Las Vegas

This is property that has had only non smoking residents for the last 10 years. If you wish to make it a smoking property, there will be an additional $500.00 non-refundable deposit, however, if you maintain the lease for 3 years, you will receive the deposit back. This will be in addition to the normal deposit of $750.00. Total move in without smokers or pet deposit is $1,745.00

Our townhome at 3367 Racquet, Las Vegas, NV 89121 will be available for long term rental on or before September 15, 2010. It is a great property close to UNLV. It is an 11 month lease (to coincide with UNLV schedule) It is well suited for 3 roommates, as each will have their own private bath. We've just installed brand new carpeting (September, 2010) throughout the home and completed a detailed cleaning, including Stanley Steemer service on all tiles, including bathrooms! If the other properties you're considering aren't clean, or the carpet fresh, ask yourself if the owner can afford to have them taken care of. If they're not clean, one might conclude the owner can't make the payments on the property, and if it goes into foreclosure, you might be out as well. Check the county records at www.accessclarkcounty.com for properties you're considering to make certain they're not subject to foreclosure. We've owned this particular property for more than 10 years, and we're not going anywhere.

We'll be posting more photos and information shortly, or you can email me at danjacobs747@aol.com for more information now.

This Lease Agreement (this "Lease") is dated _________________ and effective___________________, by and between Dan Jacobs ("Landlord"), and __________________________("Tenant(s)"). The parties agree as follows:

PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant a 3 bedroom, 3 bath single family residence (the "Premises") located at 3367 Racquet, Las Vegas, NV 89121.

TERM. The lease term will begin on __________________ and will terminate on August 15^th, 2011.

LEASE PAYMENTS. Tenant shall pay to Landlord lease payments of $1,095.00, payable in advance on the first day of each month. Lease payments shall be made by check draft, ACH debit or to Landlord at P. O. Box 93652, Las Vegas, NV 89114, which may be changed from time to time by Landlord.

SECURITY DEPOSIT. At the time of the signing of this Lease, Tenant shall pay to Landlord, in trust, a security deposit of $750.00 to be held and disbursed for Tenant damages to the Premises or other defaults under this Agreement (if any) as provided by law. Tenant acknowledges this deposit is not payment for the last month lease payment. An additional deposit of $500.00 will be required for smokers. If you complete a 3 year lease term, you will receive the deposit back. If not, you will forfeit the amount. If you do not pay the deposit and you smoke in the property, you will incur a $500.00 recovery charge.

POSSESSION. Tenant shall be entitled to possession on the first day of the term of this Lease, and shall yield possession to Landlord on the last day of the term of this Lease, unless otherwise agreed by both parties in writing. At the expiration of the term, Tenant shall remove its goods and effects and peaceably yield up the Premises to Landlord in as good a condition as when delivered to Tenant, ordinary wear and tear excepted.

USE OF PREMISES/ABSENCES. Tenant shall occupy and use the Premises as a dwelling unit. Tenant shall notify Landlord of any anticipated extended absence from the Premises not later than the first day of the extended absence.

OCCUPANTS. No more than 6 adult person(s) over the age of 16 may reside on the Premises unless the prior written consent of the Landlord is obtained. All tenants must be approved. The only additional adult occupants of the premises are ________________________________

PETS. Pets shall not be allowed without the prior written consent of the Landlord. At the time of signing this Lease, Tenant shall pay to Landlord, in trust, a deposit of $500.00, to be held and disbursed for pet damages to the Premises (if any) as provided by law. This deposit is in addition to any other security deposit stated in this Lease. If the tenant acquires a pet during the lease period, the $500.00 security deposit will be due and payable immediately.

FURNISHINGS. The lease of the Premises includes the furnishings listed on the attached exhibit. Tenant shall return all such items at the end of the lease term in a condition as good as existed at the beginning of the lease term, normal wear and tear excepted.

