Watson Sample Rental Agreement

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INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 1 of 17 8235 Championsgate Boulevard, Suite 1 Davenport, FL 33896 Phone: (407) 589-1685 Fax: (407) 390-1204 Regional Office: 1445 W. Hwy 434, Suite 101, Longwood, FL 32750 Telephone: 407-629-6643 Fax: 407-628-2744 THIS RESIDENTIAL LEASE IS COPY-RIGHT PROTECTED. DUPLICATION WITHOUT WRITTEN APPROVAL IS PROHIBITED. WATSON RESIDENTIAL LEASE AGREEMENT This agreement made between hereinafter referred to as the LANDLORD, and hereinafter referred to as the TENANT, leases the following described real property: , , County, Florida, , together with the following described personal property: to the TENANT and shall bind the TENANT, his/her heirs, estate, or legally appointed representatives. TENANT as herein used shall include all persons to whom this property is leased and all obligations under this lease are joint and several liabilities. LANDLORD as herein used shall include the owner(s) of the premises, its heirs, assigns or representatives and/or any agent designated by the owner(s). In consideration of the mutual covenants and agreements contained in this agreement, LANDLORD rents to TENANT the above real property under the following terms: 1. TERM: This agreement shall begin , 20 and end , 20 . TENANT shall be responsible for payment of rent during the entire term of the rental agreement. NO PARTIAL MONTHS RENT WILL BE ACCEPTED WITH THE EXCEPTION OF THE FIRST MONTHS PRORATED RENT IF APPLICABLE. All terms of this agreement will extend automatically on a month-to-month basis with owner approval should occupancy extend beyond the expiration date of this lease. If for any reason LANDLORD cannot deliver possession of the premises to TENANT by the beginning date, the beginning date may be extended up to 30 days or lease voided at LANDLORDS option without LANDLORD being liable for any expenses caused by such delay or termination. 2. 2 OCCUPANTS: In addition to the TENANT only the following individual(s) shall occupy the premises unless written consent of LANDLORD is obtained: . 3. 3 PRORATED RENT: TENANT agrees to pay the sum of $ as prorated rent plus applicable taxes for the period through . An amount equivalent to a full months rent is required upon move-in. Rent paid in excess of the pro-rated amount due will be applied to rent due for the second month of the lease. The remaining amount due for the second month of occupancy will therefore be $ and is due in full on . 4. 4 RENT: The rent shall be $ per month plus a pet rent of $ per month for the duration of the lease. The total amount due monthly is $ plus any applicable sales tax which must be paid in advance. Rent is due on or before the first (1 st ) of the month at WATSON PROPERTY MANAGEMENT, 8235 CHAMPIONSGATE BOULEVARD, SUITE 1, DAVENPORT, FL 33896 without demand. Rent must be received by LANDLORD or its designated agent on or before the due date. A late fee of $50.00 plus $3.00 per day thereafter retroactive to the second (2 nd ) day of the month shall be due if TENANT fails to make rent payments ON OR BEFORE THE 3 RD DAY OF EACH MONTH. A late fee schedule is available on the next page of this lease agreement to indicate the late fee charges.

INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 2 of 17

5. LATE FEE SCHEDULE 1 2 3 4 5 6 7 $53.00 $56.00 $59.00 $62.00 $65.00 $68.00 8 9 10 11 12 13 14 $71.00 $74.00 / $77.00 $80.00 $83.00 $86.00 $89.00 15 16 17 18 19 20 21 $92.00 $95.00 $98.00 $101.00 $104.00 $107.00 $110.00 22 23 24 25 26 27 28 $113.00 $116.00 $119.00 $122.00 $125.00 $128.00 $131.00 29 30 31 $134.00 $137.00 $140.00 If TENANTS check is dishonored, all future rental payments must be made by money order or cashiers check. TENANT agrees to pay $40.00 fee for any dishonored check, IN ADDITION TO ANY LATE FEES DUE. If LANDLORD has actual knowledge that there are insufficient funds to cover a check, rent will be considered unpaid. LANDLORD may serve TENANT with a Three Day Notice and will not be required to deposit the check. Third party checks are not permitted. Time is of the essence. The imposition of late fees and/or dishonored check charges is not a substitution or waiver of available law remedies. If rent is not received by the first (1 st ) day of each month, LANDLORD may serve a Three Day Notice on the next day or any day thereafter as allowed by law. All signatories to this lease are jointly and severally responsible for the faithful performance of this lease. All payments made shall first be applied to any outstanding balances of any kind including late charges and/or any other charges due under this lease. All late charges, interest, break lease fees, NSF, bank and pet fees, utility charges and any monies due under this lease are hereby defined as, intended and considered to be additional rent. 6. 5. DELINQUENCY DELIVERY FEE: TENANT agrees that should LANDLORD or any agent of LANDLORD deliver and serve upon the TENANT any legal notices, then TENANT agrees to pay a deliver fee of $35.00 for each delivery. TENANT agrees that any and all such delinquency delivery fees shall be deemed as additional rent due. 7. 6. SECURITY DEPOSIT: TENANT shall deposit with the LANDLORD prior to occupancy the amount of $ as a Security Deposit by TENANT for faithful performance of all terms, covenants and conditions of this lease. This deposit may be applied by the LANDLORD for any monies owed by TENANT under the lease or Florida Law for, physical damages to the premises, costs, and attorneys fees associated with the TENANT'S failure to fulfill the terms of the lease. This deposit is neither intended nor to be construed as rent and TENANT cannot dictate that this deposit be used for any rent due. If TENANT breaches the lease by abandoning, surrendering or being evicted from the rental premises prior to the lease expiration date or the expiration of any extension, the deposit will be applied against damages. 8. 7. TENANTS RESPONSIBILITY: TENANT will be responsible for unpaid rent, physical damages, future rent due, attorneys fees, cost and any other amounts due under the terms of the tenancy per Florida Law. The deposit shall be placed in Wachovia Bank, N.A., a Florida banking institution, in a separate non-interest bearing escrow account and located at 225 Water Street 1st Floor, Jacksonville, FL 32202. Security deposit refunds, if any, shall be made by mail only, made out in the name of the TENANT who signed the Residential Lease Agreement, in one check and may not be picked up in person.9. 8. APPLICATION: If TENANT has filled out a rental application, any misrepresentation made by the TENANT in same will be considered a breach of this agreement and LANDLORD may terminate the tenancy. INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 3 of 17

