Our Property Management Fees & Services:

Thank you for your interest in Lexington Park Property Management Services. The following information details our residential property management fees. If you are interested in Commercial or Vacation Property Management please contact our office and speak with a representative. Effective October 1, 2006 Our management fee is 9% of the monthly rental rate A lease up fee, equal to 100% of the month's rent. This fee is not due and payable until such time as the property is rented. There is a $10 monthly fee per unit for accounting charges If, within the first six months of management, owner chooses to cancel with unjust cause, a $250 cancellation fee will apply. Services we provide: Market Analysis • Analyze Comparable Market Rents • Determine Availability of Similar Space • Establish Market Concessions/Amenities • Compare Market Rents Annually, and Implement Increases in Rents Accordingly Leasing Market • All Current and Future Vacant Properties to Minimize Vacancy • Screen Prospective Residents • Complete Credit and Background Inquiries • Conduct Move In and Move Out Inspections • Pay Referral Fees to the Real Estate Community for Referring Tenants • Work Closely with Corporate Relocation Offices for Tenant Placement Tenant Relations • Make Periodic Interior Inspections with Tenant and Report to Owner * • Establish Regular Communications with Residents • Process All Requests for Service • Inspect Leased Properties • Counsel Residents as Needed Collections • Collect All Rents and Other Resident Charges • Maintain Accounts Receivable Ledgers • Escrow and Account for All Security Deposits and Disbursements • Process Evictions When Necessary Maintenance • Coordinate and Supervise Repairs Through Homeowner Associations. • Provide Repair Service • Shop Prices and Services Competitively • Inspect Repairs and Services Prior to Payment • Determine Tenant Charge Backs and Collect to Reduce Cost • Arrange Warranty Work • Ride Properties Periodically to Determine Condition and Care Owner Accounting • Collect All Income and Pay All Expenses • Make Reoccurring Payments Such as Mortgages and Association Dues • Provide Monthly and Annual Operating Statements for Owners • Analyze Operating Results Owner Relations • Maintain Regular Communications with Owners • Consult with Owners on Large Repairs and All Capital Improvements • Allow Owner's Input on Rates and Lease Terms • Publish Informative and Educational Monthly Newsletter • Counsel Owners on Insurance Matters * = Additional charge for this service only.