Together with all improvements, including the following non-real items:______________________________________________________________________

And any other property described in any attached Multiple Property Addendum.

________________________________________________________________________________

________________________________________________________________________________

A. Primary Term: The primary term of this agreement commences on _________________ (Commencement Date) and ends on ____________________________ (Termination Date).

B. Automatic Renewal: Unless either party provides written notice of termination to the other party at least thirty (30) days before the Termination Date, this agreement will automatically renew and continue until such time as either party terminates this agreement by giving at least thirty (30) days advance written notice to the other party.

C. Payment of Fees Upon Termination: If Owner terminates this agreement and the Property is leased to a tenant on the date this agreement terminates, Owner must pay Broker all amounts then due under this agreement and a fee equal to the management fees thatwould accrue over the remainder of the term of the lease, then in effect, excluding any potential breach by a tenant. If more than one property is made part of and subject to this agreement, this provision applies to, and will be in effect only with regard to, those properties then leased, and this agreement will terminate as to any property not then leased.

D. Effective Services: If Broker determines that Broker cannot continue to effectively provide leasing and management services to Owner, for any reason, at any time after sixty (60) days after the Commencement Date, Broker may terminate this agreement by providing at least thirty (30) days written notice to Owner.

5. DUTIES AND AUTHORITY OF BROKER: WITH REGARD TO THE PROPERTY, THE PARTIES AGREE THAT BROKER:

A. may advertise the property for lease at Owner’s expense by means and methods as Broker determines to be reasonably competitive;

B. may display signs on the Property, as Broker determines appropriate, in accordance with applicable laws, regulations, ordinances, and restrictions.

C. may authorize other brokers and their associates to show the Property at their own expense;

D. will , using reasonable care, verify references and other information contained in rental applications of prospective tenants;

E. may, using reasonable care, execute lease agreements on behalf of Owner for initial terms (excluding renewals) of not less than ____months and not to exceed _____ months at market rental rates but not less than any minimum rates specified in paragraph 2.;

F. may, using reasonable care, renew, refuse to execute, or refuse to renew lease agreements;

G. may, on Owner’s behalf, file claims with, settle with, and release any insurance carrier providing insurance to the Property with respect to any casualty loss or any other insured loss or damage relating to the Property;

H. may collect from tenants or prospective tenants administrative charges including, but not limited to, application fees, bad check fees, and late charges;

I. May, using reasonable care, and at Owner’s expense, terminate tenancies and execute and serve notices of termination, as Broker determines reasonable or necessary;

J. may, using reasonable care, and at Owner’s expense, institute and prosecute actions to evict tenants and to recover possession of the Property or to recover lost rent and other damages;

L. will maintain accurate books and records so that individual items and aggregrate amounts of accounts payable and accounts receivable, available cash, and other assets and liabilities relating to the Property are readily determined at any time;

At ______________________________________________

Initialed for identification by Owner _______, and by Broker/Associate _________ Page 1 of 6

Residential Property Leasing and Management Agreement for ______________________________________

N. will, each month, remit funds collected by Broker for Owner, less authorized deductions, to maintain a minimum Owner’s bank balance of ____________ plus any applicable security deposits , to _________________________________________ at __________________________________________________________________________

O. will collect and deposit all rents, security deposits, and other funds collected for Owner, less authorized deductions, in a designated trust account, separate and apart from Broker’s operating account (Note: Broker may maintain one designated trust account for all properties Broker leases and manages for others);

P. may, on Owner’s behalf, deduct from any funds Broker holds in trust for Owner:

(1) any compensation due Broker under this agreement:

(2) any funds Broker is authorized to expend under this agreement; and

(3) any reimbursement Broker is entitled to receive under this agreement;

Q. may, at Owner’s expense, hire, discharge, and supervise contractors to make any and all reasonable or necessary repairs, maintenance, redecoration's, or alterations to the Property (including any non-real estate items) provided that Broker does not expend more than _________ per repair, maintenance, or alteration without the Owner’s consent.

