Rev. 01/09/2015

2015 VACATION RENTAL AGREEMENT

THIS IS A VACATION RENTAL AGREEMENT UNDER THE NORTH CAROLINA VACATION RENTAL ACT. THE RIGHTS AND OBLIGATIONS OF THE PARTIES TO THIS

AGREEMENT ARE DEFINED BY LAW AND INCLUDE UNIQUE PROVISIONS PERMITTING THE DISBURSEMENT OF RENT PRIOR TO TENANCY AND EXPEDITED

EVICTION OF TENANTS. YOUR SIGNATURE ON THIS AGREEMENT, OR PAYMENT OF MONEY, OR TAKING POSSESSION OF THE PROPERTY AFTER RECEIPT OF THE

AGREEMENT, IS EVIDENCE OF YOUR ACCEPTANCE OF THE AGREEMENT AND YOUR INTENT TO USE THIS PROPERTY FOR A VACATION RENTAL.

Address: ________________________________

City: __________, State ______, Zip _________

Phone: (____) ______ - ____________

E-Mail: _________________________________

Property #: _______________

Property Address: _______________

Check-In Day @ 4:00 pm: _______________

Pet Fee:

Misc. Fee:

Other Charges:

Taxes (NC & County):

Total:

DECLINE Trip Ins. INITIAL HERE:

DECLINE Bed Linens INITIAL HERE:

In consideration of the monies recited and the mutual obligations contained herein, the Owner does hereby lease and rent to Tenant that certain Property described above, under the following terms and conditions. Joe

Lamb Jr. and Associates, Inc. (Agent) as rental Agent for the Owner, signs this agreement on behalf of Owner in this transaction WITHOUT RESPECT TO RACE, COLOR, RELIGION, SEX, NATIONAL

ORIGIN, HANDICAP, FAMILIAL STATUS, SEXUAL ORIENTATION OR GENDER IDENTITY OF ANY TENANT.

1. Reservation and Payment Requirements: WHEN A RESERVATION REQUEST IS RECEIVED BY AGENT MORE THAN 30 DAYS IN ADVANCE OF CHECK-IN, TENANT MUST FORWARD A

SIGNED VACATION RENTAL AGREEMENT AND ADVANCE RENT PAYMENT WITHIN 3 DAYS AFTER THE RESERVATION REQUEST. A FINAL PAYMENT IS DUE NO LESS THAN 30

DAYS PRIOR TO CHECK-IN. IF THE RESERVATION REQUEST IS LESS THAN 30 DAYS PRIOR TO CHECK-IN, THE SIGNED VACATION RENTAL AGREEMENT AND ALL RENT

PAYMENT IS DUE ON THE DAY OF THE RESERVATION REQUEST. UNLESS THE AGREEMENT AND ALL REQUIRED PAYMENTS ARE RECEIVED BY AGENT WHEN DUE THE

Rental Agreement must also be the person whose name is on the credit card; (c) No personal checks, e-checks, or company checks will be accepted during the 30 day period prior to or on the day of check-in; and (d) A

$25.00 service fee will be charged for all returned checks.

3. Administrative Fee: A fee of $105.00 plus tax is charged by Agent on all tenancies.

4. Taxes: North Carolina has a Sales Tax and Dare County has an Occupancy Tax that is required on all rentals and fees. THESE TAXES ARE SUBJECT TO CHANGE. (For reference purposes last year’s taxes

were as follows: North Carolina 6.75%; Dare 6%).

5. Trip Insurance: Trip Insurance is available and offered through Agent and is strongly recommended. The fee for this insurance is 6.9% of the rental amount, reservation fee, occupancy tax, pet fee, optional linens,

and / or optional towels. Agent receives a fee for collecting the premium. The insurance is intended to protect Tenants in the event of unforeseen circumstances that cause cancellation or interruption, including but not

accidental damages to Owner’s property. It is necessary that Tenant report on or before departure all damage discovered upon arrival or caused by Tenant or Tenant’s guest during Tenants occupancy of Owners

property. Intentional damage, gross negligence, natural disasters, certain thefts, and other exclusions are listed in the document detailing coverage and which governs the terms thereof. A copy of the document

detailing coverage can be found on Agents website or can be mailed, faxed, or e-mailed upon request. The premium for the insurance is $45.00 and Agent receives a fee for collecting the premium. A security deposit

may also be required. If a Security Deposit is required the amount is reflected above. Nevertheless, Agent may require an additional Security Deposit at its discretion. North Carolina law allows such security deposit

to be up to twice the amount of the weekly rental rate. The deposit may be used by the Owner for actual property damage, long distance phone calls, cable TV charges, or other expenses caused by Tenant and allowed

by NCGS 42-51. This deposit will be accounted for or refunded (less allowable deductions) within 45 days of your departure. Tenant promises to reimburse Owner for all damages to Owner’s property caused by

Tenant or his guests and not covered by Tenant Damage Insurance or a security deposit. Tenant shall also be responsible to Owner for attorney fees and other costs necessary to collect for such damages as allowed by

law.