10. 9. FIXTURES AND ALTERATIONS: TENANT must obtain prior written consent from LANDLORD before painting, installing fixtures, making alterations, additions or improvements and if permission is granted, same shall become LANDLORDS property and shall remain on the premises at the termination of the tenancy. 11. 10. USE OF PREMISES: The premises shall be used for residential purposes only. TENANT shall not operate any type of day care or child sitting service on the premises. TENANT shall maintain the premises in a clean and sanitary condition and not disturb surrounding residents or the peaceful and quiet enjoyment of the premises or surrounding premises. No guest may occupy the premises for more than fourteen (14) days without the written consent from the LANDLORD. TENANT shall obey and require all guests to obey all laws, restrictions and covenants that apply to the premises. TENANT agrees to not use property or permit the same to be used for any disorderly, unlawful purpose or detrimental conduct specifically to include illegal, loud, indecent, boisterous, rowdy or immoral activities on the part of the TENANT, family, or guests. TENANT is advised that local law enforcement agencies are responsible for the safety of the community in which the premises are located and any additional personal security precautions beyond these services are the responsibility of the TENANT. 12. 11. PARKING: TENANT agrees that no parking is allowed except for areas designated for auto parking. No boats, recreational vehicles or disassembled vehicles shall be parked in a manner that violates local parking regulations or deed restrictions. No vehicles, boats, trailers, or campers shall be parked in the front yard. TENANT is not to repair or disassemble vehicles on the premises. Any oil or gas spills on walkways, driveways or lawns will be cleaned and removed at the expense of the TENANT. All vehicles must have current license plates.13. 12. UTILITIES: All services and utilities will be paid by the TENANT, unless otherwise specified. The TENANT agrees to pay all charges and deposits for ALL UTILITIES and TENANT agrees to have all accounts for utilities immediately placed in TENANT'S names with accounts kept current throughout occupancy. If the utilities for which TENANT is responsible are still in the LANDLORDS name at the time TENANT takes occupancy, TENANT agrees that LANDLORD shall order such utilities to be terminated. 14. 13. SMOKE DETECTORS: The LANDLORD will provide a smoke detector where required by law. TENANT must maintain the smoke detectors by replacing batteries and notifying LANDLORD in writing of any defects. In cases where NO smoke detector is required by law, installation as well as testing and maintenance will be the TENANT'S expense. TENANT agrees they shall immediately test the smoke detector and are responsible for testing the smoke detectors monthly. 15. 14. MAINTENANCE: TENANT agrees they have FULLY INSPECTED the rental premises and accepts the condition of the premises in an AS IS condition with no warranties or promises expressed or implied. TENANT shall maintain the premises in good, clean, habitable condition throughout the tenancy, use all electrical, plumbing, heating, and cooling or other appliances or equipment in a reasonable manner, removing all garbage in a clean and sanitary manner. LANDLORD TENANT shall maintain the lawn and surrounding grounds, including shrubbery at LANDORD/TENANT'S expense. TENANT agrees to be responsible for proper irrigation of the grounds including any utility charge for such irrigation, and if applicable, promptly notify LANDLORD if any automatic or other sprinkler system is NOT operating properly. TENANT agrees to reimburse LANDLORD for any professional landscape services required as a result of TENANT'S negligence in proper ground maintenance at any time during this lease agreement. In the event TENANT or TENANT'S guests or invitees cause damage to the premises, LANDLORD may at its option repair same and TENANT shall pay for the expenses of same on demand, all charges incurred as additional rent, or LANDLORD may require TENANT repair same. TENANT shall NOT have the right to perform nor arrange for repairs at LANDLORDS expense, nor shall there be any right of TENANT to deduct the cost of any repairs from the rent payment without the advance written consent of the LANDLORD, except as provided by law. TENANT shall be fully responsible for and agrees to maintain and repair at TENANT'S expense the following: Air Condition Filters, Interior Extermination, Locks and Keys, Screening, Smoke Detectors, Batteries and Light Bulbs. TENANT shall INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 4 of 17 provide written notice to LANDLORD of any maintenance needed or repairs, including lawn infestation and/or irrigation problems. TENANT shall be responsible for any damage caused by unreported maintenance needs or repairs. TENANT is responsible for repair or damage to pumps and other equipment, including all water pipes, caused by freezing temperatures. TENANT shall be responsible and pay for any repairs for stopped-up plumbing, including garbage disposal, when the problem is caused by the introduction of foreign objects not intended for sewage disposal. 16. 15. KEYS: TENANT agrees to return all keys, including duplicates, remote garage door openers, gate passes, pool keys, and/or any other equipment provided when terminating this lease agreement, or to pay the necessary cost of replacements. LANDLORD does not warrant lock integrity and is not liable for any breach thereof, for any reason. TENANT may change or re-key the premises at TENANT'S expense, provided TENANT notifies the LANDLORD in writing prior to the change. In addition, TENANT is required to provide LANDLORD with a working key to the premises at the time of installation or change. Failure to do so may result in LANDLORD contacting a locksmith to provide a working key to the premises at the TENANT'S expense. 17. 16. PETS: TENANT shall NOT keep any animals or pets in or around the rental premises without the LANDLORDS prior written approval and a pet addendum signed by all parties. Failure to report a pet on the premises may result in termination of the lease agreement. 18. 17. NON-SMOKING PROPERTY: THIS IS A NON-SMOKING PROPERTY. TENANT, TENANT'S agents, family members, guests or invitees understands that any smoking in a rental property is considered negligence, default and/or improper use by the TENANT and may result in legal and/or financial penalty to the TENANT if it occurs. TENANT understands the cost of any damage, to include but not limited to: deodorizing, carpet replacement, tile replacement, painting, duct cleaning, window treatment replacement, or the removal of any stains as a result of smoking will be the direct responsibility of the TENANT executing this agreement. 19. 18. POOLS: Indicate the type of pool: [ ] In Ground [ ] Above Ground [ ] Jacuzzi/Hot Tub. TENANT understands that if the rental property has a pool, that pool can be a potential danger. TENANT understands, agrees and holds harmless Watson Realty Corp. and Watson Property Management and/or the owner if any injury and/or death should occur. Watson Realty Corp. as well as Watson Property Management as well as the owner shall not be held liable. Unless otherwise provided and in writing, the TENANT agrees to maintain the pool in an acceptable condition throughout the term of the lease. Any damage caused by the TENANT'S neglect or negligence will be the expense of the TENANT. The TENANT is to ensure that the fence, screening, gates surrounding the pool as well as all equipment are in good condition and to report any part that is in need of repair.20. 