Parties : CAMSUN VACATION ENTERPRISES (CVE) AND THE OWNER OF THE PROPERTY NAMED AS OWNERS IN THE AGREEMENT
A deposit of $ 1000.00 is required to establish your account with Camsun Vacation. This deposit ensures that we have adequate funds on hand to get all the utilities services connected and to maintain the property and pay for the fixed expense part of the program.
It will be the owner’s responsibility to keep this balance to $ 1000 at any given time.
Owners are responsible for paying monthly, all regular management expenses shown on the attached sheet. Plus cost of utilities(services), repairs, replacements, home owners association dues, real estate taxes, property hazard/content insurance and mortgage payments.
CVE is authorized to execute repair, replacement, or similar work up to a total of $ 300 in value, without approval from the owner.
Exclusion to the $ 300 limit is when repairs are needed in an emergency basis and needs to be attended to immediately, so as to keep the property and its guest secure safe and habitable.
For repairs that require expenses that are above the $ 300 limit, CVE will submit the proposal to the owner for their approval, before obligating or executing the repairs.
You as the owner will be credited 75 % of the total net rental. These credits are the income figures for your property being net of all discounts and commissions to tour operators, travel companies, accommodations booking agents and Camsun Vacation Enterprises.
(includes: general day to day management, upkeep of property, bill paying, financial accounts, sales tax reporting)
Your total fixed cost : $ 305.00
3 bedroom condo $ 55
4 bed condo $ 65
3 bed house $ 65
4 bed house $ 75
5 bed house $ 85
6 bed house $ 105
25 % of the total rental.
Maintenance labor :
Hourly rate of $ 30/hour.
Estimated start up costs:
Start up setup $ 50.00
Security locks $ 200
Fire extinguisher$ 75
Electric deposit $ 30
Cable TV Installation $ 30
Telephone Installation $ 80
Water & refuse deposit $ 80
Florida state DBPR license $ 250
Florida state tax ID $ 5.00
County short term license $ 25 .00
Total start up costs: $ __________________
THIS AGREEMENT IS MADE THIS __________________ DAY OF _____________ 20________
The initial term of this agreement is for a period of twelve months, beginning _____________________________ AND ending _______________________
This agreement will automatically renew at the end of the first and each subsequent twelve months periods, unless written notice is given by one party to the other, thirty days prior to the end of the previous twelve – month agreement.
The agreement is between Camsun Vacation Enterprises ( CVE) as the management company AND ________________________________ , hereinafter referred to as OWNER.
Whereas, CVE proposes to provide property and rental management services for the real property owned by the OWNER(name) ______________________
And OWNER ACCEPTS services of the company for due consideration, for the property located at
Florida, hereinafter referred to as HOME.
OWNERS : X________________________________________
FOR CVE: X________________________________________
Date of execution: ______________________________________
Initials of owner
Do make, constitute, and appoint CAMSUN VACATIONS , THE MANAGEMENT COMPANY to be my true and lawful attorney for and in my name, place and stead I give and grant unto said attorney full power and authority to do and perform all and every act and thing whatsoever requisite and necessary to be done as fully, to all intents and purposes as I might or could do if personally present, with full power of substitution and revocation, herby ratifying and confirming that the said attorney or its substitute shall lawfully do or cause to be done by virtue hereof. Camsun vacations shall be limited to the performance of the regularly customarily acknowledge property management practices, including, but not limited to, inspection and entrance onto the property and engaging in transactions with utility companies.
SIGNATURE PRINTED NAME
WITNESS PRINTED NAME
WITNESS PRINTED NAME
Property phone: _______________________________________________________
Home address: ________________________________________________________
Home phone: ________________________ Home Fax: _______________________
Work phone: ________________________ Work Fax: _______________________
Private e-mail: _______________________ Work e-mail ______________________
Social Security number: __________________________________________
Tax Identification number: ________________________________________
Signature of OWNER/S
U.S. Citizens are required to sign an I.R.S form W-9, Which relieves the management company from the responsibility of paying personal income tax, on behalf of the owner to the IRS.
Camsun Vacation representative Title
Owner signature printed name
Owner signature printed name
DATED THIS DAY OF ________________ OF ___________________20_________