Preferred Vacation Rentals, Inc.
Route 25 Box 261
Center Harbor, NH 03226
Phone: 603-253-7811 Fax: 603-253-4379
www.preferredrentals.com

Security Deposit Waiver Program

TERMS OF WAIVER

As an enrolled Covered Guest under this plan, staying at a Preferred Vacation Rentals managed property, you will not be obligated to pay for theft or damage to covered real or personal property of the owner of the rental unit located within the rental unit occupied by the Covered Guest. If the Covered Guest purchases this plan, the property manager waives the right to charge the Covered Guest for theft or damage to the unit as a result of your inadvertent acts or omissions during the duration of the Stay.

The maximum limit of this waiver of liability is $3,000 aggregate per Stay.

CONDITIONS

The Peace of Mind Protection Plan has certain conditions. The plan will not include liability for damage or theft resulting from:

1. Acts of God;

2. Intentional Acts of a Covered Guest.

3. Gross negligence or willful and wanton conduct;

4. Any cause, if the Covered Guest does not report the damage to Preferred Vacation Rentals staff in writing using the plan forms provided, by the time the Covered Guest checks out of the unit;

5. Normal wear and tear;

6. Theft without a valid police report;

7. This plan does not cover loss of use of the covered property;

8. Coverage does not apply for theft or damage to any property owned by or brought onto the premises by a Covered Guest;

9. Property Damage resulting from any motorized vehicle or watercraft operated by a Covered Guest.

DEFINITIONS

1. "Covered Guest" all registered guests and all persons booked to share the same unit of accommodations, who have elected to purchase the Peace of Mind Protection Plan and have paid the required plan cost.

2. "Stay" the stay at a Preferred Vacation Rentals managed property, from the date of a Covered Guest's check-in to the date of check-out (maximum 90 days).

ADMINISTRATION PROCEDURE

All waivers of theft or damage will be administered by Preferred Vacation Rentals staff at the property. Such staff will have the sole authority to determine the nature and extent of damages, necessary repairs and eligibility for the waiver of liability described herein. The Covered Guest must report any theft or damage to the unit or its contents to Preferred Vacation Rentals staff by the time of check-out or any otherwise applicable damage waiver for such Covered Guest will be void. Preferred Vacation Rentals Management has ultimate claim administration authority. Arbitration is required prior to litigation.

TERM OF COVERAGE

1. The plan takes effect upon check-in or registration on the booked arrival date to a Preferred Vacation Rentals unit, together with receipt of payment of the plan cost at or before check-in.

2. All coverage shall terminate upon normal check-out time of the Preferred Vacation Rentals unit or the departure of the Covered Guest, whichever occurs first.

PROTECTION PLAN FEES ARE NON-REFUNDABLE

IMPORTANT NOTE: Payments for the Peace of Mind Protection Plan will not be accepted after the guest has entered the property for the beginning of their Stay. Violation of any condition of the terms of Preferred Vacation Rentals voids the POM Protection Plan.

Preferred Vacation Rentals provides this Peace of Mind Protection Plan. The obligations of Preferred Vacation Rentals under this contract are underwritten by Virginia Surety Company, Inc.

IF YOU ACCEPT THIS PROTECTION PLAN, THIS DOCUMENT BECOMES PART OF AND IS ATTACHED TO THE LEASE/CONFIRMATION AGREEMENT. PLAN FEE:

$40.00/Stay 0-30 Days

$60.00/Stay 31-90 Days

Preferred Vacation Rentals, Inc. is compensated to provide & administer this protection plan.

Plan is designed by MDM Group Associates, Inc. Copyright: MDM Group Associates, Inc. 2001 Form#:SDW-SA-V