General: Units may be leased only in their entirety.  No transient tenants may be accommodated in a Unit.  Notice of any lease, together with such additional information as may be required by the Board, shall be given to the Board by the Unit Owner at least seven (7) days prior to the date of execution of the lease, as required by Article X, of the Aragon Condominium Declaration.  The Owner must make available to the lessee copies of the Declaration, By-Laws, and the Rules and Regulations, and the lessee shall be subject to and shall comply with all the terms thereof.  The board may adopt reasonable rules regulating leasing and subleasing.  (Aragon Condominium Declaration, Article X.)

All Unit Owners who do not reside in a Unit Owned by them shall provide the Board with their permanent residence address and phone numbers where they may be reached in an emergency, both at home and at work.  Any expenses incurred by the Board in locating a Unit Owner who fails to provide such information shall be assessed to the Unit Owner as a common expense.  Unless otherwise provided by law, any Unit Owner who fails to provide such information shall be deemed to have waived the right to receive notices at any address other than the address of the unit and the Board shall not be liable for any loss, damage, injury or prejudice to the rights of any such Unit Owner caused by any delays in receiving notice resulting therefrom. 

The number of units being leased at any one time may not exceed 10 15.

Every lease shall be in writing and shall contain the following provision:  “This lease is subject to compliance by the LESSOR and the LESSEE, WITH ALL THE PROVISIONS OF THE DECLARATION, BY-LAWS, AND THE RULES AND REGULATIONS OF THE ARAGON CONDOMINIUM ASSOCIATION.”  The lease must list by name all the individuals who intend to live in the rental unit over the complete term of the lease.  If at any time during the term of the lease, any new individuals wish to live in the unit, they must first be approved by the Board of Directors.

The Unit Owner shall be responsible for providing his or her tenant(s) with the Unit Owner documents (i.e., Rules and Regulations, Declaration, etc.).  In addition, the Association shall be given a signed original lease prior to the occupancy date on said lease.  Any expenses incurred by the Association in obtaining these documents shall be assess to the Unit Owner responsible as a common expense.

All lessors shall file a copy of the lease for their units with the Managing Agent within ten (10) days of the beginning date of the lease.  The lease shall be in conformity with the Declaration of Condominium Ownership, By-Laws and Rules and Regulations, as amended from time to time.  Owners are responsible for acts of their tenants.  Such lease shall also have attached a “Rider of Lease.”

If a tenant violates any provision of the Declaration, By-Laws, Lease or Rules and Regulations, the Board at its discretion shall determine what actions or action should be taken against the Unit Owner and/or tenant, as the case may be.  When the Board, in its discretion, determines that a violation or series of violations warrant termination of the lease, the Board may take whatever action or actions are necessary to terminate the lease.

All expenses of the Board, in connection with any violations under these rules, shall be assessed to the account of the Unit Owner responsible.

Provisions herein which relate to the execution of new leases shall become effective upon the expiration of any lease which is currently in effect.  However, the requirements herein are effective immediately.  Unit Owners shall supply the Association with a photocopy of any existing lease no later than thirty days after the effective dates of these Rules.