AMENDMENT NUMBER TWO TO CHANGE IN CONTROL AGREEMENT (VERSION ONE)

                                                                    EXHIBIT 10.7

                              AMENDMENT NUMBER TWO
                                       TO
                           CHANGE IN CONTROL AGREEMENT
                                  (VERSION ONE)

                  This Amendment Number One is made to the Change in Control
Agreement by and between Post Properties, Inc., or "Post", and
_____________________, or "Executive";

                  WHEREAS, Post and Executive previously entered into a Change
in Control Agreement; and

                  WHEREAS, Post and Executive desire to adopt this Amendment
Number Two to amend Executive's Change in Control Agreement;

                  NOW, THEREFORE, Post and Executive hereby agree as follows:

                                   Section 1.

                  Section 2(a)(3) shall be amended to read as follows:

                           "(3)     (a) Each outstanding stock option granted to
                  Executive by Post shall (notwithstanding the terms under which
                  such option was granted) become fully vested and exercisable
                  on the date Executive's employment so terminates and shall
                  (notwithstanding the terms under which such option was
                  granted) remain exercisable for the remaining term of each
                  such option (as determined as if there had been no such
                  termination of Executive's employment) subject to the same
                  terms and conditions as if Executive had remained employed by
                  Post or a Post Affiliate for such term (other than any term or
                  condition which gives Post the right to cancel any such
                  option) and (b) any restrictions on any outstanding restricted
                  stock grants to Executive by Post immediately shall
                  (notwithstanding the terms under which such grant was made)
                  expire and Executive's right to such stock shall be
                  non-forfeitable;"

                                   Section 2.

                  This Amendment Number Two shall be effective as of June 1,
2003.

                                   Section 3.

                  This Amendment Number Two may be executed in counterparts,
each of which shall be deemed to be an original, but all of which together shall
constitute one and the same Amendment Number Two.

                  IN WITNESS WHEREOF, Post and Executive have executed this
Amendment Number One to Executive's Change in Control Agreement this ____ day of
____, 2003.

                                              POST PROPERTIES, INC.

                                              BY: ______________________________

                                              EXECUTIVE

                                              __________________________________



SCHEDULE: EXECUTIVE OFFICERS WITH VERSION ONE AMENDMENT NO. 2 TO CHANGE IN
CONTROL AGREEMENTS

Xxxxxx X. Xxxxxx
Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxx
Xxxxxx Xxxxx Xxxxx

                                      -2-