7. Trust Deposits: ALL PAYMENTS MADE BY TENANT WILL BE DEPOSITED IN AN INTEREST BEARING TRUST ACCOUNT AT GATEWAY BANK, KITTY HAWK, NC 27949, YADKIN

8. Cancellations: No refund will be given unless the cancelled period is re-rented. All cancellation or transfer requests by Tenant must be in writing. If the property is re-rented for the contract amount all money

prepaid will be refunded except the trip insurance premium, Tenant Damage Insurance premium, charges for bed linen and towel orders, and a $140.00 cancellation fee charged by Agent. If the property is re-rented for

less than the contract amount, the refund will be further reduced by the difference between the contract amount and the amount actually received. If a reservation is cancelled and not re-rented for the cancelled period,

all advance payments, except the Security Deposit, will be forfeited by Tenant. If no writing is received and Tenant does not arrive during the rental period the reservation will be considered to have been cancelled and

not re-rented. Any refund checks will be mailed at the end of the month in which you become eligible for the refund. A transfer from this Property to another or from one week to another available week in this

Property will require an $85.00 transfer fee from Tenant. Owner approval is required for all transfers.

9. Transfer of Property: (a) If the Owner voluntarily transfers the Property, Tenant has the right to enforce the Agreement against the grantee of the Property if Tenant's occupancy under this Agreement is to end 180

and of the transferee's name and address. However, if Tenant's occupancy under this agreement is to end more than 180 days after recordation of the interest of the Owner's successor-in-interest in the Property, and the

successor-in-interest has not agreed to honor this agreement all advance rent paid by Tenant (and other fees owed to third parties not already lawfully disbursed) must be transferred to Tenant within 30 days.

10. Other Non-availability of Property: In the event that the Owner is unable to deliver the Property to Tenant at check-in because of fire, eminent domain, bankruptcy, receivership, foreclosure, act of nature, double

booking, delay in construction or any other reason whatsoever except as specified in Paragraph 9 above, Tenant's sole remedy and maximum damages recoverable as a result of any of these conditions is the full refund

Rev. 01/09/2015

of all funds previously received from Tenant less fees paid to third parties for the benefit of Tenant as authorized by Paragraph 7. If such an event occurs after check-in Tenants recovery is limited to a pro-rated refund.

If Tenant requests to be relocated in lieu of the above refund and Agent is able to relocate Tenant, Tenant agrees to pay any difference in rental rate and applicable taxes. Tenant expressly acknowledges that in no event

shall Agent or Owner be responsible for any expenses incurred as a result of moving Tenant.

11. Evacuations: THERE WILL BE NO REFUNDS DUE TO INCLEMENT WEATHER, INCLUDING HURRICANES. If state or local authorities order a mandatory evacuation of an area that includes the

including but not limited to TVs, VCRs, DVDs, computer equipment, pools, hot tubs, telephone service, and internet service will not entitle Tenant to a refund. Every effort will be made to ensure repairs are made and

that all equipment is kept in working order. Please report any inoperative equipment to Agent promptly. No refunds shall be granted due to acts of nature, delay in check-in, early departure, surrounding construction,

beach nourishment, or noise.

13. Animals: Unless otherwise advertised, pets are strictly forbidden in rental properties. Nevertheless, no guarantee is made that a rental property has been free of pets or service animals prior to Tenant’s occupancy

and no refunds can be given if it is discovered that pets or service animals have formerly occupied the property. Further, Tenants bringing pets to homes that do not allow them will have committed a material breach

and be subject to refusal of occupancy, termination of this agreement and eviction without refund. For those properties advertised as allowing a dog, only one (1) dog will be permitted unless prior approval is granted.

Nevertheless the following dog breeds are never allowed: Rottweiler’s, German Shepherds, Pit Bulls, Doberman Pinchers, Chows, Wolf Hybrids, or any other dogs having previously displayed a vicious propensity.

Cats and other animals are never allowed. Tenant must clean property of all pet excretions immediately upon discovery. If you bring a dog(s) to a home in which they are allowed a non-refundable fee of $95.00 plus

tax, per dog, is charged for cleaning and flea extermination. If after paying the fee(s) you decide not to bring your dog(s), you must notify our office on or before the day of check-in in order to get a refund. Tenants

must abide by all applicable municipal pet ordinances and no representations are made by Owner or Agent concerning them.

occupancy of the Property.

15. Groups Not Allowed: Groups are not allowed to rent properties. No sororities, fraternities, students, graduation groups, wedding groups, chaperoned groups, or un-chaperoned groups are allowed. If a group

misrepresents itself to be a qualified Tenant and reserves the property, there will have been a material breach that allows refusal of occupancy, termination of this agreement, and eviction without refund. Owner or

Agent reserves the right to refuse occupancy or have the Property vacated without refunding any amounts previously paid. Tenant is invited to consult with Agent prior to signing this Agreement to assure that it is a

qualified Tenant.

16. Other Owner and Tenant Duties: Pursuant to the Vacation Rental Act Owner shall: 1. Comply with all current applicable building and housing codes. 2. Make all repairs and do whatever is reasonably necessary

to put and keep the property in a fit and habitable condition. 3. Keep all common areas of the property in safe condition. 4. Maintain in good and safe working order and reasonable and promptly repair all electrical,

plumbing, sanitary, heating, ventilation, and other facilities and major appliances supplied by him or her upon written notification from the Tenant that the repairs are needed. 5. Provide operable smoke detectors. The

Owner shall replace or repair the smoke detectors if the Owner is notified by the Tenant in writing that replacement or repair is needed. The Owner shall annually place new batteries in a battery operated smoke