19. ADDITIONAL STRUCTURES: TENANT shall not be allowed to place upon the rental property any item or structure that could endanger or result in the cancellation of the homeowners insurance. Trampolines are not permitted at the property at any time.21. 20. WATERBED(S): TENANT understands that no waterbed may be brought into the rental property if such introduction would violate building codes. In addition, TENANT agrees to obtain waterbed insurance to cover personal injury and property damage naming the LANDLORD as the loss payee.22. 21. RIGHT TO ENTER: LANDLORD shall have the right to enter the premises for inspections, maintenance and repair or to show a prospective purchaser or tenant during reasonable hours and with proper notification to the TENANT as provided by law. This notification may be by telephone, hand-delivery, email, or by posting a Notice on the premises. LANDLORD has the immediate right to enter the premises in case of emergency or to protect the premises. Should TENANT fail to allow LANDLORD to enter the premises after proper notification to TENANT, TENANT shall be responsible to LANDLORD for liquidated damages in the amount of $100.00 per event. These liquidated damages will apply if TENANT fails to meet a scheduled appointment changes the locks to prevent entry or has a pet or other animal which makes entry to the premises dangerous.23. 22. ASSIGNMENTS: This residential lease is personal to the parties who signed the agreement. TENANT shall NOT assign this lease or sublet the premises or any part thereof without the prior written permission of the INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 5 of 17 LANDLORD, which permission may be withheld for any reason whatsoever. Any unauthorized transfer of interest by the TENANT shall be void and breach this agreement. 24. 23. VACATING: At the expiration of this agreement or any extension whatsoever, TENANT shall peaceably surrender the premises and turn in all keys, duplicates, remote garage door openers, gate passes, pool keys or any other items owned by the LANDLORD, leaving the premises in good, clean condition, ordinary wear and tear excepted. TENANT shall leave all utilities on for five (5) days, NOT INCLUDING WEEKENDS AND/OR HOLIDAYS after move-out for cleaning. Failure to leave utilities on will result in a re-connection charge to the tenant. 25. 24. TERMINATION OR RENEWAL: The TENANT understands they must provide written notice of intent to vacate at least sixty (60) days prior to the end of the lease agreement. This agreement may only be terminated at the end of a calendar month. Failure to give notice of intent to vacate in accordance with these terms will require the payment of one (1) additional months rent regardless of the actual date of vacancy. To renew the terms of this agreement a written request to renew must be given to the LANDLORD no less than sixty (60) days prior to the expiration of the agreement. WHEN THIS LEASE IS RENEWED, A NONREFUNDABLE LEASE PREPARATION FEE IN THE AMOUNT OF $35.00 MUST BE PAID AT LEASE SIGNING. If neither party gives the other any written notice as provided hereunder TENANT shall thereafter be deemed as occupying the premises on a month-to-month tenancy in which case either party may terminate this agreement by giving the other party fifteen (15) days written notice prior to the end of the calendar month. TENANT shall NOT be released from the terms of this agreement on the grounds of voluntary or involuntary employment transfers, loss of employment, marriage, divorce, loss of co-tenant(s), and medical reasons, except as provided by law.26. 25. THERE WILL BE ADDITIONAL RENT DUE IN THE AMOUNT OF 10% OF THE MONTHLY RENT IF FOR ANY REASON THIS LEASE IS CONTINUED ON A MONTH-TO-MONTH BASIS AT THE EXPIRATION OF THE INITIAL TERM. This provision does not in any way obligate the LANDLORD to extend this lease beyond the initial term.27. 26. LIABILITY: All personal property located on the premises shall be at risk of the TENANT or owner thereof. The LANDLORD shall NOT be held liable for any damage to said property of the TENANT arising out of criminal acts, vandalism, acts of GOD, interruptions of utilities, fire, storm, flood, rain or wind damage, acts of negligence of any person whatsoever, or from bursting or leaking water pipes.28. 27. INSURANCE: TENANT understands and agrees that the LANDLORDS insurance, if any, DOES NOT cover injury or death to TENANT'S person or loss of any kind to TENANT'S personal property or expenses incurred by TENANT, including but not limited to, loss of perishables, interruption of water, electric, cable or other utility service, relocation expenses and/or temporary or permanent housing. TENANT agrees that they have an affirmative obligation to obtain renters insurance to cover losses in the event loss should occur to TENANT'S person and/or personal property for any reason whatsoever. Failure by TENANT to obtain renters insurance is done at the complete and total risk of the TENANT. The TENANT is STRONGLY URGED to secure comprehensive renters insurance, including coverage for personal property. 29. 28. TENANT'S OBLIGATIONS REGARDING PERSONAL PROPERTY: TENANT agrees the rental premises is located in an area that may be subject to storms, and as a result, it is necessary to take steps to protect ones personal property, including but not limited to securing objects that may become projectiles, keeping important documents in a location safe from damage, providing for the safekeeping of keepsakes, and obtaining appropriate insurance. TENANT understands that, even with precautions, damage to personal property, including vehicles, may occur.30. 29. STORM SHUTTERS: If the premises are not equipped with storm shutters, TENANT understands that no storm shutters will be provided and/or no measures shall be taken by LANDLORD to secure doors and/or windows unless LANDLORD, in its sole discretion, decides to perform these tasks. TENANT agrees to hold LANDLORD harmless for any damage to person and/or personal property due to the lack of storm shutters or LANDLORDS decisions to secure or INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 6 of 17 not secure doors and/or windows. If storm shutters have been installed at the premises, or if LANDLORD secures door and/or windows, this shall not relieve the TENANT of the obligation of looking to his or her renters insurance for coverage of any damages to property or person. TENANT agrees that installation of storm shutters or other means of securing doors and windows are not guarantees in any way that damage to the premises due to a storm will be minimized or will not occur. 31. 30. STORM PREPARATION: Once a tropical storm, hurricane, flood watch or warning is issued for a particular area and/or at the request of LANDLORD, TENANT agrees to take storm preparedness actions. Any injury to TENANT arising from storm preparation is the sole responsibility of the TENANT and not of LANDLORD. In the event of damage to LANDLORDS property due to TENANT'S storm preparations, that damage will be the responsibility of TENANT. TENANT shall remove all authorized and unauthorized objects from the immediate premises that may become projectiles in a storm, such as deck chairs, potted plants, patio benches and any items on a balcony, lanai, patios and/or breezeway of the rental premises. These items should be placed inside the premises and returned to the outside only when it is safe to do so. In no event, shall any motorcycle, scooter, gas grill, or other item containing gasoline or other fuel, be stored inside the rental premises. These items must be removed completely from the premises. 