R. may, without regard to the expense limitation in paragraph 5Q and at Owner’s expense, hire, discharge, and supervise contractors to make emergency repairs or alterations to the Property (including any non-real estate items) that Broker deems necessary to protect the Property or the health or safety of an ordinary tenant;

S. may, at Owner’s expense, during times that the Property is vacant, contract for electricity, gas, fuel, water, telephone, cleaning, alarm monitoring, pool maintenance, lawn maintenance, and such other regularly recurring expenses as Broker deems necessary and advisable for the maintenance and care of the Property; and

T. May , at Broker’s discretion, perform other services reasonably related to leasing and management of the Property.

B. Authorization: Broker is is not authorized to place a ŸÛÞòoð containing a key to Property on the Property. (MLS).Broker is authorized to place a private Broker’s combination ŸÛÞòoð containing a key to the Property on the Property only if the Property is vacant.

C Tenant Authorization: If the Property is occupied by a tenant, Broker will not place a keybox on the Property without written authorization fron the tenant.

D. Indenmity:: If a keybox is authorized, Owner will protect, defend, indemnify, and hold harmless, Broker’s associates, aand other brokers or their associates, the Association of REALTORS®, ÒãÞ MLS, and any keybox provider, from any damages or claims arising from the keybox including, but not limited to or loss of real or personal property or personal injury not caused by Broker’s negligence. Owner assumes all risk of any loss, damage, and injury.

Initialed for identification by Owner ____ , and Broker/Associate _____ page 2 of 6

Residential Property Leasing and Management Agreement for _____________________________________

11. ADVANCES: Owner will advance to Broker all funds necessary for the leasing or management of the Property. Broker is not obligated to advance any money to Owner or any other person. If, however, Broker advances any funds to Owner or on behalf of Owner, Owner will promptly reimburse Broker such funds plus interest at the rate of 10% per annum.. Broker may deduct any advances or reimbursements from any money Broker holds in trust for Owner. This paragraph survives termination of this agreement.

12. PROPERT CONDITION:

A. Owner is not aware of any material defects on the Property that would affect the health or safety of an odrinary tenant, any enviornmental hazard on or affecting the Property, or any other violation of any statute, ordinanmce, law, regulation of any governmental body or deed restriction, except:__________________________________________

B. If the Property was built before 1978, Owner will complete and attach to this agreement an addendum regarding lead-based paint or lead-based paint hazards to be nade a part of any lease of the Property. Owner authorizes Broker to disseminate to prospective tenants or other brokers copies of the addendum completed by the Owner, together with all information concerning lead-based paint or hazards available to Owner or Broker. If the Property was built before 1978, federal law requires that before a tenant is obligated under a lease, the Owner will:

(1) provide the tenant with a federally approved pamphlet on lead poisoning,

(2) disclose the presence of any known lead-based paint or hazard in the Property, and

(3) provide to the tenant all records and reports pertaining to lead-based paint or hazards in the Property available to Owner.

C. Owner will protect, defend, indemnify, and hold harmless Broker’s , Broker’s associates and any other broker or asscoiates from any damages, costs, attorney’s fees, and expenses arrising from: (i) Owner’s failure to disclose, repair, or remedy any material defect or any condition affecting the health or safety of an ordinary tenant, or (ii) Owner providing any incorrect information to Broker, Broker’s associates, other brokers or their associates, or any prospective tenants.

(1) Owner has a fee simple title and peaceable possession of the Property and all its improvements and fixtures, unless rented, and has the legal capacity to rent the Property;

(2) OWNER IS NOT NOW A PARTY TO A LISTING AGREEMENT OR A PROPERTY MAMAGEMENT AGREEMENT WITH ANOTHER BROKER FOR THE SALE, LEASE, RENTAL, OR MANAGEMENT OF THE PROPERTY;

(3) no person ar entity has any right to purchase, lease, or acquire the Property by virtue of an option, right of first refusal, or other agreement;

(4) provide Broker with copies of all leases or rental agreements, if any, pertaining to the Property;

(5) the Property is not under the direction of a court; and

(6) all written information relating to the Property provided to Broker by Owner is true and correct.

