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3 <br />In general, the Property is developing a staffing structure with an eye on the long term <br />management of the properties. This is being done by encouraging a team work atmosphere, as <br />well as the longevity of employment of our maintenance personnel and the strengthening of the <br />Business Manager's skills. <br /> <br /> <br />Section III: Marketing <br /> <br />See separate Marketing Plan. <br /> <br /> <br />Section IV: Management Policies <br /> <br />Leasing Policies <br /> <br />The leasing policies conform with standard industry practice for Low Income Housing Tax Credit <br />and are outlined in the attached Resident Selection Plan. (Copy attached, Exhibit A). Each <br />applicant must income qualify under the median income limits for the tax credit housing <br />programs. A MHOP applicant must have income within the HUD published income limits. We do <br />a complete criminal, credit and previous rental history background check on each applicant before <br />they are accepted into the Property. Each applicant (excluding MHOP units) is charged a $35.00 <br />application fee to help offset the cost of processing applications. A Security Deposit of $300- <br />$500 will be charged for each apartment, subject to market concessions. <br /> <br />A. All leases will be in writing for a term of one year. The lease will renew annually unless a <br />written notice of intent to vacate has been received a full calendar month plus one day in <br />advance of the termination date. The lease will be signed prior to move -in by all adult <br />members of the household. Each resident will sign a receipt acknowledging that they <br />received a copy of their lease. <br /> <br />B. The Agent is knowledgeable of required and prohibited lease clauses and state lease laws. <br /> <br />C. The Resident Handbook will be provided to each Resident as an attachment to their lease. <br /> <br />Waiting List <br /> <br />Once the Property has attained maximum occupancy, leasing will be accomplished through the <br />utilization of waiting lists. When an applicant expresses interest in moving into the property, their <br />name, telephone number and address is placed on a waiting list for the next available unit that <br />conforms with their unit size needs. When an apartment becomes available, we contact all <br />applicants who are on the waiting list. Appointments are scheduled at varying times (mornings, <br />afternoons, evenings) in order to insure that all prospects have the opportunity to view available <br />units. <br />Office Hours <br /> <br />The scheduled office hours vary depending on residents' needs and management staffs <br />schedules .