32. 31. LANDLORDS OBLIGATIONS: TENANT agrees LANDLORD has no obligation to install storm shutters and/or take measures to prevent wind, rain and/or other objects or projectiles from entering the premises in the course or event of a windstorm, flood, hurricane, hailstorm, tropical storm, or any other act of nature (hereinafter Storm) that may strike in the area of or affect the premises rented by TENANT from LANDLORD. TENANT agrees LANDLORD has no duty to advise TENANT as to evacuation orders, potential or current storms, safety measures, storm-preparedness procedures, or storm recovery resources. TENANT agrees to use due diligence in keeping informed of the current and future weather conditions. 33. 32. LIABILITY OF LANDLORD: TENANT waives any liability or duty on the part of the LANDLORD for any damage to person or personal property should any occur due to a storm. TENANT agrees to indemnify LANDLORD should any third party institute an action for damages against LANDLORD due to damages caused to person or property by TENANT'S personal property and/or TENANT'S actions or inactions relating to such personal property. Such indemnity shall include attorneys fees and costs of LANDLORD incurred in any actions for damages by a third party. 34. 33. ATTORNEYS FEES: If LANDLORD employs an attorney to enforce the terms and conditions of this lease agreement, TENANT shall be responsible for all costs and reasonable attorneys fees as incurred by the LANDLORD whether or not suit is filed. Both LANDLORD and TENANT waive the right to demand a jury trial concerning any litigation between LANDLORD and TENANT.35. 34. DEFAULT OF LEASE: (A) Failure of TENANT to pay rent or any additional rent when due, or (B) TENANT'S violation of any other term, condition or covenant of this lease (and if applicable, attached rules and regulations), community approved, covenants, rules, regulations and restrictions or (C) Failure of TENANT to comply with any Federal, State and/or County laws, rules and ordinances, or (D) TENANT'S failure to move into the premises or TENANT'S eviction from, abandonment, or surrender of the premises constitutes a default by the TENANT. Upon default, rent due for the remaining term of this lease is accelerated. TENANT shall owe this rent and any additional rent, damages, or consequential damages, and LANDLORD may take any action permitted by Florida Law. Retaking of possession shall not constitute a rescission of this lease. In the event the rental premises are subject to the rules, regulations, covenants, and restrictions of a condominium or other homeowner association, the TENANT agrees to abide by all applicable rules and regulations. This may also require the approval of the community approved covenants prior to occupancy. TENANT agrees to pay any associated fees that may apply. 36. 35. NOTICES: All notices and requests for repairs, termination, renewals, etc. are to be made in writing to: WATSON PROPERTY MANAGEMENT, 8235 CHAMPIONSGATE BOULEVARD, SUITE 1, DAVENPORT, FL 33896. 37. 36. NON-WAIVER: Any failure by the LANDLORD to exercise any rights under this agreement or Florida Law shall not constitute a waiver of any of the LANDLORDS rights. INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 7 of 17 38. 37. INDEMNIFICATION: TENANT agrees to reimburse LANDLORD upon demand in the amount of cost for service or repairs, including plumbing, caused by the negligence or improper use by TENANT, TENANT'S agents, family, invitees or guests. TENANT will at all times will indemnify and hold harmless LANDLORD from all losses, damages, liabilities and expenses which can be claimed against LANDLORD for any injury or damages to the person or property of any person(s), caused by the acts, omissions, neglect or fault of TENANT, TENANT'S agents, family, invitees or guests, or arising from TENANT'S failure to comply with any applicable laws, statutes, ordinances or regulations.39. 38. ABANDONED PROPERTY: BY SIGNING THIS RENTAL AGREEMENT, THE TENANT AGREES THAT UPON SURRENDER OR ABANDONMENT, AS DEFINED BY CHAPTER 83, FLORIDA STATUTES, THE LANDLORD SHALL NOT BE LIABLE OR RESPONSIBLE FOR STORAGE OR DISPOSITION OF THE TENANT'S PERSONAL PROPERTY. TENANT hereby authorize towing and/or removal of any vehicles abandoned by the TENANT, TENANT'S agents, family, invitees or guests on the premises. 40. 39. MODIFICATIONS: No subsequent alteration, amendment, change, or addition to this lease shall be binding upon LANDLORD or TENANT unless it is reduced to writing and signed by the parties. 41. 40. RADON GAS: Florida State Law requires the following notice be included in all residential lease agreements: Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon gas that exceed federal or state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public health unit. 42. 41. MISCELLANEOUS OTHER PROVISIONS: This lease is subject and subordinate to the lien of a mortgage or deed of trust or encumbrance now or at any time hereunder placed on the premises. The TENANT agrees to promptly execute any instrument evidencing such subordination that the LANDLORD may request of TENANT. The TENANT further irrevocably appoints the LANDLORD Attorney-in-fact to execute any such instrument for him and in his behalf. The conditions and agreements contained herein are binding and may be legally enforced by the parties hereto and no failure to enforce a breach of any condition or agreement herein shall be construed to be a waiver of that condition or agreement or of any subsequent breach thereof. It is further understood/agreed between the parties hereto that time is of the essence of their lease and applies to all terms and conditions contained herein. Each maker authorizes the garnishment or attachment of his/her wages to the fullest extent permitted by law, including without limitation, Florida Statute 222.11(2)(b) as amended from time to time.43. 42. ENTIRE AGREEMENT: This lease and exhibits and attachments, if any, set forth the entire agreement between LANDLORD and TENANT concerning the premises, and there are no covenants, promises, agreements, conditions, or understandings, oral or written between them other than those herein set forth. If any provision in this agreement is illegal, invalid or unenforceable, that provision shall be void but all other terms and conditions of the agreement shall be in effect. Each TENANT signing and executing this agreement shall be jointly and severally liable for all obligations herein. 44. 43. ADDITIONAL STIPULATIONS OR ADDENDUMS: Any additional stipulations or addendums are a binding part of this residential lease agreement. Carpet and Cleaning Addendum Attached. Mold Addendum Attached. Pet Addendum Attached. Disclosure of Information on Lead-Based Paint Hazards. Move-In Receipt Addendum Attached. Move-Out Receipt Addendum Attached. 45. 44. SPECIAL PROVISION: TENANTS agree to abide by the Rules and Regulations of the HOA. INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 8 of 17 __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ , Watson Representative INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 9 of 17

