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6. Residence and Rent. Throughout the term of this Agreement, Resident Managers
shall reside in Unit No.106, or in such other unit at the Premises . . . Owner’s sole
discretion[ may] designate. Resident Managers’ residency at the Premises is required
for the convenience of Owner. Owner and Resident Managers agree that at the present
time, the reasonable, fair and ordinary rental value for Resident Managers’ said existing
unit is $780.00 per month, but Resident Managers shall only be required to pay rent of
$710.00 per month, payable in advance on the first day of each month so long as this
Agreement is in effect and unmodified . . . . [¶] . . . [¶]
7.1 Resident Managers’ sole and exclusive collective compensation under this
Agreement for all hours worked pursuant to paragraph 4 hereof shall be the gross sum of
$710.00 per month less any amounts required to be deducted by any governmental
authority. Owner shall pay one-half of said compensation to Resident Managers on a
semi-monthly basis. [¶] . . . [¶]