Louie T.

Valentine
Property Management
1031 Oriole Way
San Marcos, CA 92078
(619)918-1627

PROPERTY MANAGEMENT & EXCLUSIVE RENTAL AGREEMENT

This Residential Property Management and Exclusive Rental Listing Agreement ("Agreement") is made on 10/15/2019 by and
Kyle Moc Huynh
between __________________________ ("Landlord") Landlord of record of the Premises, or authorized fiduciary representative
of the Landlord(s), hereinafter described, Louie T. Valentine ("Agent"). (NOTE: Landlord represents and warrants to Agent that
Landlord has the power and authority to enter into this agreement, either as Landlord of record of the Premises or as a duly
appointed and authorized fiduciary on behalf of said Landlord; that there are no recorded easements, restrictions, reservations or
rights of way which adversely affect the use of the Premises for the purposes Intended under this Agreement; that to the best of
the Landlord's knowledge, the Premises are zoned for its intended use; that all leasing and other permits for the operation of the
Premises have been secured and are current; that the building and its construction and operation do not violate any applicable statutes, laws,
ordinances, rules, regulations, orders or the like, including without limitation those pertaining to hazardous or toxic substances. Agent represents
and warrants to Landlord that Agent is duly licensed and empowered under all applicable statutes and rules and regulations to offer
and provide the services described herein. Nothing contained in this Agreement shall be construed as creating in Agent any property
interest in or to the property.

1. EMPLOYMENT OF MANAGING AGENT.

A. Employment and Acceptance. The Landlord employs the Agent as the sole exclusive Agent of the Landlord to lease and
manage the Premises located in the State of California and known as _________________ 10883 Canyon Hill Lane,__,
San Diego, CA 92126
("Premises") under the terms and conditions herein set forth; and Agent accepts the employment and shall furnish leasing
and management (and other optional) services to Landlord in connection with the Premises. Landlord agrees to pay all
expenses in connection with Agent's services and repairs and maintenance of the Premises; authorizes Agent to collect all
funds due and payable on Landlord's account for the Premises; authorizes Agent to initiate (solely as Landlord's Agent) such
action(s) as Agent deems necessary, in Agent's sole discretion, to enforce the terms and conditions of any lease
agreement applicable to Landlord's Premises; and grants to Agent the exclusive right to rent or lease the Premises, as
necessary. Landlord acknowledges, and agrees that, Agent shall use Agent's best judgment In exercise of authority and
responsibility hereunder, it being Agent's goal to provide a fair economic return on Landlord's Premises, subject to such
constraints as may be consistent with the Landlord's instructions and market forces. (Note: The terms "rent" and "lease· are
used interchangeably herein and for the purposes of this Agreement, unless otherwise noted, are deemed to be synonymous.)

B. Termination. Either party may terminate this Agreement, without cause or penalty, at any time, by providing thirty
(30) days' written notice to the other. Upon termination of this Agreement for any reason, Agent shall transfer to
Landlord any security deposit being held on behalf of any Tenant then occupying Landlord's Premises and close out
Landlord's reserve account, forwarding any balance (less any fees/reimbursements due Agent), within 30 days of
said termination. If the property is listed for sale with another Brokerage, this Agreement terminates at the end of the current
lease Term.

2. AGENT'S COMPENSATION AND EXPENSES. As compensation for the Agent services under this Agreement, the Landlord shall pay
the Agent the following non-refundable fee, which are guaranteed for one year from the date of this agreement:

A. For Normal Management Services. A monthly management fee of 8% of the gross monthly rental Income for the
Premises, due and payable on the first day of each month and continuing the first day of each month so long as this
Agreement remains in force. Payments due the Agent for periods of less than a calendar month shall be prorated over the
number of days for which compensation is due.
B. Vacant Management Fee. During vacant periods Landlord shall pay Agent a flat fee of $95 per month. Agent shall use best
efforts to safeguard and maintain the Premises during vacant periods. This Includes, but Is not limited to, snow and trash
removal and lawn care. All costs incurred shall be at Landlord's expense
C. Finder's Fee. A finder's fee of 100% of one month's rent for a one-year or two-year lease when a Tenant has been secured and
lease signed. The fee shall include any cooperative listing brokerage fee.
D. Lease Renewal Fee. A fee equal to 25% of 1-month rent.

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3. BANK ACCOUNTS.