PARKING. Tenant shall be entitled to parking privileges. Tenant may not park on grassy areas, and any violation of this subparagraph shall be grounds for loss of security deposit. It is clearly understood that parking on the streets in The Colony Subdivision at night will result in vehicles being towed.

STORAGE. Tenant shall be entitled to store items of personal property in the storage areas of the house during the term of this Lease. Landlord shall not be liable for loss of, or damage to, such stored items. Any items, including exempt personal property remaining on the property shall become the property of the Landlord.

PROPERTY INSURANCE. Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises. Landlord does not and will not maintain any insurance on behalf of the tenant. Tenant must contact an outside insurance agency if tenant wishes to purchase insurance for tenant’s personal property.

RENEWAL TERMS. This Lease shall automatically renew for an additional period of 12 months per renewal term, unless either party gives written notice of termination no later than 30 days prior to the end of the term or renewal term. The lease terms during any such renewal term shall be the same as those contained in this Lease. There will be a $50.00 month to month payment due in the absence of a lease renewal

KEYS. Tenant will be given 2 key(s) to the Premises. If all keys are not returned to Landlord following termination of the Lease, Tenant shall be charged $25.00. If the tenant changes the locks, the Tenant shall supply the Landlord with 2 keys to the Premises within 24 hours. Otherwise Landlord shall have the right to enter the premises and change the locks. Tenant will be given 1 key to the pool. If the pool keys is not returned to Landlord following termination of the Lease, Tenant shall be charged $50.00

LOCKOUT. If Tenant becomes locked out of the Premises, Tenant will be charged $100.00 to regain entry.

MAINTENANCE. Landlord shall have the responsibility to maintain the Premises in good repair at all times and perform all repairs necessary to satisfy any implied warranty of habitability except that Tenant will be responsible for the first $50.00 of any and all maintenance costs. In addition, all maintenance of dishwasher, garbage disposal, and washer and/or dryer, if installed, will be at the exclusive expense of the tenant. These items are on loan to tenant for the duration of the lease and any extensions. Landlord shall have the right to enter the premises at anytime with telephone notice, or attempted notice to preserve the property and it’s contents.

UTILITIES AND SERVICES. Tenant shall be responsible for all utilities and services incurred in connection with the Premises.

TAXES. Taxes attributable to the Premises or the use of the Premises shall be allocated as follows:

REAL ESTATE TAXES. Landlord shall pay all real estate taxes and assessments for the Premises.

PERSONAL TAXES. Landlord shall pay all personal taxes and any other charges which may be levied against the Premises, along with all sales and/or use taxes (if any) that may be due in connection with lease payments.

TERMINATION UPON SALE OF PREMISES. Notwithstanding any other provision of this Lease, Landlord may terminate this lease upon 60 days' written notice to Tenant that the Premises have been sold. Tenant has certain rights under Texas law in the event of this occurrence.

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed by fire or other casualty to an extent that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $5,000.00, Landlord shall repair the Premises and a just proportion of the lease payments shall abate during the period of the repair according to the extent to which the Premises have been rendered untenantable. However, if the damage is not repairable within sixty days, or if the cost of repair is $5,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days' written notice of such event or condition by either party and any unearned rent paid in advance by Tenant shall be apportioned and refunded to it. Tenant shall give Landlord immediate notice of any damage to the Premises.

HABITABILITY. Tenant has inspected the Premises and fixtures (or has had the Premises inspected on behalf of Tenant), and acknowledges that the Premises are in a reasonable and acceptable condition of habitability for their intended use, and the agreed lease payments are fair and reasonable. If the condition changes so that, in Tenant's opinion, the habitability and rental value of the Premises are adversely affected, Tenant shall promptly provide reasonable notice to Landlord.