CARPET AND CLEANING ADDENDUM THIS ADDENDUM IS HEREBY ATTACHED TO AND A PART OF THE RESIDENTIAL LEASE BEGINNING , 20 FOR THE RENTAL PROPERTY AT , , County, Florida, . When the TENANT vacates the property, the LANDLORD will contract with a professional, licensed cleaning service to have the carpets cleaned. The cost of the services will be deducted from your security deposit. In addition to basic carpet and final cleaning, if the premises or carpets are damaged and/or excessively dirty or if more than a basic final cleaning is required, these costs will be charged to the vacating tenant in addition to the basic charges. PLEASE NOTE THAT UTILITIES MUST REMAIN ON FOR 5 DAYS (NOT INCLUDING WEEKENDS AND/OR HOLIDAYS) FOR INSPECTION AND CLEANING. FAILURE TO LEAVE THE UTILITIES ON MAY RESULT IN A RECONNECTION CHARGE TO YOUR SECURITY DEPOSIT. __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ , Watson Representative INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 10 of 17

ADDENDUM TO LEASE THIS ADDENDUM IS HEREBY ATTACHED TO AND A PART OF THE RESIDENTIAL LEASE BEGINNING , 20 FOR THE RENTAL PROPERTY AT , , County, Florida, . MOLD: Mold consists of naturally occurring microscopic organisms which reproduce by spores. Mold breaks down and feeds on organic matter in the environment. The mold spores spread through the air and the combination of excessive moisture and organic matter allows for mold growth. Not all, but certain types and amounts of mold can lead to adverse health effects and/or allergic reactions. Not all mold is readily visible, but when it is, can often be seen in the form of discoloration, ranging from white to orange and from green to brown and black, and often there is a musty odor present. Reducing moisture and proper housekeeping significantly reduces the chance of mold and mold growth.

