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3. Agent agrees to furnish its services and to operate and manage the <br />Property in all instances under the supervision of Owner. <br />4. Agent shall operate and maintain the Property commensurate with <br />standards required for similar properties in similar communities and <br />markets and in strict accordance with (1) government regulations, (ii) tax <br />credit compliance rules (iii) requirements of all funding sources (iv) <br />Property restrictions and (v) the Management Plan for the applicable <br />calendar year which includes property specific performance standards. <br />5. Day -to -day operations of the Property will be under the direct supervision <br />of the Property Manager (PM) who will report to the Property Supervisor <br />designated by the Agent. <br />6. A senior management person shall be the Agent's representative in <br />reporting to the Owner. <br />7. The Owner shall appoint a key contact person or liaison to represent the <br />Owner in regular communications with the Agent. <br />8. There will be regular meeting times between the Owner and the Agent for <br />the purpose of reviewing policies, management procedures, tenant <br />relations, and budget control. Owner and Agent will work jointly to <br />establish any changes in the policies and procedures. Should it become <br />necessary to alter these policies, the Agent will not do so without the prior <br />approval and consent of the Owner. <br />9. To the extent practicable, Owner's concerns and suggestions shall <br />generally be communicated to the Agent's senior management <br />representative or Property Supervisor who shall issue instructions to the <br />Property Manager. <br />10. Unless instructed otherwise in writing by tenant, a copy of all property <br />management notices regarding lease or house rules violations will be sent <br />to the RSC. This gives the RSC time to intervene and/or advocate on <br />behalf of the tenant. Outside case managers will also be provided these <br />documents unless otherwise instructed in writing by the tenant. <br />11. As described in the Management Agreement, the annual operating budget <br />for the Property will be prepared by the Agent and approved by the <br />Owner. In the event that items need to be purchased that either were not <br />budgeted, or that would bring the Property over budget the Agent will <br />promptly inform the Owner who will review and approve such additional <br />purchases. <br />Exhibit H - 6 - <br />