A. Escrow Account. The Agent has established a separate, a bank account known as the Property Management Escrow
Account, funds from which are not commingled with, Agent's operating accounts. This Escrow Account shall be used for the
deposit of Landlord's funds collected as described herein. Funds in the Escrow Account(s) remain the property of the
Landlord subject to disbursement of expenses by the Agent as described In this Agreement.
B. Contingency Reserve. Upon ratification of this Agreement, Landlord shall remit to the Agent the sum of $500 to be
deposited in the Escrow Account(s) as a contingency reserve. If Agent is required to make payments for Agent's
compensation, mortgages, HOA/Condo dues or taxes, the Landlord will maintain with Agent a contingency reserve fund
equal to $500 plus the aggregate of one-month payment to be disbursed. The Landlord shall periodically remit to Agent,
upon demand, supplemental funds sufficient to maintain the contingency reserve at the amount required, as noted above
(i.e., $500 or $500 plus one month's obligations). Agent shall not be obligated to disburse funds to any third party in
excess of Landlord's then-available amount; however, Agent may, solely at Agent's option, make such disbursements
from Agent's operating funds, in which case Landlord agrees to, and shall, immediately upon notice from Agent of such
disbursement(s), reimburse Agent for such funds as Agent may then demand. Landlord shall, as required, furnish Agent
adequate advance written notice, with appropriate Information, in any event that Landlord desires the Agent to make any
additional disbursements, whether one-time, periodic, or recurring, and shall advance to Agent such additional funds as may
be necessary to meet the revised contingency reserve requirements.

4. COLLECTION OF RENTS AND OTHER FUNDS.

A. Agent. The Agent shall use best efforts to collect all rents, charges, and other amounts due on the Landlord's account In
accordance with the terms of the lease now in effect or any future lease and to keep accurate records of all deposits and
disbursements into and out of Landlord's account. All Landlord's funds shall be deposited in the Escrow Account described
above. Excess funds not required by Landlord's contingency reserve shall be remitted to Landlord on or before the 10th day
of each month. Agent shall provide Landlord with a monthly statement, end of year summary, and Form 1099. It is
understood that Agent does not guarantee collection of rents or any other funds due Landlord.
B. Special Charges. The Agent may collect from the Tenants and retain any or all the following, all of which shall be deemed
agents funds. Administration charges for late payment of rent of ($500.00 each month), Fees for returned checks($50.00), fees
for insufficient funding for electronic payments($50.00), Administration charges for lease applications, and any additional
administration charges or fees to be applied to Agents commission for leasing the property.

C. Security Deposits. The Agent shall collect and retain security deposits as specified in Landlord's lease agreement, which
deposits shall be deemed to be Tenant's funds, and shall be maintained in a separate, interest-bearing (if required) escrow
account, to be disbursed in accordance with the terms of each Tenant's lease. Any earned interest will be retained by the
Agent unless State or local laws require payment to Tenant.
D. Disbursements from the Escrow Account. Landlord authorizes Agent to pay for all operating expenses, reimburse
Agent for advanced funds, and pay all expenses and costs of operating the Premises, including Agent's compensation,
from the Landlord's contingency reserve, and to make such additional disbursements as Agent, in Agent's sole discretion,
shall deem to be necessary, from time to time, for the proper care and maintenance of Landlord's premises covered by this
Agreement.

5. ADVERTISING.

A. Landlord authorizes Agent to advertise the Premises or portions thereof for rent or lease, using periodicals, signs, plans,
brochures, displays, or such other means as the Agent may deem, in Agent's sole discretion, proper and advisable. The Agent
Is authorized to place signs and a key-safe/lockbox on the Premises advertising the Premises for rent, provided such signs
comply with applicable laws and regulations. The Agent is authorized to make a blanket unilateral offer of cooperation and
compensation to other Agents in any Multiple Listing Service that the Agent deemsappropriate.
B. Landlord authorizes Agent to show and make available the Premises to all persons otherwise deemed legally competent,
without regard to race, sex, color, religion, national origin, mental or physical handicap, familial status, age, sexual
orientation, and all other classes protected by any law.