B. If Owner becomes delinquent under any lien, mortgage, deed of trust, or other encumbrance affecting the Property. Broker may inform any tenant occupying the Property of such delinquency.

C. Owner must at all times this agreement is in effect:

(1) cooperate fully in good faith with Broker to faciliate the showing and marketing of the Property;

(2) not rent or lease the Property to anyone without Broker’s prior approval;

(3) not enter into another listing or property management agreement with another broker for the rental, leasing, or managementof the Property to become effective during the term of this agreement; and

(4) provide Broker with copies of all leases or rental agreements, if any, pertaining to the property.

A., At all times this agreement is in effect, Owner, at Owner’s expense, must maintain in full force and effect:

(1) fire and extended coverage for all casualties and hazards customarily covered by casualty insurance in the State of Alaska for the full insurable value of the Property, containing endorsements that contemplate the leasing of the Property by Owner and vacancies between lease terms; and

(2) public liability insurance naming Broker as an additional insured.

B. Within fifteen (15) days from the Commencement Date, Owner must provide to Broker a copy of a certificate of insurance evidencing the required coverage. If the insurance coverage changes in any manner or degree at any time this agreement is in effect, Owner must provide Broker a copy of an insurance certificate evidensing any change with ten (10) days of the change. If Owner fails to maintain the required insurance, Broker may, at Owner’s, purchase such insurance on behalf of Owner or exercise Broker’s default remedies under this agreement.

Initialed for iudentification by Owner ______, and Broker ______ page 3 of 6

Residential Property Leasing and Management Agreement for _____________________________________

(1) New Tenancies: Except for renewals, Owner will pay Broker, each time the Property is leased, a leasing fee of (choose one)

other than eviction for such services, including any time experienced in preparation of any dealings with insurance carriers or apperances in any legal proceeding. Fees under this paragraph are earned at the time the services are rendered and payable upon Owner’s receipt of Broker’s invoice or statement.

(1) If Owner sells the Property at any time this agreement is in effect, this agreement will terminate on the date the sale closes, unless it terminates earlier by other provisions, and all fees under paragraph 3C will be earned and payable at the time the sale closes. Broker will waive the fee under paragraph 3C if Owner utalizes Broker to sell the Property pursuant to a separate written listing agreement with terms mutually acceptable to the parties.

(2) If at any time this agreement is in effect or within ______days after its termination, Owner sells the Property to a tenant who occupied the Property, Owner will pay Broker a fee of __________% of the sales price or ___________________at the time the sales closes. If, however, a separate written listing agreement between Owner and Broker applies to the sale, this paragraph will not apply. Fees under this paragraph are earned at the time Owner agrees to sell the Property and are payable at closing.

(3) If at any time this agreement is in effect Owner sells or agrees to sell the Property to a person other than a tenant occupying the same roperty and does not utalize Broker to sell the Property pursuant to a separate written listing agreement, Owner will pay Broker _______________________________ for Broker’s time and services to coordinate any showings, inspections, appraisals, repairs, and other matters related to the sale of the Property. Fees under this paragraph are earned at the time such services are rendered and payable upon Owner’s receipt of Broker’s invoice or statement.

A. In addition to any ifees or compensation due Broker under this agreement, Owner will reimburse Broker the following expenxses that are related to the leasing or management of the Property:

(1) copy charges;

(2) charges for long distance telephone calls or facacile transmissions;

(3) regular, express, or certified mail charges;

(4) notary fees, and

(5) any other expenditure authorized by this agreement or Owner.

B. Reimbursement for expenses are payable upon Owner’s receipt of Broker’s invoice or statement. Broker may deduct any reimbursement for expenses from any funds Broker holds in trust for Owner. This provoision survives termination of this agreement.

17. FUNDS RECEIVED BY BROKER AFTER TERMINATION: If BROKER RECEIVCES ANY FUNDS ON BEHALF OF OWNER AFTER THIS AGREEMENT TERMINATES (FOR EXAMPLE, PAYMENT OF RENT, DAMAGES, ETC.) BROKER WILL REMIT THOSE FUNDS TO OWNER LESS ANY FEES OR REIMBURSEMENTS bROKER IS ENTITILED TO RETAIN AS IF THIS AGREEMENT. Funds received as aresult of Broker’s submission of a tenant’s debt to a credit reporting company will be subject to a fee of 40% of the sums collected.