CLIMATE CONTROL: TENANT agrees to use all air-conditioning, if provided, in a reasonable manner and use heating systems in moderation to keep the premises properly ventilated by periodically opening windows to allow circulation of fresh air during dry weather only.

OWNER OR AGENT RECOMMENDS THAT AIR CONDITIONING IS USED AT ALL TIMES IF UNIT HAS AIR CONDITIONING. TENANT AGREES TO: > Keep the premises clean and regularly dust, vacuum and mop. >Open Blinds/Curtains to allow light into the premises > Use hood vents when cooking, cleaning and dishwashing. >Wipe down floors if any water spillage > Avoid excessive amounts of indoor plants. >Hang shower curtains inside bathtub when showering. > Leave bathroom & shower doors open after use. >Keep closet doors ajar > Use exhaust fans when bathing/showering and leave on for a > Securely close shower doors if present. > Avoid air drying dishes. sufficient amount of time to remove moisture. > Use dryer if present for wet towels. > Remove any moldy or rotting food. > Use household cleaners on any hard surfaces. > Use ceiling fans if present. > Wipe down any vanities/sink tops. > Water all indoor plants outdoors. > Wipe down any and all visible moisture. > Wipe down any moisture and/or spillage. > Wipe down windows and sills if moisture is present. > Remove garbage regularly. > Inspect for leaks under sinks. > Wipe down bathroom walls and fixtures. > Check all washer hoses if applicable. > Do not hang-dry clothes indoors. > Regularly empty dehumidifier if used after bathing/showering.

