the month following the expiration of the 30 day notice period, unless owner agrees otherwise in writing.

4. SECURITY DEPOSIT. Resident agrees that the security deposit shall be the total sum of $___________________ payable on or before the signing of this contract. Refunds shall be made in accordance with the attached SECURITY DEPOSIT AGREEMENT which is a part of this contract. The 30-day written notice provision in the contract will be strictly enforced. If resident moves out prior to the ending date of the lease term, renewal period, or extension period, resident shall be subject to paragraphs 16 and 17 hereof.

5. RENT. Resident will pay $__________________ per calendar month for rental, payable in advance and without demand at 4803 Spenard Rd. , Anchorage, Alaska 99517) on or before the 1st day of the month without a grace period. Rent paid after the 1st day of each month shall be deemed as late; and if rent is not paid by the 5th day of the month, resident agrees to pay a late charge of $50.00. Resident agrees to pay a $25.00 charge for each returned check. The prorated rental from the date of move-in to the 1st day of the following month is $______________. The above rental figure is for a _____Furnished ______ Unfurnished apartment(check one). Resident's right to possession is expressly contingent on the prompt payment of rent, and the use of the premises by resident is obtained only by the condition that rent is paid on time. Owner may require that all rent and other sums be paid in one monthly check rather than multiple checks.

6. UTILITIES. Owner will furnish the following utilities only:___Heat, water, sewer & refuse_________________________________________ .

Resident shall pay for all other utilities. All utilities shall be for ordinary household purposes only. Electricity is at ____ Chugach or _____ MLP.

7. APARTMENT WILL BE OCCUPIED ONLY BY : (list all adults and minors) ________ Adults and _______ Children. ____________________________

___________________________________________________________________________________________________________________________

8. NO PETS OR SUBLETTING. Residents will not permit a pet, even temporarily, anywhere in the apartment or apartment complex unless permission is granted in writing by owner's representative.. The presence of a pet will subject resident to penalties, damages, deductions and termination provisions set forth in the SECURITY DEPOSIT AGREEMENT. Subletting, assignment or securing a replacement will be allowed only upon written approval and permission of the owner as provided in the Uniform Landlord and Tenant Act 34.03.060 and is subject to actual newspaper ad costs PLUS an administrative fee of $50.00.

9. CONDITION OF THE PREMISES ON MOVE-IN AND MOVE-OUT. When moving out, resident agrees to surrender apartment in the same condition as when received, reasonable wear excepted. Resident has examined and accepted the apartment, fixtures and/or furniture as is. Resident shall have the right to report defects or damage to owner's representative within 24 hours after resident is given possession of the apartment and is given a MOVE-IN INVENTORY AND CONDITION form (for purposes of deposit refund). Resident accepts the premises subject to and subordinate to any existing or future recorded mortgage, deed of trust, or other lien applicable to the premises or its contents. Resident shall use reasonable diligence in care of the apartment. Resident may not make any alterations of owner's property or fixtures without written consent of owner's representative; no holes shall be put in any walls, ceilings, woodwork, or floors; and no water beds, antenna installations, additional phone or TV cable outlets, lock changes or additional locks shall be permitted except with the owner's written permission. Resident will not remove owner's fixtures, furniture, and/or furnishings from the apartment for any purpose. When resident moves in, owner shall furnish light bulbs of prescribed wattage for apartment sockets; thereafter, light bulbs will be replaced at resident's expense.

10. RULES AND REGULATIONS. Resident, his family, and guests will comply with all written rules and regulations furnished to the resident and posted in the laundary area. Owner may make reasonable rule changes, if in writing and distributed to all residents. Resident agrees that the conduct of himself, his family, and guests shall never be disorderly, boisterous, or unlawful; and shall not disturb the rights, comforts, or conveniences of other persons in the apartment complex. sidewalks, steps, entrances, halls, walkways, and stairways, shall not be obstructed or used for any purpose other than ingress or egress. Residents shall maintain and clean decks and other areas which are reserved for resident's private use. Garbage shall be disposed of only in appropriate receptacles. Swimming pools, storerooms, laundry rooms, and all other facilities are to be used wholly at the risk of the person using them. Owner reserves the right to control the method, manner, and time of parking spaces and to control and limit the entry upon the premises by agents, furniture movers, deliver men, solicitors, and/or salesmen who seek to enter upon the apartment complex. Tenant acknowledges receipt of attached rules. _____________(initial).

11. RESIDENT AGREES TO REIMBURSE OWNER PROMPTLY for any loss, property damage, or cost of repair or service (including plumbing troubles) caused by negligence or improper use by resident, his agent, family or guests. Resident shall be responsible for damage from windows or doors left open. Such reimbursement is due when owner's representative makes demand. Owner's failure or delay in demanding damage reimbursement, late charges, returned check charges, pet penalties, or other sums due by resident shall not be deemed a waiver; and owner may demand same at any time, including move-out.

