LEASE AGREEMENT                                 Page 1 of 4

MICHIGAN LAW ESTABLISHES RIGHTS AND OBLIGATIONS FOR PARTIES TO RENTAL AGREEMENTS. THIS
AGREEMENT
IS REQUIRED TO COMPLY WITH THE TRUTH IN RENTING ACT.  IF YOU HAVE A QUESTION ABOUT THE
INTERPRETATION OR LEGALITY
OF A PROVISION OF THIS AGREEMENT, YOU MAY WANT TO SEEK ASSISTANCE FROM A LAWYER OR OTHER
QUALIFIED PERSON.

1.  LANDLORD/AGENT:                     IDC Properties                        Phone: (906) 343-6617
                                                          N8851 Deerton Road
                                                          Deerton, MI 49822
2.  ADDRESS OF RENTAL UNIT:  __________________________________________________
3.  TERM OF LEASE--  One year Lease Beginning  ______________________________________
4.  AMOUNT OF RENT: $_______ per  month          Due 1st  of  each  month
5.  TOTAL RENT FOR FIXED TERM LEASE:   $___________
6.   PAYMENT LOCATION:    See #1 Above                                       
7.  TENANT'S NAMES                          
                       
               _____________________________________________________
        
                                           _______________________________

8.   SECURITY DEPOSIT
Security Deposit $______ (Not to exceed 1 1/2 month's rent).  $50.00 will be
Non-refundable for interior touchup painting if apartment is painted prior to moving in.
The Security Deposit will be deposited at  Peoples State Bank, Munising,  MI  49862.
Cleaning Deposit: $  ____________ (Refundable if in as clean condition as when rented).
Pet Surety Deposit:  No Pets

9.   FORWARDING ADDRESS          Michigan Public Act 348
THE TENANT SHALL NOTIFY THE LANDLORD IN WRITING WITHIN 4 DAYS OF VACATING THE RENTAL UNIT OF A
FORWARDING ADDRESS.  FAILURE TO COMPLY RELIEVES THE LANDLORD OF THE REQUIREMENT OF NOTICE
OF DAMAGES BUT DOES NOT PREJUDICE A TENANT'S CLAIM  FOR THE SECURITY DEPOSIT.

10.   SERVICES          
                                                                          Provided by
                                                                             Landlord        Tenant        
a.   Electric------------------------------------------- _________        ___x___                       11.   PARKING
b.   Gas-----------------------------------------------__________        ___x___                           _____________________
c.   Water--------------------------------------------- ________         ____x__                          
d.   Telephone -------------------------------------- ________         ____x___                           ___________________
e.   Garbage ----------------------------------------- ________        ____x___                              
______________________________                                                                                                                                 
f.    Laundry Facilities ------------------------------ ________            __x_____                          _____________
g.   Snow Removal, Driveway--------------------  _________           __x____
       Parking Area-----------------------------------________             ___x____
h.    Snow Removal, Steps/Walk-------------------________           ___x____                    12.   FURNISHINGS
       Porch/deck  ------------------------------------________             ___x____                         See Inventory Checklist for
i.     Lawn Care--------------------------------------________             ___x____                         itemized  list on furnishings.
j.    Other--------------------------------------------- _________          _________


                                                           
         LEASE AGREEMENT                                  Page 2 of 4

13.   ADDITIONAL TENANCY CONDITIONS
________________________________________________________________________________________
________________________________________________________________________________________
________________________________________________________________________________________
________________________________________________________________________________________
________________________________________________________________________________________
________________________________________________________________________________________


  I HAVE RECEIVED TWO (2) COPIES OF INVENTORY CHECKLIST
==========================================================================================
14.   SIGNATURES:
  DO NOT SIGN UNTIL YOU READ & UNDERSTAND THE TERMS & CONDITIONS ON THE FOLLOWING PAGES
                     SIGNATURES                                                                                 SIGNATURE
__________________________________                                  ___________________________________________
                                                                                                                            Landlord/Agent
______________________________                                  date____________________________________

______________________________

______________________________

============================================================================================





























                                                                          

