DVOwnersBrochure

7 Executive Park Road, Hilton Head Island, SC 29928 Tel: 843-785-7774 ~ Toll Free: 877-874-7244 ~ Fax: 843-785-7754 www.destinationvacationhhi.com

Homeowner Exclusive Rental Management Agreement

This agreement is entered into this

day of

, 201 by and between

(hereinafter called “Owner”) and

Destination Vacation (hereinafter called “Agent”). Owner Name:

SS# or Tax ID# Home Phone: Business Phone:

Address:

City:

State:

Zip:

Fax:

Email:

1. Appointment of Agent The Owner of the property known as

(hereinafter referred to as the “Premises”) hereby appoints and employs the Agent as the Owner’s sole and exclusive rental agent, for the period beginning on the day of , 201 , and will remain in force for one year. This contract will automatically renew itself unless written notice is received at least 90 days or more prior to the anniversary of this agreement. 2. Duties of Agent To use due diligence in the management of the Premises during the term of this agreement. To furnish services of its organization for the renting of the Premises. To provide Owner with all communication regarding the physical condition of the Premises. 3. Reservations All rental reservations, including those of the Owner, or Owner’s referrals, will be coordinated through the Agent’s office. In the event that a rental occupant (hereinafter referred to as a “Guest”) is secured for the Premises, the Owner will honor all confirmed reservations, and shall not require the removal of the Guest. Reservations may be accepted up to 12 months in advance. The reservations will be binding on the Owner and the Agent at the rates quoted at the time the reservations are made. 4. Maintenance/Repairs Agent has the authority to act on behalf of the Owner, at the Owner’s expense, to make or cause to be made, repairs and maintenance as necessary for the comfort of Guests. Agent agrees to secure prior approval from Owner for all expenditures in excess of $300.00 for any one item purchased or repaired, with the exception of an “emergency repair”. “Emergency repairs” are those that in the opinion of the Agent are necessary to protect the Premises from further damage or to maintain the occupancy of the rental Guest. 5. Housekeeping Housekeeping expenses will be the responsibility of the Owner. Agent will coordinate and schedule all housekeeping services. Agent will schedule pre-arrival cleaning when Premises has been unoccupied for more than 10 days, schedule annual cleans, and the cleaning of carpet, upholstery and windows. Any housekeeping services that are requested by the Guest, in excess of one cleaning per week, will be at the expense of the Guest. 6. Monthly Statements Agent will provide monthly statements of receipts, expenses and charges by the 5th business day of each month for the preceding month, and will remit to Owner the rental monies received less charges incurred in accordance with the terms contained herein. In the event the disbursements and charges exceed the rentals collected, Owner hereby agrees to pay such excess immediately upon request by Agent. Agent is not required to make any payment on behalf of the Owner that exceeds rental income available for use. 7. Rental Rates The Agent will operate on a ‘best efforts’ basis to secure the highest rental rate possible which may or may not deviate from the advertised rates. Owner agrees that the Agent, at its discretion, may offer Guests a rebate in the event of a disruption of stay as a result of deficiencies related to the Premises. 8. Sale of Premises Owner will notify Agent if the property is listed for sale. Owner must notify Agent in writing immediately after entering into a Contract of Sale of Premises. The Contract shall contain a provision that the Buyer of the Premises will honor all confirmed reservations made by the Agent on the day that written notice of Contract of Sale is given, or Owner is obligated to reimburse Agent, at or before closing, for all costs incurred by Agent, including but not limited to, any rate increases that result from relocating reservations to the closest available and comparable property, plus Agent’s full commission on these reservations. In this event, the buyer’s attorney is authorized to make distribution directly to Agent, at closing, based upon the amount which is due to the Agent. Prorating of any prepaid fees or expenses will be the responsibility of the Owner to be handled by Owner and Buyers’ attorneys. 9. Fees and Commissions Agent’s fee for services is set at a flat commission rate of __ % of the gross rental income of the Premises.