(1) personal injury to Owner or any tenant resulting from acts of third parties;

(2) loss or damage of personal or real property due to vandalism, theft, or freezing water pipes;

(3) late fees Owner incurs to any creditor caused by any late payment by any tenant;

(4) any lease violations or default by any tenant, or

(5) any othe damage or loss.

Initaled for identification by Owner ______, by Broker _________ page 4 of 6

Residential Property Leasing and Management Agreement for __________________________________

B. Owner will protect, defend, indemnfy, and hold harmless Broker from any damage, costs, attorney’s fees, or expenses arising from acts

of third parties or loss or damage of personal or real property due to vandalism, theft, freezing water pipes or any other damage not cause by Broker’s negligence.

C. If any loss, damage, or injury to the Property or any person is caused by Broker or Broker’s negligence and such loss or damage is

Covered and compensable under any insurance policy related to the Property, Owner agrees to the extent permitted by law, to hold Broker

Liable only for Owner’s deductible in such a policy and any out-of-pocket expenses.

19. DEFAULT: If either party breaches or fails to comply with this agreement or makes a faulse representation in this agreement, the party will be in default. If either party is in default, the non-defaulting party may seek any relief provided by law.

20. MEDIATION: The parties agree to negotiate in good faith in an effort to resolve any dispute related to this agreement that may arise between the parties. If the dispute cannot be resolved by negotiation, the dispute must be submitted to mediation before resorting to arbitration or litigation. If the need for mediation arises, the parties to the dispute will choose a mutally acceptable mwdiator and will share the cost of mediation equally.

22. NOTICES: All notices must be in writing and will be effective when hand-delivered, mailed, or sent by facsimile or electronic transmission as follows:

To Broker at 4803 Spenard Rd. To Owner at ______________________________________________

Anchorage, Alaska 99517-3239 ________________________________________________

Ph. 907-248-3606 Fax 907-243-4848 Ph______________________________Fax_______________________

E-mail seanskitravel@gci.net e-mail ___________________________________________________

o A. Information about Brokerage Services;

o B. An addendum regarding lead-based paint or lead-based paint hazards;

o C. Multiple party Addendums;

o D. Addendum for Authorization to Act for Owner Before Owner’s Association;

o E. Other

A. Entire agreement: This agreement contains the entire agreement between the parties and may not be changed except by written agreement.

B. Joint and several: All Owners signing this agreement are jointly and severally liable for all provisions of this agreement. Any act, notice to, payment to, signature of, or instruction from, any one or more of the Owners regarding this agreement, its renewal, extention, or termination, is binding on all Owners executing this agreement.

C. Assignability: This agreement may not be assigned by either party without the written approval of the other party.

D. Binding Effect: This agreement is binding upon the parties, their heirs, administrators, executors, successors, and permitted assigns.

E. Controlling Law: The laws of the State of Alaska govern the interpertation, validity, performance, and enforcement of this agreement.

F. Severable Clauses: Should any clause in this agreement be found invalid or unenforceable by a court of law, the remainder of this agreement will not be affected and all other provisions will remain vaild to the fullest extent permitted by law.

B. Fair housing laws require the Property to be shown and made available for lease to all parties without regard to race, color, religion, national origin, sex, disability, or famillal status.

Initialed for identification by Owner ________, by Broker _______ page 5 of 6

Residential Property Leasing and Management Agreement for _________________________________

E. Broker can not give legal advice. This is intended to be a legally binding agreement. READ IT CAREFULLY. If you do not

Suburban Realty 

  __________________________________________

Broker’s Printed Name Owner’s Signature Date

By:________________________________ ________________________________________________

Broker’s or Associates Signature Date wner’s Signature Date

_________________________________________________

Owner’s Social Security or Tax ID Numbers