IMPERIAL REALTY PARTNERSHIP, L.L.P.
P.O. Box 576
Succasunna, NJ 07876











HAND DELIVERED



January 7th, 2005




Donna Thurston and Scott Reed
198 Winona Lakes
East Stroudsburg, PA 18301

Premises:

200-B Axford Ave.
204 Axford Ave.
Oxford, NJ 07863




Dear Donna and Scott:


Enclosed please find your security refund regarding the above premises as follows:

                       
                  SECURITY AMOUNT     $ 1170.00
 12/1/01 to 12/1/04 - 1% Interest     $   35.10
       204 Axford SECURITY AMOUNT     $  200.00

__________________________________________________
                           TOTAL      $  1405.10
Deductions:
         snake drains 204 Axford     -$   200.00
Early penalty to rerent as rental    -$   350.00
cost of advertising as per           -$    50.00
cast to clean reridgerater 200-b     -$   100.00
__________________________________________________
                       Total Due      $   705.10


Very truly yours,









William Imperial, Landlord