Read and sign the end of the form:
1. Poss
ession of Key: Each keyholder may possess ONE KEY at a time. If a key is lost or requires replacement for any
reason, the replacement cost for the key shall be the replacement price set forth in the lease.
2. Current Update Code: The
key has an update code that expires daily to prohibit further use of the key until a new
current update code is obtained from Supra or the administrator (ORRA) (as defined in the Administration
Agreement) and entered into the key. Update codes shall be issued only to keyholders in good standing with the
organization. A keyholder is in good standing if he or she is in full compliance with all obligations related to the
Service, including, without limitation, the Administrator’s (ORRA) membership terms and these rules and
regulations.
3. Security of Equipment: It
is necessary to maintain the security of each key and the Personal Identification Number
(“PIN”) of each key to prevent the use of the key by unauthorized persons. Each party in possession of a key,
whether such key is being actively used or not, shall abide by the following conditions:
a. To keep the key in such party’s possession or in a safe place at all times;
b. No
t to allow the PIN for the key to be attached to the key for any purpose whatsoever or to be disclosed to
any third party;
c. Not to lend or otherwise transfer the key to any other person or entity, or permit any other person or entity to
use the key for any purpose whatsoever, whether or not such other person or entity is a real estate broker or
sales person;
d. Not to duplicate the key or allow any other person to do so;
e. Not to assign, transfer or pledge the key;
f. Not to destroy, alter, modify, disassemble or tamper with the key or knowingly or unknowingly allow anyone
else to do so;
g. To notify the administrator (ORRA) immediately in writing, and in any event within 48 hours, of a loss or theft
of the key or any KeyBoxes, and of all circumstances surrounding such loss or theft;
h. To complete and deliver to the administrator (ORRA) a stolen key affidavit (provided upon request by ORRA)
prior to and as a condition of the issuance of a replacement key;
i. To follow all additional security procedures as specified by the administrator (ORRA); and
j. To safeguard the code for each KeyBox from all other individuals and entities, whether or not they are
authorized users of the Service.
4. Authorization: Be
fore a KeyBox is installed or used on any piece of real property, prior written authorization to
install or use a KeyBox must be obtained from the property owner, as well as from any tenant(s) in possession of
the property, if applicable. Extreme care shall be used to ensure that all doors to the listed property and the
KeyBox are locked. All owners and/or tenant(s) of real property shall be informed that the KeyBox is not designed
or intended as a security device.
5. Statement of Administrative Procedures and Operating Standards:
Each keyholder and the organization
acknowledges that the use of the service is also subject to the terms and conditions of the administration
agreement and that failure of supra or the administrator to perform any of their respective obligations under the
administration agreement may detrimentally affect such party’s use of the service. Each keyholder and the
organization expressly waives any right to exercise any right or remedy arising under, relating to or by virtue of any
default by any person under the administration agreement and/or under any other agreement executed and
delivered in connection with the use or leasing of the service. Each keyholder and the organization further
acknowledges and agrees that the administrator may exercise any remedies any of them may have under the
administration agreement.
6. Acknowledgment: Ea
ch party using a key, KeyBoxes or the service hereby acknowledges that neither the service,
the KeyBoxes nor the keys, or any other Supra product used in connection with the service is a security system. The
service is a marketing convenience key control system, and as such, any loss of keys or disclosure of personal
identification numbers compromises the integrity of the service and each party agrees that it will use its best efforts
to insure the confidentiality and integrity of all components of the service.