TENANT SHALL REPORT IN WRITING: >Visible or suspected mold >Moldy clothing, refrigerator and A/C drip pan overflows >All A/C or heating problems or spillage >Moisture dripping from or around any vents, >Plant watering overflows A/C condenser lines >Musty odors, shower/bath/sink/toilet overflows >Discoloration of walls, baseboards, doors, window >Leaky faucets, plumbing, pet urine accidents frames, ceilings >Loose, missing or failing grout or chalk around tubs, >Any and all moisture showers, sinks, faucets, countertops, clothes dryer vent leaks INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 11 of 17 SMALL AREAS OF MOLD: If mold has occurred on a small non-porous surface such as ceramic tile, formica, vinyl flooring, metal or plastic and the mold is not due to any ongoing leak or moisture problem; TENANT agrees to clean the areas with soap (or detergent) and a small amount of water, let the surface dry, and then within 24 hours apply a nonstaining cleaner such as Lysol Disinfectant, Pine-Sol Disinfectant (original pine-scented), Tiles Mildew Remover, or Clorox Cleanup.

TERMINATION OF TENANCY: Owner or agent reserves the right to terminate the tenancy and TENANT agrees to vacate the premises in the event owner or agent in its sole judgment feels that either there is mold or mildew present in the dwelling unit which may pose a safety or health hazard to TENANT or other persons and/or TENANT'S actions or inactions are causing a condition which is conducive to mold growth.

INSPECTIONS: TENANT agrees that Owner or Agent may conduct inspections of the unit at any time with reasonable notice.

VIOLATION OF ADDENDUM: IF TENANT FAILS TO COMPLY WITH THIS ADDENDUM, TENANT can be held responsible for property damage to the dwelling and any health problems that may result. Noncompliance includes but is not limited to TENANT'S failure to notify Owner or Agent of any mold, mildew or moisture problems immediately IN WRITING. Violation shall be deemed a material violation under the terms of the Lease, and owner or agent shall be entitled to exercise all rights and remedies it possesses against TENANT at law or in equity and TENANT shall be liable to Owner for damages sustained to the Leased Premises. TENANT shall hold Owner and Agent harmless for damage or injury to person or property as a result of TENANT'S failure to comply with the terms of this addendum. HOLD HARMLESS: If the premises is or was managed by an agent of the Owner, TENANT agrees to hold Agent and its employees harmless and shall look solely to the property Owner in the event of any litigation or claims concerning injury, damage or harm suffered due to mold or mildew.

PARTIES: THIS ADDENDUM IS BETWEEN THE TENANT AND OWNER AND/OR AGENT MANAGING THE PREMISES. THIS ADDENDUM IS IN ADDITION TO AND MADE PART OF THE LEASE AGREEMENT AND IN THE EVENT THERE IS ANY CONFLICT BETWEEN THE LEASE AND THIS ADDENDUM, THE PROVISIONS OF THIS ADDENDUM SHALL GOVERN. __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ , Watson Representative INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 12 of 17