DEFAULTS. Tenant shall be in default of this Lease if Tenant fails to fulfill any lease obligation or term by which Tenant is bound. Subject to any governing provisions of law to the contrary, if Tenant fails to cure any financial obligation within 5 days (or any other obligation within 10 days) after written notice of such default is provided by Landlord to Tenant, Landlord may take possession of the Premises without further notice (to the extent permitted by law), and without prejudicing Landlord's rights to damages. In the alternative, Landlord may elect to cure any default and the cost of such action shall be added to Tenant's financial obligations under this Lease. Tenant shall pay all costs, damages, and expenses (including reasonable attorney fees and expenses) suffered by Landlord by reason of Tenant's defaults. All sums of money or charges required to be paid by Tenant under this Lease shall be additional rent, whether or not such sums or charges are designated as "additional rent". The rights provided by this paragraph are cumulative in nature and are in addition to any other rights afforded by law.

LATE PAYMENTS. For any payment that is not paid within 5 days after its due date, Tenant shall pay a late fee of $50.00, plus $5.00 for each day the payment is late.

MONTHLY REBATES: A monthly rebate of $200.00 may be deducted from the payment if payment is made by ACH debit or check draft, as approved in writing by Tenant. The payment must be made by ACH debit or check draft to qualify for this rebate. This rebate will not apply if there are any arrearages or overdue payments of any type, including insufficient funds.

LEASE COMPLETION REBATE: At the end of the lease, an additional rebate of $45.00 per month shall be mailed to the tenant upon satisfactory inspection of the premises. In order to qualify for this rebate, all 12 monthly payments must be made by ACH debit or check draft. This rebate will not apply if there are any arrearages or overdue payments of any type, including insufficient funds.

DOWN PAYMENT CREDIT: A credit of $500.00 per month, up to a maximum of $12,000.00, shall be applied toward a down payment on the property if Tenant wishes to purchase the premises at any time during the lease for a purchase price of $179,500.00. It is understood that the actual value of the property may increase or decrease during the term of this lease, however, the purchase price shall remain fixed.

HOLDOVER. If Tenant maintains possession of the Premises for any period after the termination of this Lease ("Holdover Period"), Tenant shall pay to Landlord lease payment(s) during the Holdover Period at a rate equal to 150 % of the normal payment rate set forth in the Renewal Terms paragraph.

CUMULATIVE RIGHTS. The rights of the parties under this Lease are cumulative, and shall not be construed as exclusive unless otherwise required by law.

NON-SUFFICIENT FUNDS. Tenant shall be charged $25.00 for each check that is returned to Landlord for lack of sufficient funds.

REMODELING OR STRUCTURAL IMPROVEMENTS. Tenant shall be allowed to conduct construction or remodeling (at Tenant's expense) only with the prior written consent of the Landlord which shall not be unreasonably withheld. At the end of the lease term, Tenant shall be entitled to remove (or at the request of Landlord shall remove) any such fixtures, and shall restore the Premises to substantially the same condition that existed at the commencement of this Lease.

ACCESS BY LANDLORD TO PREMISES. Subject to Tenant's consent (which shall not be unreasonably withheld), Landlord shall have the right to enter the Premises to make inspections, provide necessary services, or show the unit to prospective buyers, mortgagees, tenants or workers. In the event Landlord is unable to contact tenant by telephone, Landlord shall have the right to enter the premises after 24 hours. All telephone calls, as well as the number called by landlord to tenant premises, are recorded. However, Landlord does not assume any liability for the care or supervision of the Premises. As provided by law, in the case of an emergency, Landlord may enter the Premises without Tenant's consent. During the last three months of this Lease, or any extension of this Lease, Landlord shall be allowed to display the usual "To Let" signs and show the Premises to prospective tenants.

INDEMNITY REGARDING USE OF PREMISES. To the extent permitted by law, Tenant agrees to indemnify, hold harmless, and defend Landlord from and against any and all losses, claims, liabilities, and expenses, including reasonable attorney fees, if any, which Landlord may suffer or incur in connection with Tenant's possession, use or misuse of the Premises, except Landlord's act or negligence.