6. Leasing

(Continued on next page)

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 A. Agent. The Agent shall use best efforts to keep the Premises rented. Landlord must approve all new leases, lease
renewals, and lease extensions. To protect the Landlord, Agent will not disclose to Landlord any applicant's race, sex,
color, religion, national origin, mental or physical handicap, familial status, age, sexual orientation, and all other classes
protected by law. Agent will not provide Landlord with rental applications or applicant credit reports. Landlord approval is
required for cancellation or modification of any lease agreement. Agent is authorized to procure new tenants at the
termination of any lease agreement. No lease shall be in excess of 2 year(s) without written approval by the Landlord.
Leases are to be written on a lease form provided by the Agent. Agent may, with Landlord's written consent, sign, as agent for
Landlord any new lease, lease renewal, lease modification, lease cancelation, or lease termination.
B. Rental Rates. The Agent shall employ best efforts to obtain a suitable Tenant as soon as practicable at a monthly rental of
$4,500.00 or such other amount as may be agreed upon by Landlord and the Agent, in writing.
C. Enforcement of the Lease. Agent may, upon Landlord's request, initiate, in the Landlord's name, all legal actions or
proceedings for the enforcement of any lease term, including, but not limited to, collection of rent or other income from the
Premises or for the eviction or dispossession of Tenants or other persons from the Premises. The Agent is authorized to
sign and serve such notices as the Agent deems necessary for lease enforcement, including the collection of rent or other
income. Landlord shall be responsible for all expenses of such enforcement. Agent shall, on Landlord's behalf, engage the
services of legal counsel for enforcement actions. Landlord, however, reserves the right to replace counsel at any time,
and agrees to provide Agent reasonable notice of such replacement, and further agrees to secure leave of court for
substitution of counsel, as needed.

6. REPAIRS AND MAINTENANCE.

A. Normal Routine Repairs and Maintenance. Agent shall make or cause to be made, through contracted services or
otherwise, all ordinary repairs and replacements reasonably necessary, in Agent's sole discretion, to preserve the
Premises in their present condition, and for the operating efficiency of the Premises, including, but not necessarily limited to,
such alterations as may be required to comply with lease requirements, governmental regulations, insurance
requirements, or for the health or safety of persons occupying or utilizing the Premises. Any single expense in excess of
$400.00, except as described in B, below, shall be approved in writing by Landlord. Adequate funds must be available
prior to the execution of maintenance or repair,
B. Emergency or Urgent Repairs. Agent shall make or cause to be made such emergency or urgent repairs as may be
immediately or urgently necessary, in Agent's sole discretion, for the preservation and safety of the Premises or health of its
occupants, to avoid the suspension of any essential service to the Premises, to otherwise avoid danger to life or
property, as Agent shall determine in Agent's sole discretion, or as may be directed by competent government authority
has requiring immediate action. Landlord shall promptly reimburse Agent for the same, as otherwise provided herein.
C. Utilities. It is the Landlord's responsibility to connect services for all utilities in the Landlord's name during vacant periods.
Agent can provide relevant forms for connection of said services.
D. Home Warranty Programs. it is understood and agreed that Agent does not facilitate or is obligated to work with Home
Warranty Programs.
E. HVAC Service Contract. Landlord agrees to provide an HVAC Service Contract for routine inspections and emergencies.

7. PERSONAL PROPERTY AND HAZARDOUS MATERIALS. All existing personal property remaining on the Premises, including, but
not limited to window coverings, furniture, all stored items, grills, fuel-powered equipment, ladders, and playground equipment convey
as is and at Landlord's risk. Landlord shall not store or keep hazardous materials on the property, including but not limited to, paint,
pesticides, and combustible items. Hazardous materials left on property will be removed by the Agent, with costs assumed by the
Landlord.

8. INSPECTIONS. Agent shall make an initial inspection of the Premises when vacated by Landlord and prior to occupancy of
Premises by Tenant. A property condition inspection report will be made when Tenant vacates the Premises to determine, among
other things, fair wear and tear. Subsequent routine inspections will be made once every 12 months and as deemed necessary, in
Agent's sole discretion, by Agent ooeot,is not a certified professional home inspector.

9. EXTRAORDINARY CONDITIONS -MAJOR REPAIRS. In ·the event of existing extraordinary conditions and/or major repairs in
which Agent, in Agent's sole discretion, deems it necessary to report to Landlord the existence of some condition(s) that Agent
believes violates any governmental law, rule, or regulation, or could lead to reasonable deterioration of the Premises or danger to any
person occupying or visiting the Premises and corrective action will likely cost in excess of
$500.00, or in the event Landlord requests that Agent coordinate repairs that will cost in excess of $500.00, Landlord will be
responsible for approving the corrective action and Landlord shall be the signatory on all proposals and/or contracts for the
undertaking of the corrective action. Landlord agrees that Agent makes no representations as to the quality of the work or the
performance of any contractor authorized by the Landlord to perform the corrective action. Agent makes no guarantees or warranties
regarding the work and shall not be liable for any personal or property damage occurring in, on or about the Premises. If Landlord
refuses to authorize corrective action satisfactory to Agent, then Agent may immediately cancel this Agreement, and shall be released
by Landlord from any and all liability for any event ensuing from such condition.

