Final Relocation Agreement sent to Louis Kovalsky 6/3/08

OK guys, our final draft of the relocation agreement has been sent to Louis. Let’s see if he follows through with his verbal promises! Please post your comments!!!!

RELOCATION PAYMENT AGREEMENT Taylor Place Apartments
4301 Columbia Pike, Arlington, VA 22204

The undersigned tenant(s) of Taylor Place Apartments residential unit No. _________ , 4301 Columbia Pike, Arlington, VA 22204, and the landlord thereof, agree to the following:

Landlord shall pay Resident the sum of $______________ in accordance with the Arlington County Guidelines of
Relocation Payment as follows:

Studio/Efficiency $750.00
1 Bedroom $900.00
2 Bedroom $1050.00
3 Bedroom $1200.00

Landlord’s obligation to pay Resident the amount above is subject to the following terms and conditions:

1. Relocation payments shall be offered to all tenants, with the exception of those on month-to-month leases and those
who had given notice to vacate prior to receiving the 120-day notice from UDR.

2. All tenants that signed Buy-out agreements and received payment less than the County Relocation guidelines shall
receive payment in the amount of the difference.

3. Payments shall be due and payable after Resident vacates the Premises and upon return of possession of the Premises
(including all keys and access devices) to Landlord, except where provided herein. One Half of the payment may be
received up-front upon request at the Taylor Place Management Office.

4. Except as expressly provided herein, Resident must fulfill all the terms of the Lease, including the payment of all
rents, utilities and charges accruing through the Termination Date. Resident must not be in default of the Lease.
However, UDR will not penalize and deny payment to Residents who have more than the allotted persons per unit.

5. Residents who owe rent, utilities, and/or late fees shall not receive the Relocation Payment until the debt is cleared;
or, the monies owed shall be deducted from the payment upon vacancy, and the Resident shall receive the difference.
No other sums or payments will be due or owing from Landlord to Resident regarding this Relocation of Taylor
Place Residents under this Agreement.
Waiver. Resident hereby releases and discharges UDR Texas Properties, LLC d/b/a Taylor Place and UDR, Inc.,
together with their respective current or former owners, partners, directors, officers, employees, agents, attorneys,
shareholders, affiliates, subsidiaries, predecessors, and from any and all manner of actions, suits, liens, losses, debts,
obligations, damages, claims, judgments, bonds, executions, and demands related to the early termination of
Resident’s lease and tenancy at the Premises.
I have read, understand and agree to the preceding provisions: [All residents must sign here]
Resident Signature Date Resident Signature Date Resident Signature Date
Resident Signature Date Resident Signature Date Landlord Representative Date