DANGEROUS MATERIALS. Tenant shall not keep or have on the Premises any article or thing of a dangerous, flammable, or explosive character that might substantially increase the danger of fire on the Premises, or that might be considered hazardous by a responsible insurance company, unless the prior written consent of Landlord is obtained and proof of adequate insurance protection is provided by Tenant to Landlord.

COMPLIANCE WITH REGULATIONS. Tenant shall promptly comply with all laws, ordinances, requirements and regulations of the federal, state, county, municipal and other authorities, and the fire insurance underwriters. However, Tenant shall not by this provision be required to make alterations to the exterior of the building or alterations of a structural nature.

MECHANICS LIENS. Neither Tenant nor anyone claiming through the Tenant shall have the right to file mechanics liens or any other kind of lien on the Premises and the filing of this Lease constitutes notice that such liens are invalid. Further, Tenant agrees to (1) give actual advance notice to any contractors, subcontractors or suppliers of goods, labor, or services that such liens will not be valid, and (2) take whatever additional steps that are necessary in order to keep the premises free of all liens resulting from construction done by or for the Tenant.

SUBORDINATION OF LEASE. This Lease is subordinate to any mortgage that now exists, or may be given later by Landlord, with respect to the Premises.

ASSIGNABILITY/SUBLETTING. Tenant may not assign or sublease any interest in the Premises, nor assign, mortgage or pledge this Lease, without the prior written consent of Landlord, which shall not be unreasonably withheld.

NOTICE. Notices under this Lease shall not be deemed valid unless given or served in writing and forwarded by mail, postage prepaid, addressed to the party at the appropriate address set forth below. Such addresses may be changed from time to time by either party by providing notice as set forth below. Notices mailed in accordance with these provisions shall be deemed received on the third day after posting.

Such addresses may be changed from time to time by either party by providing notice as set forth above.

GOVERNING LAW. This Lease shall be construed in accordance with the laws of the State of Nevada.

ENTIRE AGREEMENT/AMENDMENT. This Lease contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Lease. This Lease may be modified or amended in writing, if the writing is signed by the party obligated under the amendment.

SEVERABILITY. If any portion of this Lease shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Lease is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

WAIVER. The failure of either party to enforce any provisions of this Lease shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Lease.

BINDING EFFECT. The provisions of this Lease shall be binding upon and inure to the benefit of both parties and their respective legal representatives, successors and assigns.

I (we) authorize Dan R. Jacobs and / or Derby Properties, LLC to use automatic check drafting and/or ACH (Automated Clearing House) debits as the method of payment for my monthly payments. I realize that no signature is needed on these checks and that if I dispute a charge through my bank that this will constitute a breach of contract and result in immediate demand for all payments due. This authorization is to remain in full force and effect until Derby Properties, LLC and / or Dan Jacobs has received written notification from me (or either of use) by United States Postal Service Certified Mail, Return Receipt requested to the address above of it’s termination in such time and in such manner as to afford Derby Properties, LLC and / or Dan Jacobs and BANK/DEPOSITORY a reasonable opportunity to act on it. Derby Properties, LLC and / or Dan Jacobs authority is limited to the transaction(s) below. I realize that closing my account will still result in Non-Sufficient Funds charges being applied without proper cancellation. I also agree to a $50.00 Non Sufficient Funds charge being applied to my account balance with Derby Properties, LLC and / or Dan Jacobs in the event of a draft rejected for Non Sufficient Funds.

Please initial the following. I(We) realize the amount below reflects a $200.00 monthly discount from the regular lease payment amount of $1,195.00. If this authorization is cancelled, disputed or denied, I will not receive the discount.

______,_____ The monthly payment of $995.00 will be automatically drafted or ACH debited from my checking account on the third (3rd) of each month.

______I(We) have included a blank voided check along with the signed copy of this automatic check authorization form.

Tenant has inspected the Premises and states that the Premises are in satisfactory condition, free of defects, except as noted below:

Housing built before 1978 may contain lead-based paint. Lead from paint, paint chips and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnant women. Before renting pre-1978 housing, landlords must disclose the presence of known lead-based paint and/or lead-based paint hazards in the dwelling. Tenants must also receive a federally approved pamphlet on poisoning prevention.