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 10. CONDEMNATION AND ACTS OF GOD. If for any reason the premisis are condemned by any Governmental authority, or destroyed
through fire, act of god, nature or accident, this agreement shall cease and will terminate as of the date of such condemnation or
destruction and Landlord here by waives all claims of liability against Agent for any damages suffered by such condenation or destruction.

11. MOLD REMEDIATION. Agent shall have no maintenance obligations with respect to Premises relating to any actual, alleged or
threatened inhalation of, ingestion of, contact with, exposure to, existence of, or presence of, any "fungi" or bacteria on or within the
Premises, including its contents, regardless of cause. It is expressly agreed that Agent may, at the direction and expense of Landlord,
and on behalf of Landlord, hire a qualified contractor for the purposes of abating, testing for, monitoring, cleaning up, removing,
containing, treating, detoxifying, neutralizing, remediating or disposing of, or in any way responding to, or assessing the effects of,
"fungi" or bacteria, within the Premises. Landlord shall indemnify and hold harmless Agent from all costs, expenses, suits, liabilities,
damages and claims of every type by reason of actual, alleged or threatened inhalation of, ingestion of, contact with, exposure to,
existence of, or presence of, any "fungi" or bacteria on or within the Premises. Should Landlord fail to direct Agent to hire a
qualified contractor as aforesaid, then in that event, Agent shall have the right to immediately terminate this Agreement with no
further notice to Landlord.

12. INSURANCE. Landlord will provide Agent with copies of fire insurance policies and carry public liability insurance with a minimum
coverage of $500,000.00 naming the Agent as additional insured. Unless the Landlord provides a certificate of coverage to the Agent
within 10 days, the Agent may contract for such coverage at the Landlord's expense. Coverage for code enforcement, water damage,
flood or sewer back-up, and rent replacement are also suggested.

13. INDEMNIFICATION OF AGENT. Landlord indemnifies Agent against all costs, expenses, attorneys' fees, suits, liabilities, and
damages from or connected with the management of the Premises by Agent or the performance or exercise of any of the duties,
obligations, or powers herein or hereafter granted to Agent, and indemnifies and holds Agent harmless for all loss, investigation, suits,
damage, cost, expense (including attorneys' fees), liability, or claims for, personal injury or property damage incurred or occuurring
in, on, or about the Premises.

14. CHOICE OF LAW. This Agreement has been made and entered into in the State of California and the laws of such State shall govern
the validity and interpretation of this Agreement and the performance due hereunder.

15. DISCLOSURES.
Landlord will not permit smokers.
Landlord will not permit pets.
Landlord will not consider HUD subsidized housing.
Landlord will require a Transfer Clause for early lease termination.
Landlord is not a licensed real estate agent.
Landlord will consider a maximum of___3 incomes to qualify, and a maximum of___
3 unrelated adults. Property
10/18/2019
availability date:____________;Property 10/18/2019_
list date: ___________

16. COMPLETE AGREEMENT. This Agreement and its attachments (if any) shall be binding upon the parties, and each of their
respective heirs, executors, administrators, successors, and assigns. This Agreement, unless amended in writing and signed by the
parties, contains the final and entire Agreement of the parties, and the parties shall not be bound by any terms, conditions, oral
statements, warranties or representations not herein contained. Time is of the essence as to all terms of this Agreement.

17. ADDITIONAL TERMS. ____________________________________________________________________________________

18. NOTICES. All notices, requests, demands, or other communications hereunder shall be in writing, and shall be deemed to have been
duly given if delivered in person, or within ten (10) days after deposit in the United States mail, postage prepaid, certified, with return
receipt requested, or otherwise actually delivered to Agent and Landlord as described below.
Notice to Agent at: 1031 Oriole Way, San Marcos, CA 92078
Or by facsimile at: 760-658-2248 Or by e-mail at: [email protected]
Notice to Landlord at: 7007 Kilworth Lane, Springfield, VA 22151

Agent Signature Date Landlord Signature Date

Notary Seal

Notary Signature Date

Landlord ___ Agent___

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