12. OWNER WILL NOT BE LIABLE for any damage or loss to person or property caused by other residents or other persons. Owner shall not be liable for personal injury or damage or loss of resident's personal property, furniture, jewelry, clothing, etc., from theft, vandalism, fire, water, rain, hail, snow, smoke, explosions, sonic booms, acts of God, or other causes whatsoever, unless the same is due to the negligence of owner or owner's representative. Owner strongly recommends that resident secure his own insurance to protect himself against all the above occurrences. If any of owner's employees are requested to render any service such as moving automobiles, handling furniture, cleaning, delivering packages, or any other service not contemplated in this contract, such employee shall be deemed the agent of the resident regardless of whether payment is arranged for such service; and resident agrees to hold owners, agent and agent's employees harmless from all liability in connection with such services.

13. DISPOSITION OF ABANDOND POPERTY: It is mutually agreed that any personal property left in the apartment or on the premises by the Tenant after the tenancy has terminaled, either by Notice from the Tenant or by abandoment, shall be deemed of no value and worthless. Furthermore,Tenant hereby authorizes any such personal property left in or on the premises to be disposed of by hauling said personal property to the Municipal Landfill at Tenants expense. ___________ (initial).

14. REPAIRS AND MALFUNCTIONS. Resident agrees to request all repairs and services in writing to owner's designated representative, except in extreme emergency when telephone calls will be accepted. In case of malfunctions of equipment or utilities, or damage by fire, water, or other causes, resident shall notify owner's representative immediately and owner shall act with due diligence in making repairs; and rent shall not abate during such periods. If the damaged premises are unfit for occupancy and if owner decides not to repair the building, owner may terminate this contract by giving written notice to resident. If it is so terminated, rent will be prorated and the balance refunded along with the deposit(s), less lawful deductions.

15. WHEN OWNER MAY ENTER. If resident, his guests, or family is present, then owner's representative or servicemen may enter the apartment during reasonable times for any reasonable business purpose. If such persons are not present, owner's representative or servicemen may enter at reasonable times for the following purposes (so long as written notice thereof is left in the apartment after entry); requested repairs, extermination, preventative maintenance, failure to return tools or appliances within the prescribed time, energy safety or fire inspections, exercising contractual landlord's lien when resident is in default, showing apartment to building inspectors, fire marshals, mortgage lenders, prospective purchasers, or insurance agents, or to prospective residents (after lease termination notice has been given), semiannual apartment condition inspections will be made between the hours of 9:a.m. and 5:00 p.m. Monday thru Friday, during the second week of April and the second week of October each year. This constitutes notice of entry.

16. DEFAULT BY OWNER. Owner agrees to (a) keep all areas of the apartment complex in a reasonably clean condition; (b) properly maintain hot water, heating, and/or air conditioning equipment; (c) abide by applicable state and local laws requiring repairs; (d) make all reasonable repairs, subject to resident's obligation to pay for damages caused by resident, his family, or guests. Resident may terminate this contract only if the following has occurred: 1) Owner has not attempted to make reasonable and necessary repairs to resident's apartment (including heating, air conditioning, hot water, fixtures, or furniture, if any) within a reasonable period of time after written request, and 2) owner has not attempted to make such repairs for one week following written notice of resident's intention to terminate this contract unless repairs are made.

17. DEFAULT BY RESIDENT. If resident fails to pay rent or other lawful charges when due; or if resident fails to reimburse owner for damages, repairs, or plumbing service costs when due; or if resident, his family, guests, or other occupants violate this contract or owner's rules and regulations or applicable state of local laws; or if resident abandons the apartment; then owner or owner's representative may terminate resident's right of occupancy by giving resident proper notice in writing; Notice may be by mail or personal delivery to resident's apartment. Such termination does not release resident from liability for future rentals. If owner prevails in any suit for eviction, unpaid rentals, charges or damages, resident shall be liable for court costs and reasonable attorney fees and all amounts shall bear interest at the maximum legal rate from the date due. Owner may report unpaid rentals or unpaid damages to the credt bureau for permanent recordation in resident's credit record.

