Dellas Agency 309 Decatur Street Cape May, NJ 08204 Phone: 609-884-3488 Fax: 609-884-3471

RENTAL AGREEMENT

Rental Lease Agreement Date March 13, 2012 Key #E-04 www.DellasAgency.com

Lease: Date: Parties:

Lease Number: 1374139

This AGREEMENT made March 13, 2012, between Tenant: Donald Adams And Owner: Barry Sharer

Broker: Premises:

Dellas Agency Owner Agrees to rent to Tenant premises known as: 927 Beach Ave, Flr: 2 Unit: 4, Cape May, NJ 08204 (the "Property") From 2:00 PM ON 05/04/2012 to 10:00 AM on 05/07/2012 Unless noted otherwise in Other Conditions. For the total sum of $1,560.00 (the Rent, Damage and Cleaning Deposit, and Fees). (All payments must be made payable to "DELLAS AGENCY TRUST ACCOUNT", including Rent, Damage and Cleaning Deposit and Fees.) Wireless internet, password protected admiral927. Rear onsite assigned parking for only one car and the tenants car must only park in the spot reserved for that unit. Storage area. No Smoking. No Pets.
Category Amount Due Due Date Date Amt Paid Method

Term:

Payment:

Other Conditions:

Payment Schedule:

Rent Processing Fee Damage and Cleaning Deposit Rent

$517.50 $25.00 $500.00 $517.50

03/23/2012 03/23/2012 04/04/2012 04/04/2012

Total:
Amenities:

$1,560.00

No Pets Accepted 1 King Bed(s) 2 Single Bed(s) 1 Sofa Bed(s)-Queen Kitchen Full Size Refrigerator Stove Oven Dishwasher Microwave Disposal Coffee Maker Central AC Utilities Included Washer Dryer Iron Ironing Board Parking 1 Parking Spaces Television 2 TVs Cable TV DVD 1 DVDs broadband Gas Log Fireplace 1 Number of Fireplaces Elevator Tenant Brings Own Linens Open/Covered Porch Waterfront Virtual Tour 1. A Damage and Cleaning Deposit in the amount specified above payable to DELLAS AGENCY TRUST ACCOUNT is to be forwarded together with the final rental payment. Damage and Cleaning Deposit will be held by DELLAS AGENCY pending Owner's inspection of the premises at the termination of this lease and prior to any new Tenant taking possession. Deposit will be returned 30 days from the expiration date of this lease. In the event full deposit is not refunded, Owner agrees to render a proper explanation in writing for any amount deducted from same. In the event a phone is provided, Damage and Cleaning Deposit will be held until phone bill is received to insure that any amounts improperly charged will be paid. No interest will be due tenant. Owner and Tenant, jointly, individually and in the alternative, agree to indemnify, defend and hold Broker harmless from and against any loss, cost and expense arising out of or related to any action taken or thing done by Broker in connection with funds held by Broker or any failure by Broker to take any required action with respect to said funds; provided, however, that any action or failure to act shall have been taken or omitted in good faith, and not as a result of the willful misconduct of Broker or its agents.

Damage and Cleaning Deposit

Tenant's: Obligations:

2. TENANT AGREES AS FOLLOWS: To pay the rent as specified or in default thereof to forfeit payments made on account and all rights hereunder; not to assign this Agreement; not to sublet the premises; not to use or occupy the said premises for any purpose other than a dwelling for not more than 6 people including children. Violating these terms or causing or allowing undue noise or disturbance shall be cause for immediate removal, in which case the Tenant shall forfeit the right to occupy the premises and Owner shall have no obligation to refund any portion of the Rent. Tenant also agrees to keep and maintain in good repair the furniture and fixtures and to leave the Property in a clean and orderly condition; and to abide by all local ordinances, including recycling. Tenant agrees to be responsible for ensuring that all persons in Tenants rental party understand and adhere to the terms and conditions of this Agreement and any/rules regulations of the Property. Failure to abide by any of the above will result in deduction from the Security Deposit.

Owner

Barry Sharer ______ INITIALS

Tenant

Donald Adams ______ INITIALS

Dellas Agency 309 Decatur Street Cape May, NJ 08204 Phone: 609-884-3488 Fax: 609-884-3471
Property Conditions:

Rental Lease Agreement Date March 13, 2012 Key #E-04 www.DellasAgency.com

3. The Broker makes no warranties as to the condition or description of the Property. If the Property has a pool and/or elevator, Tenant acknowledges the presence and/or use of such facilities presents inherent dangers and agrees to release and hold harmless Owner and Broker from any and all claims of liability arising from the use of the pool and/or the elevator. In the event any repairs to the Property become necessary during the term of Tenants occupancy, such as repairs to any major appliance, air conditioning unit(s), or central air zones, the Owner will make every effort to make said repairs within a reasonable time. Broker is not responsible for the failure of any mechanical systems or appliances. Notice of any necessary repairs should be made to the Owner directly or to Broker, which shall promptly notify the Owner of the need for repairs. 4. This rental includes: Dishes, flatware, cooking utensils, and glassware; LINENS AND TOWELS ARE NOT PROVIDED; utilities are included with the exception of a telephone. If a telephone is provided, Tenant shall be responsible for any toll calls/charges during the term of occupancy. 5. ABSOLUTELY NO PETS ARE ALLOWED ON THE PREMISES. THIS IS A NON-SMOKING RENTAL. 6. Tenant has been provided the opportunity to inspect the Property. If Tenant was unable to inspect the premises prior to taking occupancy, all terms and conditions of this Agreement are adhered to as if the Tenant had made a prior inspection. No warranties have been made, expressed or implied, other than those which are contained in the Agreement. 7. In the event of cancellation by the Tenant, payments will be refunded only when the Property is re-rented at no loss to owner. A re-rental charge will be made by the Agency for re-rentals (minimum bookkeeping charge $50 or 10% Commission of such refund-whichever is greater). If the property is not re-rented, Tenant is liable for full balance due. The $25 processing fee is non-refundable. 8. It is clearly understood and agreed that Broker is acting as Transaction Broker only and shall not in any event be held liable to Owner or the Tenant for the non-fulfillment of any terms or conditions of this Agreement or failure to act of Owner, Tenant or any other person. It is further understood and agreed that Broker is not a property manager and therefore has no responsibility with respect to the condition of the premises or any liability for claims arising therefrom and that both Owner and Tenant acknowledge that it is the Owners responsibility to inspect premises prior to Tenant occupying and upon Tenant vacating premises, holding Dellas Agency and its Agents harmless. Broker makes no representations or warranties as to the condition or description of the Property. Any notices to Broker should be sent to:
DELLAS AGENCY 309 Decatur St. Cape May, NJ 08204 Phone: 609-884-3488 Fax: 609-884-3471

Rental Includes:

Pets/Smoking: Inspections:

Cancellation by Tenant:

Agent not Liable:

Catastrophe:

9. It is understood and agreed that in the event of the Property being destroyed by fire, or from any cause made untenable before the period of occupancy specified or during said period of occupancy, that money paid by the Tenant to the Owner shall be refunded to the Tenant, pro rated; provided that in the event the Property is damaged as a result of the conduct of the Tenant or Tenants invitees, Owner shall have no obligation to refund any portion of the Rent. The Agency Commission, being earned by the Agency prior to any catastrophe shall not be refunded. The Tenant acknowledges that it is their responsibility to obtain catastrophic vacation insurance from a source other than the Dellas Real Estate Agency. If they choose not to do so, both the Owner and the Dellas Agency will be held harmless, and it will be at the sole discretion of the Owner to provide any refund to the Tenant.

Deposit:

10. Tenant agrees that all Rent will be disbursed by Broker to the Owner immediately upon request of Owner, after funds have cleared. Tenant consents to all such transfers and releases Broker of all liability resulting from the transfer of Rent to Owner. 11. Owner or his agents shall have the right, but not the obligation, to enter into and upon the Property, or any part thereof, at a reasonable hour, for the purpose of inspection or showing for rental or sale, but Owner agrees not to exercise said right in such a way as to unreasonably interfere with the quiet enjoyment of the Tenant. 12. Keys are to be picked up at the Office of Broker between the hours of 2:00PM and 4:30PM on the day of check-in and returned to Broker no later than 10:00AM on the day of check-out. 13. Both Owner and Tenant have signed their names below indicating their agreement with and acceptance of the terms and conditions of this Agreement. Owner and Tenant agree that this Agreement may be executed in counterpart, included counterparts transmitted by facsimile, which shall be considered original documents in any proceedings to enforce this Agreement.

Right of Access:

Keys:

Acceptance:

Owner

Barry Sharer ______ INITIALS

Tenant

Donald Adams ______ INITIALS

Dellas Agency 309 Decatur Street Cape May, NJ 08204 Phone: 609-884-3488 Fax: 609-884-3471

Rental Lease Agreement Date March 13, 2012 Key #E-04 www.DellasAgency.com

Owner Changes:

14. In the event the Property is sold prior or during Tenants occupancy, Owner shall assign this Agreement and any deposits paid by Tenant to the new owner and shall have no further liability hereunder.

Consumer Information Statement Acknowledge (Only applicable for rental longer than 125 days)

15. By signing below the Owner(s) and the Tenant(s) acknowledge they received the Consumer Information Statement on New Jersey Real Estate Relationships from the brokerage firms involved in this transaction prior to the first showing of the Property.
Declaration of Licensee Business Relationshop: 16. Broker and its agents are working in this Transaction as:

( )Owners Agent Only

Megan's Law Statement:

( )Tenants Agent Only

( )Disclosed Dual Agent

(X)Transaction Broker

Governing Law:

17. Under New Jersey Law, the County Prosecutor determines whether and how to provide notice of the presence of convicted sex offenders in an area. In their professional capacity, Real Estate Licensees are not entitled to notification by the County Prosecutor under Megans Law and are unable to obtain such further information as may be disclosable to you. 18. Any and all disputes arising from this Agreement shall be subject to the exclusive jurisdiction of the Superior Court of New Jersey, Cape May County. 19. By acceptance of deposit Owner agrees to pay DELLAS AGENCY the prevailing commission of 10% Commission on this lease or any future leases or 6% on a sale to Tenants herein named within a period of 18 months of this agreement.

Broker Commission:

By signing this Agreement, Owner and Tenant acknowledge and agree to abide by the above rules for Owner and Tenant and terms of this Agreement.

Owner Signature:

DATE

Tenant Signature:

DATE

Owner Signature:

DATE

Tenant Signature:

DATE

Owner

Barry Sharer ______ INITIALS

Tenant

Donald Adams ______ INITIALS