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PROPERTY MANAGEMENT DIVISION SERVICES

Property Management Division

Services

Berkshire Hathaway HomeServices Georgia Properties - Property Management Division will locate

tenants, collect rent, process lease renewals, handle maintenance repairs and all other lease issues

throughout the term of the lease.

All accounting functions, Trust Accounts, monthly statements,

collections and landlord-tenant communications will be managed by The Property Management Division.

MANAGEMENT SERVICE FEES

The initial tenant procurement fee will be equal to one month’s rent. Subsequent lease renewal fees and

multi-year lease fees are based on 50% of one month’s rent and do not need to be paid until the 13th month

or at the beginning of each successive multi-year term. Tenant rental checks shall be made payable to

Berkshire Hathaway HomeServices Georgia Properties and the first months rent shall be retained by

Prudential Georgia Realty as its procurement fee. For your convenience, renewal fees and multi-year lease

fees will also be retained from rental proceeds.

The Monthly Management Fee shall be the greater of $80 per month or 10% of the monthly rental

proceeds. (Example:) A property renting for $500 per month will be charged $80 (the minimum) per

month for management services. If the rent is over $800 per month (Example:) $1500 monthly rental at

10% will yield a $150. monthly management fee. For your convenience, the monthly management fee will

be deducted from the rental proceeds and the property owner will receive the balance.

TENANT ONLY SERVICE FEES

If a property owner desires to manage his own property BHHS Georgia Properties will provide a Tenant

Only Lease. BHHS Georgia Properties will advertise the property through it’s media sources at the

owner’s expense, check prospective tenant’s credit worthiness, lease history, employment and income,

write the lease, contact the owner to negotiate any lease contingencies, then turn the lease over to the

homeowner. The owner will be responsible for scheduling and performing the move-in inspection and

collecting the deposit. BHHS Georgia Properties will be available throughout the lease term for

telephone consultation. The fee for this service will be an amount equal to one month’s rent, retained

from the first month’s rental payment.

PETS

If the owner will accept pets, a “pet fee” will be required of the tenant. This fee is paid to the owner. The

tenant shall sign a separate Pet Agreement at time of lease. This fee is in addition to the security deposit

and is not refundable to the tenant and can be immediately used by the owner to help offset the

procurement fee.

MONTHLY STATEMENTS

BHHS Georgia Properties will send its rental proceeds check to the homeowner, along with a monthly

statement that will outline all rental income, expenses and accounting functions concerning this property.

At the end of the year, a 12 month financial recap will also be sent to you for tax purposes.

PAYMENTS TO OWNERS ( Exclusive to BHHS Georgia Properties’ clients )

There is not a grace period in our lease. 98% of our gross rent roll is in house by the 4th or 5th day

of the month. Our payment to you is by BHHS Bank Check, mailed on or about the 7

and usually

received by the 10

, depending on U. S. Postal service delivery. This is much faster than most

competitors, as we do not wait for the tenant’s check to clear the bank. For even faster service we

will hand carry your proceeds to your local bank for immediate deposit into your account. You must

provide pre-printed deposit slips for this purpose.

ADVERTISING

BHHS Georgia Properties will market your property through its various media and corporate account

sources to obtain qualified tenants. Your property will also be entered into the First Multiple Listing

Service computer for instant information distribution, and sharing among all Real Estate companies.

Property Management Division Services

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