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RENTAL AGREEMENT

This Rental Agreement is only valid in conjunction with the Property Management Agreement between Central Florida Rentals & Management Inc, dba CFRM Villas and OWNER
(the “OWNER”), dated .

I. A. PERMISSION TO RENT

This Rental Agreement is between the OWNER and Central Florida Rentals & Management Inc, and/or any of its affiliate companies (the “RENTAL COMPANY”), regarding the following property: (the “PROPERTY).

II. The OWNER gives the RENTAL COMPANY full permission to rent/let the PROPERTY on a short-term basis until the OWNER gives the RENTAL COMPANY at least 30-day notice. The OWNER agrees that the RENTAL COMPANY will be the primary booking source for the PROPERTY and that a booking generated by the RENTAL COMPANY will take precedence over a booking generated by the OWNER. THE OWNER further agrees not to knowingly accept an “OWNER” booking that would conflict in any way with a booking already confirmed by the RENTAL COMPANY, and the RENTAL COMPANY agrees not to knowingly accept a booking that would conflict in any way with a booking already confirmed by the OWNER. In the instance where conflicting bookings are inadvertently accepted, the RENTAL COMPANY agrees to make every endeavor to find alternate accommodations for the conflicting reservation. With this understanding, the OWNER agrees to abide by the terms set forth in Section B “Rent Terms” of this Rental Agreement. The OWNER agrees to accept each, and every reservation placed into the PROPERTY by the RENTAL COMPANY, regardless of rate or length of stay.

Dated:

Owners’ Initials:
Owners’ Initials:

B. RENT TERMS
The RENTAL COMPANY and the OWNER having signed section (II)
of this agreement, further agree:

a) That the RENTAL COMPANY will allocate bookings to the PROPERTY based on a system where the PROPERTY rotates with similar properties according to the property types.

Owners’ Initials:
Owners’ Initials:

b) That all rental income, according to the Rental Agreement Addendum, will be credited in US Dollars (USD) to the OWNERS Management Account.

c) That the RENTAL COMPANY will be responsible for collecting and paying all sales taxes on all rates from guests generated by the Management Company.

d) That the OWNER will be responsible for collection and reporting all sales taxes on bookings generated by the OWNER, and will notify the RENTAL COMPANY of the amount being
collected at that time, the RENTAL COMPANY may agree to deduct such amount from the OWNER’S rental income and report same to the appropriate authorities.

e) That the RENTAL COMPANY will bill any guest for theft or damage to the PROPERTY.

f) That all reservation lists, documents, or information generated by the RENTAL COMPANY remain the property of the RENTAL COMPANY. Should the OWNER terminate the management agreement, then the Rental Agreement will also terminate, and the OWNER agrees to honor all reservations, if any, generated by the RENTAL COMPANY prior to the effective date of termination.

Owners’ Initials:
Owners’ Initials:

g) The receipt of rental income for rental of the PROPERTY will vary due to the differing payment schedules of the various booking sources. The RENTAL COMPANY will credit the OWNERS’ management account upon renter’s departure.

h) That the OWNER may for their personal use book their home for use at any time by giving at least 30-days’ notice. If the OWNER gives less than 30-days’ notice, the booking is subject to availability.

IN WITNESS THEREOF, the parties hereto have affixed or caused to be fixed their respective signatures on this date .

Authorized Representative of Central Florida Rentals & Management Inc.

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July 7, 2023 10:11 am EDT

RENTAL AGREEMENT Uploaded by CFRM Villas - reserve@cfrmvillas.com IP 177.95.86.187