                                                  LEASE AGREEMENT  
                                                                                                                                                                                 Page
3 of 4          
15.   INVENTORY CHECKLIST -  Michigan Public Act 348
The landlord shall make use of an inventory checklist at the beginning and ending of occupancy for each rental unit.  
The tenant shall note the condition of the unit and the furnishings and return a copy to the landlord within seven (7)
days after receiving possession. The tenant is entitled to receive a copy of the last ending inventory checklist which
shows what claims were chargeable to prior tenants.
16.   SECURITY DEPOSIT - Michigan Public Act 348
In case of damage to the rental unit attributable to the tenant or other obligations against the deposit, the landlord shall
mail to the tenant within 30 days after the termination of occupancy, an itemized list of damages and costs.  The list shall
be accompanied by a check money order for the difference between the cost of damages or other obligations and the
amount of the security deposit.  The tenant must respond to the landlord's claim within 7 days of receipt of the itemized
list or forfeit amount claimed.  If agreement is not reached as to the amount of deposit withheld, the landlord may
commence action in court within 45 days after termination of occupancy.  The landlord shall not be entitled to retain any
portion of a security deposit for damages claimed unless he/she has first obtained a money judgment for the disputed
amount.  The tenant agrees not to use the security deposit as payment for last month's rent.
17.   ALTERING PREMISES
The tenant will not alter premises or landlord supplied furnishings in any way without t written consent of the landlord.
18.   REPAIRS AND MAINTENANCE - MINIMUM STANDARDS
The landlord will make all necessary interior and exterior repairs to the rental unit to keep it in a habitable condition as
prescribed by good practice and local or state housing ordinances.  Serious heating, plumbing, and electrical failures to
be performed within 24 hours and all other necessary maintenance to be performed within 10 days of written request.
19.   NON-OCCUPANCY BY TENANTS
If the tenant decides not to take occupancy, the forfeiture fee shall not exceed one month's rent.
20.   DELAYED OCCUPANCY ATTRIBUTABLE TO LANDLORD
If the landlord cannot deliver possession of the premises or if it is unfit for occupancy the date the lease is to commence,
then the tenant may elect to terminate the agreement.  All money paid to the landlord shall be refunded.
21.   MAXIMUM NUMBER OF TENANTS/RESIDENTIAL USE
Occupancy shall be restricted to those tenants who have signed the rental agreement unless otherwise agreed to in
writing by the landlord.  Premises shall be used for residential purpose only.
22.   RIGHT TO PRIVACY
The landlord will not enter the rental unit without the permission of the tenant and the tenant will not unreasonably
withhold permission.  Request for entry shall be delivered 24 hour in advance and entry should be within the hours of 8
a.m. to 8 p.m. If the landlord enters to correct an emergency condition, a statement that there was an entry and the
reason for it must be left for the tenant.  During the last month of tenancy the landlord reserves the right to show the
rental unit to prospective tenants provided the present tenants receive a 24 hour notice o the intention to do so and
only within the hours of 8 a.m. and 8 p.m.
23.   JOINT AND SEVERAL AGREEMENT
All tenants in the unit are jointly and severally responsible for the payment of rent to the landlord and for damages
caused to the rental unit(physical damage, unpaid utility bills, and rent in arrears).  Failure to meet the terms and
conditions of the contract by one or more the tenants shall be considered a failure of all the tenants to the terms and
conditions of the contract and shall make all equally responsible.
24.   SUB-LETTING/ASSIGNMENT
The tenant will not sub-let or assign the premises without the written consent of the landlord and the consent of the
landlord will not be unreasonably withheld.
25.   PETS OR ANIMALS
Pets or animals of any kind will not be permitted on premises without the written consent of the landlord.

                                                    
                                          LEASE AGREEMENT                                                   Page 4 of 4

26.   PESTS/RODENTS/FLEAS                                                                
Whenever infestation of pests, rodents or other pests exist in two or  more of the dwelling units in any building or in the
shared or public parts of any dwelling containing two or more dwelling units, extermination shall be the responsibility of
the landlord.  Occupants of single unit private dwellings shall exterminate any insects, rodents or other pests (except
wood eating insects i.e., termites, post beetles, carpenter ants) infesting that portion of the premises he occupies.  
Tenant responsibility for extermination shall begin 30 days after  occupancy commences.
27.   KEYS
The landlord will provide one key to each tenant.  Non-returned keys will be deducted from damage deposit at the rate
of $10.00 per key.
28.   LATE FEES
Rent must be paid according to the contract terms. The tenant may be held liable for $5.00 for each day after the fifth
day the rent is past due.  NSF checks will incur an additional $15.00 charge per occurrence.  Failure to pay rent is also
cause for eviction.  Consideration will be given to a written request for waiver of late fee for inability to make contractual
payment.  Written requests must be made prior to payment due date and must include your schedule for payment.
29.   LEASE ALTERATIONS
Any alterations to this agreement shall be in writing and signed by all parties.
30.   PERSONAL AND  PROPERTY LIABILITY/ INSURANCE
Tenant is responsible for maintaining his/her own personal property insurance. Tenant is strongly advised to purchase
personal  property insurance for protection against theft, fire, loss or damage. Landlord's liability is limited to that which
is mandated by law.
31.   NOISE/INTOXICANTS/PARTIES/ORDINANCES
Violation of local noise ordinances by tenants and disturbances to neighbors will not be tolerated.  Tenants are
responsible for the conduct of their guests.  If  local enforcement  authorities are needed to enforce ordinances or
control noise and other disturbances, tenant(s) may be subject to eviction.  Any fines which may be assessed the
landlord directly caused by tenant are to be paid by tenant and may be withheld from surety deposit if not paid when
billed.
32.   SALE OF PREMISES
Upon sale of premises, the new owner shall assume the rights and responsibilities of this lease and the landlord shall
inform the new owner of this provision before sale. Landlord shall provide tenant with name, address and telephone
number of new owner.
3.3.   HOLDING OVER
This agreement shall not remain in force after the fixed term has ended unless the tenant gives a written notice
equal to the interval between rent payments.  If landlord wants to regain possession, he must issue a Notice to
Terminate      
Tenancy.
34.   NOTICE TO TERMINATE
Any notice to terminate by either party to this agreement shall be given in writing. Length of notice will be equal to the
interval between rental due dates. (This means either party may give a 30 day notice on any day of the month).
35.   LEGAL RECOURSE
If legal action is to be taken to retrieve any moneys or damages incurred by the tenant, the tenant will be responsible to
pay for any legal or attorney fees.