If resident holds over and fails to move on or before the exact date required in this contract( i.e., the end of the lease term or the end of the month of any renewal or extension period), , resident's deposit will be forfeited and the owner shall be entitled to 1 1/2 times actual damages for the holdover period including any damages such as loss of rentals from prospective residents. If in violation hereof, resident or his agent gives notice of intent to move out prior to the end of the contract term, or if resident or his agent attempts to remove property from the apartment in contemplation of moving therefrom prior to the end of the contract term (or renewal or extension period), then all monthly rentals which are payable during the remainder of the term shall be accelerated automatically without notice and shall be immediately due and delinquent (same as acceleration upon default of a home mortgage payment). Owner shall use due diligence to relet the apartment, and all subsequent rentals received by the owner in mitigation of damages (less cost of reletting) shall be credited to such indebtedness and/or judgment or shall be refunded to the resident, whichever is appropriate. Even if the apartment is relet without any loss of rent, resident's deposit will be forfeited as liquidated damages for owner's effort, inconvenience, and administrative costs in reletting the apartment, which forfeiture shall not affect or diminish owner's other rights or remedies under this contract.

18. CONTRACTUAL LIEN. All personal property on the premises (except property exempt by statute) is hereby subjected to a contractual landlord lien to secure payment of delinquent sums due and unpaid under this contract. In order to exercise contractual lien rights, owner's representative may peacefully enter the premises (and any storage facilities) and remove and store all property therein, except property exempt by statute; provided, however, resident must be present or written notice of entry must be left afterwards. In order to clear an abandoned apartment, owner's representative may enter the premises and remove and all property of every kind found therein and dispose of as provided in section 13. above. If resident(s) and all other occupants are absent from the premises for 7 consecutive days, during lease term or extension period, while all or any portion of the rent is delinquent, the premises shall be deemed abandoned. There shall be no sale or disposition of any of the foregoing property except pursuant to this contract. Owner shall impose reasonable charges for storing such abandoned or seized property and may sell same at public or private sale (subject to any recorded chattel mortgages) after 20 days written notice of the time and place of sale is sent certified mail return receipt requested to the resident at the above apartment address. Sale shall be to the highest cash bidder; proceeds shall first be credited to cost of sale and then indebtedness; and surplus shall be mailed to resident at the above address. It is agreed that none of the above procedures shall necessitate prior court hearing or subject owner to any liability. Acceptance of rent or any other sum due is not a waiver of owner's rights of eviction, damages, or past due rents if suit has been filed at the time of acceptance.

19. RELEASE OF RESIDENT. Except under the military clause below, resident will be subject to the same release standards as imposed by savings and loans and mortgage companies, i.e., resident will not be released on grounds of voluntary or involuntary school withdrawal or transfer, voluntary or involuntary business transfer, marriage, divorce, loss of co-resident, bad health, voluntary enlistment in the armed services, or any other such reasons, unless otherwise agreed to in paragraph 22 hereof. However, if resident secures a replacement satisfactory to owner's representative, resident's liability for future rentals will be reduced by the amount of rentals actually received from such replacement. In the event resident is or becomes a member of the Armed Forces on extended active duty and receives change-of-duty orders to depart the local area, or is relieved from such active duty, then resident may terminate this rental contract by giving 30 days written notice, provided resident is not otherwise in default. In such event, resident agrees to furnish owner a certified copy of the official orders which warrant termination of this contract. (Military orders authorizing base housing do not constitute change-of duty orders hereunder).

20. GENERAL. This contract is the entire agreement between the parties, and resident acknowledges that no other oral or written agreement exists, either express or implied. This contract may be modified only in writing signed by all parties. All resident's statements in the rental application were relied upon by owner in executing this contract, and any misinformation therein shall be considered cause for termination by owner or resident's right of occupancy. In the event of more than one resident, each resident is jointly and severally liable for each provision of this contract. Each of the undersigned states that he is of legal age to enter into a binding contract for lodging. All obligations hereunder are to be performed in the country where the apartment is located. Any clause in this contract or attached hereto declared invalid by law shall not terminate or invalidate the remainder of this contract.

21. THIS CONTRACT is executed in multiple copies, one for the resident and one or more for the owner. Attached to each copy hereof is a SECURITY DEPOSIT AGREEMENT, a copy of owner's rules and regulations, if any, will be furnished when resident moves in, or earlier if desired. When the MOVE-IN INVENTORY AND CONDITION form is completed after the resident moves in, both the resident and owner shall retain a copy thereof.

22. The resident(s) authorize banks and other agencies to make available any and all information or records that may be necessary at the request of the owner or owner's representative.