(a) Presence of lead-based paint and/or lead-based paint hazards (Check (i) or (ii) below):

(i) _____ Known lead-based paint and/or lead-based paint hazards are present in the housing (explain): ______________________________________________

(ii) __X__ Landlord has no knowledge of lead-based paint and/or lead-based paint hazards in the housing.

(i) _____ Landlord has provided the Tenant with all available records and reports pertaining to lead-based paint and/or lead-based paint hazards in the housing (list documents): ______________________________________________

(ii)__X__ Landlord has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housing.

(d) _____ Tenant has received the pamphlet Protect Your Family From Lead In Your Home.

The following parties have reviewed the information above and certify, to the best of their knowledge, that the information they have provided is true and accurate.

Date

3367 RACQUET RENTAL APPLICATION

• Each adult (18 or older) must fill out a separate application

First Middle Last	Birth Date		Social Security #				Driver’s License #

Any Other Names You’ve Used In The Past		Home Phone				Cell Phone

All Other Proposed Occupants				Birth Date	Relationship To Applicant

RENTAL/RESIDENCE HISTORY

	Current Residence	Previous Residence	Prior Residence
Street Address
City
State & Zip
Last Rent Amount Paid
Owner/Manager
and Phone Number
Reason for leaving
Is/Was rent paid in full?
Did you give notice?
Were you asked to move?
Name(s) in which your utilities are now billed:
	From/To	From/To	From/To
Dates of Residency

EMPLOYMENT HISTORY

	Current Employment	Previous Employment	Prior Employment
Employed By
Address
Employer’s Phone
Occupation
Name of Supervisor
Monthly Gross Pay
	From/To	From/To	From/To
Dates of Employment

CREDIT HISTORY

	Bank/Institution Name	Balance On Deposit or Balance Owed
Savings Account
Checking Account
Credit Card
Auto Loan

VEHICLES (Include vehicles belonging to other proposed occupants also)

Make	Model	Color	Year	License Plate

REFERENCES & EMERGENCY CONTACTS

	Doctor	Lawyer	Nearest Relative Living Elsewhere
Name
Street Address
City
State & Zip
Phone Number
By signing the application you grant us permission to communicate with all the contacts listed in this section in the event we can’t locate you. Furthermore, if you abandon the property for any reason then you grant us permission to allow your relative listed above to remove all contents of the dwelling on your behalf.

GENERAL INFORMATION

Have you ever been served a late rent notice?	Do any of the people who would be living in the property smoke?			How long do you think you would be renting from us?

Have you ever filed for bankruptcy? If so, when?		When would you be able to move in?			Have you ever been convicted of a felony?

Have you ever been served an eviction notice? If so, when?			How many pets do you have (list Type, Breed, approx Weight & Age)?

Have you had any reoccurring problems with your current apartment or landlord? If yes, please explain:

Why are you moving from your current address?

List any verifiable sources and amounts of income you wish to have considered (optional):

If you were to run into financial difficulty in the future and couldn’t come up with the money to pay the rent, do you know someone that would loan you the money? If so, provide the person’s name, address, & phone # so that we can use them as a reference for you.

Have you been a party to a lawsuit in the past? If yes, please explain why:

We may run a credit check and a criminal background check. Is there anything negative we will find that you want to comment on?

How did you hear about this property?			Do you have an e-mail address where we can communicate with you?

Agreement & Authorization Signature

I believe that the statements I have made are true and correct. I hereby authorize a credit and/or criminal check to be made, verification of information I provided and communication with any and all names listed on this application. I understand that any discrepancy or lack of information may result in the rejection of this application. I understand that this is an application for a property rental and does not constitute a rental or lease agreement in whole or part. Any questions regarding rejected applications must be submitted in writing and accompanied by a self-addressed stamped envelope.

Signature: ______________________________________ Date: ____________________