PET ADDENDUMTHIS ADDENDUM IS HEREBY ATTACHED TO AND A PART OF THE RESIDENTIAL LEASE BEGINNING , 20 9 FOR THE RENTAL PROPERTY AT , , County, Florida, . [ ] I WILL NOT HAVE A PET(S) AT THIS PROPERTY Number of Pets = NOTE: A RECENT PHOTO OF THE PET(S) MUST BE ATTACHED TO THIS ADDENDUM. With the exception of the pet(s) listed above, the TENANT SHALL NOT have any other pet(s) of any description on the owners premises without the written consent of the LANDLORD. Failure to disclose a pet can or will result in default of your residential lease and possible eviction. TENANT understands there is a non-refundable pet rent of $ .00 per pet per month for the privilege of maintaining a pet on the premises. The pet rent per month will be added to the rental therein as rent for the pets described above, and the base rent plus pet rent will not change for the entire period of the lease even with a reduction of pet(s) during that period. It is fully understood by all parties that the pet rent is additional rent payable under the residential lease agreement and is subject to all terms and conditions of the lease. The cost of any damage resulting from the pet(s), including but not limited to flea infestation, soiled or damaged carpets, damaged doors, walls, fences, lawns and the loss of rent due to any of the above will be the responsibility of the TENANT. The TENANT is responsible for spraying for fleas during the lease term. Upon vacating the property, LANDLORD will contract for a professional flea treatment and deduct the cost from your security deposit. LANDLORD reserves the right to revoke this consent on seven (7) days notice to the tenants, if in the opinion of the landlord, the pet(s) has become a nuisance to neighbors, other residents, or has not been maintained according to the above rules or any governmental regulations or laws or city ordinances. In the event consent is revoked, TENANT agrees to immediately and permanently remove the pet(s) from the owners premises. Failure to do so shall be considered a breach of the residential lease agreement. TENANT shall be strictly liable for the entire amount of any injury to any person or property caused by the pet and shall indemnify the LANDLORD AND AGENT for all costs of litigation and attorneys fees resulting from same. Pet 1 Pet 2 Pet 3 Pet 4 INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 13 of 17 TENANT agrees to fully restrain pet(s) during the last sixty (60) days of the lease to allow for showing the property for future lease or sale without the need for the tenant to be present. The TENANT will be charged $100.00 per visit for each time access is not obtainable due to an unrestrained pet(s). LANDLORD will NOT accept certain pets including, but not limited to: German Shepherds, Dobermans, Pit Bulls, Chows or Rottweillers, or any part of mix thereof. __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ , Watson Representative INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 14 of 17 THIS ADDENDUM IS HEREBY ATTACHED TO AND A PART OF THE RESIDENTIAL LEASE BEGINNING , 20 9 FOR THE RENTAL PROPERTY AT , , County, Florida, . DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT HAZARDS Lead Warning Statement: Housing built before1978 may contain lead-based paint. Lead from paint, paint chips, and dust can pose health hazards if not taken care of properly. Lead exposure is especially harmful to young children and pregnant women. Before renting pre-1978 housing, landlords must disclose the presence of known lead-based paint and lead-based paint hazards in the dwelling. Tenants must also receive a federally approved pamphlet on lead poisoning prevention. Lessors Disclosure (Initial) (a) Presence of lead-based paint or lead-based paint hazards (check one below) [ ] Known lead-based paint and/or lead-based paint hazards are present in the housing (explain) [ ] Lessor has no knowledge of lead-based paint and/or lead-based paint hazards in the housing. (b) Records and reports available to the lessor (check one below) [ ] Lessor has provided the lessee with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards in the housing (list documents below) [ ] Lessor has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housing. Lessees Acknowledgement (Initial) (c) Lessee has received copies of all information listed above. (d) Lessee has received the pamphlet Protect Your Family from Lead in Your Home. Agents Acknowledgement (Initial) (e) Agent has informed the lessor of the lessors obligations under 42 U S C 4585(d) and is aware of his/her responsibility to ensure compliance. Certification of Accuracy The following parties have reviewed the information above and certify, to the best of their knowledge, that the information provided by the signatory is true and accurate. __________________________________________________________________ DATE: __________________ INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 15 of 17 __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ , Watson Representative INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 16 of 17

MOVE-IN RECEIPT AND ADDENDUM THIS ADDENDUM IS HEREBY ATTACHED TO AND A PART OF THE RESIDENTIAL LEASE BEGINNING , 20 FOR THE RENTAL PROPERTY AT , , County, Florida, . MOVE-IN RECEIPT: DATE OF MOVE-IN: DATE DELIVERED: I acknowledge that I have or will receive on the first day of our Lease Agreement the following items for the above rental property: - House Keys - Garage Door Keys - Garage Door Remotes _ -Mail Box Keys - Automobile Window Decals - Gate Pass Keys - Pool Keys - Clubhouse Keys FAILURE TO RETURN ANY INDICATED ITEMS LISTED ABOVE WILL RESULT IN A REPLACEMENT CHARGE TO YOUR SECURITY DEPOSIT. __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ , Watson Representative INITIALS: ______ / _______ / _______ / _______ / WATSON RESIDENTIAL LEASE AGREEMENT Prepared by: William J. Bosch, Attorney at Law Date: April 8, 2011 Page 17 of 17 MOVE OUT RECEIPT THIS MOVE OUT RECEIPT HEREBY ATTACHED TO AND A PART OF THE RESIDENTIAL LEASE BEGINNING , 20 FOR THE RENTAL PROPERTY AT , , County, Florida, . DATE OF MOVE OUT: DATE RETURNED: I/We hereby acknowledge that I/We have returned the items indicated below for the rental property: - House Keys - Garage Door Keys - Garage Door Remotes - Mail Box Keys - Automobile Window Decals - Gate Pass Keys - Pool Keys - Clubhouse Keys Other: - Further, following is my/our forwarding address: __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ __________________________________________________________________ DATE: __________________ , Watson Representative