23.SPECIAL PROVISIONS____________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________________________

THIS IS A LEGAL BINDING DOCUMENT READ CAREFULLY BEFORE SIGNING

DISCLOSURE OF CONFLICT OF INTEREST: Suburban Realty represents the OWNER, a licencee with Suburban Realty Property Management

Resident or residents                                                                           Owner or owner's representative

________________________________________                                 _________________________________________

                                                                                                                    4803 Spenard Rd. Anchorage, AK 99517-3239

(Must be attached to Apt. Rental Contract)

PM#______________

Amt Received toward Security deposit $____________________ FOF____________ Date _____________________

This SECURITY AGREEMENT shall govern refunds of all deposits, including deposits for any and all purposes, and shall apply to renewals and/or extensions of the APARTMENT RENTAL CONTRACT. The deposit(s) will be refunded only after each and all of the following conditions have been met and after the appropriate deductions, if any, have been made:

CONDITIONS FOR REFUND

1. NOTICE. At least 30 days written notice of intent to vacate must be given to owner's representative prior to the ending date of the lease term, renewal period, or extension period. In the event of automatic renewal or extension of the rental contract , rent shall be paid through the last day of the month following the expiration of the 30 day written notice period, unless otherwise agreed in writing.

2 FULL TERM. The full term of the rental contract (or any renewal or extension periods) must have ended.

3. RENT PAID. At time of move-out, all rents must be paid in full through the end of the lease term or through the end of the month of any renewal or extension period. Residents may not apply security deposit(s) to rent. Resident agrees that the full monthly rent will be paid on or before the due day of each month, including the last month of occupancy.

4. NO HOLDING OVER. Residents must not stay beyond the date resident is supposed to move out, i.e., beyond the ending date of the lease term, renewal period, or extension period.

5. FORWARDING ADDRESS. A written copy of resident's forwarding address or addresses must be left with the owner's representative.

6. CLEANING REQUIREMENTS. The apartment, including furniture and kitchen appliances, must be cleaned thoroughly. MOVE-OUT CLEANING INSTRUCTIONS (if provided) shall be followed.

DEDUCTIONS FROM TOTAL SECURITY DEPOSIT

7. FAILURE TO CLEAN. If resident fails to clean in accordance with the above paragraph, reasonable charges to complete such cleaning shall be deducted, including charges for cleaning draperies, furniture, walls, etc., soiled beyond reasonable wear. We clean at $30.00 per hour. Carpets will be steam cleaned at the residents expense ($95.00 non-refundable cleaning fee for carpets).

8. FIXED CLEANING CHARGE. The following charge will be deducted in any event for special cleaning which must be done commercially or by owner's employees: $_95.00 non-refundable carpet cleaning fee . This is applicable only if owner has a fixed cleaning charge. This charge does not relieve resident from the cleaning provisions of paragraph 6 and 7 above.

9. OTHER DEDUCTIONS. After inspection by owner's representative, appropriate charges will be deducted for any unpaid sums due under the rental contract, including damages or repairs to the apartment or its contents (beyond reasonable wear); insufficient light bulbs; stickers, scratches, burns, stains, or holes, etc., in walls, doors, floors, draperies, carpets, and/or furniture, etc. A charge of $5.00 per unreturned key will be made. Deductions for late payments and returned checks will be as set in the rental contract.

10. PET CHARGES. Pets are not allowed, even temporarily, without written permission of owner's representative. If a pet is kept on the premises by anyone without prior written permission, a penalty of $10.00 per day will be charged, payable immediately; and in addition, such will be cause for termination by owner od resident's right of occupancy and/or suit for damages. Also, if a pet has been kept on the premises at any time during resident's term of occupancy by anyone (with or without written permission), a deduction may be made for carpets to be professionally shampooed and defleaed in order to protect future residents from possible health hazards.

PROCEDURES

11. RETURN OF DEPOSIT(S). After all of the above conditions have been complied with by the resident and lawful deductions have been made, the balance of the security deposit(s) will be mailed to resident's forwarding address or apartment addresses, along with an itemized accounting of any deductions no later than 14 days after move-out for proper notice and 30 days for improper notice..

12. INSUFFICIENT DEPOSIT(S). If lawful charges, deductions, damages and other unpaid sums due under the rental contract exceed the amount of deposits, resident(s) shall pay such sums upon written demand mailed to resident(s).

13. FAILURE TO PAY FIRST MONTH'S RENT. If resident fails to pay the first month's rent by the first day of the first rental period under the rental contract, resident's deposit(s) will be forfeited and, in addition, owner may terminate resident's right of occupancy and sue for damages, including loss of future rents, attorney's fees, court costs, and other lawful charges.

14. SPECIAL PROVISIONS REGARDING DEPOSIT(S). Prepaid rents and security deposits are deposited in a non-interest bearing trust account at First National Bank Aaccount # 0210-444-6.

Resident                                                                                      Owner's Representative

__________________________________________________ _________________________________________________________

                                                                                                      4803 Spenard Rd. Anchorage, AK 99517-3239

                                                                                                      907-248-3606