Insurance Agent Coverage

REQUIRED INSURANCE ADDENDUM TO LEASE AGREEMENT

This Addendum is attached to and becomes a part of the Residential Lease Agreement. For the duration of the Lease, Lessee is required to maintain and provide the following minimum required insurance coverage:

$100,000 Limit of Liability for Lessee’s legal liability for damage to Lessor’s property for no less than the following causes of loss: fire, smoke, explosion, backup or overflow of sewer, drain or sump, and water damage (“Required Insurance”).

Lessee is required to furnish Lessor with evidence of Required Insurance prior to occupancy of leased premises and at the time of each lease renewal period. If at any time Lessee does not have Required Insurance, Lessee is in breach of the Lease and Lessor shall have, in addition to any other rights under the Lease, the right but not the obligation to purchase Required Insurance coverage protecting the sole interest of the Lessor and seek contractual reimbursement from the Lessee for all costs and expenses associated with such purchase.

Lessee may obtain Required Insurance or broader coverage from an insurance agent or insurance company of Lessee’s choice. If Lessee furnishes evidence of such insurance, Lessee must name Lessor and Advenir at San Tropez as additional interest or interested party and maintain the insurance for the duration of the Lease. If Lessee does not maintain Required Insurance, the insurance requirement of this Lease may be satisfied by Lessor, who may purchase such coverage through the Landlord Required Insurance Policy (“LRIP”). The coverage provided under the LRIP will provide the Required Insurance coverage listed above. An amount equal to the total cost to the Lessor for the LRIP coverage shall be charged to Lessee by the Lessor as a recoverable expense or fee under the Lease. Some important points of this coverage, which Lessee should understand are:

1. LRIP is designed to fulfill the insurance requirement of the Lease. Lessor is the Insured under the LRIP. This is single interest insurance. Lessee is not an Insured, Additional Insured or beneficiary under the LRIP. All loss payments are made to the Lessor.

2. LRIP coverage is NOT personal liability insurance or renters insurance. LRIP does not cover the Lessee’s personal property (contents), additional living expenses or liability arising out of bodily injury or property damage to any third party. If Lessee requires any of these coverages, then Lessee should contact an insurance agent or insurance company of Lessee’s choice to obtain personal liability insurance or renters insurance to protect Lessee’s interests.

3. Coverage under the LRIP may be more expensive than the cost of Required Insurance obtainable by Lessee elsewhere. At any time, Lessee may contact an insurance agent or insurance company of their choice for insurance options to satisfy the Required Insurance under this Lease. 4. If Lessee has purchased Renters Insurance and at any time allows such Renters Insurance to lapse in breach of the Lease Agreement, Lessor may purchase LRIP without notice and add the total cost associated therewith to Lessee’s monthly rent payment.

5. Licensed insurance agents may receive a commission on the LRIP. 6. Landlord may have a profit interest or ownership of the insurance company taking the risk of the LRIP. 7. The total cost to the Lessee for the Lessor obtaining LRIP shall be ten dollars ($12.00) per month. This is an amount equal to the actual premium charge to the Lessor including any premium taxes and fees due to state governing bodies and also includes a two dollar ($2.00) administrative expense fee for the expense of processing monthly payments and administering this program. There is no other fees, cost or charge added to or included within this total cost.

8. In the event that loss or damage to Lessor’s property exceeds the amount recovered from LRIP or Required Insurance, Lessee shall remain contractually liable to Lessor for such amount. In the event of liability to any other party for bodily injury or property damage, Lessee shall remain liable to such other party. 9. It shall be the Lessee’s duty to notify Lessor of any subsequent purchase of personal liability or Renters Insurance.

10. Failure to provide evidence of coverage and list the Community as Additional Interested Party and/or Certificate Holder by any Third-Party Carrier will result in “force placed insurance” and therefore constitute a violation of your Lease Contract and will result in a Non-Compliance Administrative Fee of $75.00.

As used in this Addendum: “Lease” may be interchangeable with “Lease Agreement”; “Lessee” may be interchangeable with

“Resident” or “Tenant”, and “Lessor” may be interchangeable with “Landlord” or “Owner”. Scheduling of the premises under the LRIP is not mandatory and Lessee may purchase Required Insurance from an insurance agent or insurance company of Lessee’s choice at any time and coverage under the LRIP will be terminated by the Lessor. Lessee Signature Date

Lessee Signature Date

Rev 04.29.2021

LeaseAddendumLUPP

Signature Details

Signer IP Address Date Signed

1 Paula T Wright

Primary (13184738)

76.18.16.184 08/31/2023 10:07:22 AM

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