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Lease
Rider Leasing of units is prohibited at The Manorhomes of Spring Lake Condominium Association #2. Leases in existence as of the date of the passage of these rules, May 30th, 2002, are permitted. However, upon the termination of the lease, the unit may no longer be leased. With respect to those "grandfathered" leases: ALL
OWNERS MUST: All leases must be in writing and for a period of not less than one year. All leases must be in conformance with, and make specific reference to, the legal documents of the Association. The property owner is ultimately responsible for his tenants to abide by all provisions and restrictions imposed by the Association's legal documents, whether he resides in the unit or not. If a tenant violates the documents or rules and regulations, the owner shall also beheld responsible. All tenants must be given a copy of the legal documents and any rules or regulations that have been adopted by the Association's Board of Directors. Tenants should be informed that this information is being provided to them because they are a part of the Association by virtue of their residency and are obligated to obey the provisions of the documents. All tenants should be advised of the operational structure of the Association, that a portion of their rent is used to pay the monthly Association assessment on the unit and what the assessment is used for. All tenants must sign a lease rider acknowledging receipt of copies of all the legal documents. Increasingly many Association boards are encouraging tenants to participate on the committee structure of the association. Even though the tenant has no vote on Association matters, by virtue of their residence they are a part of the community and may be allowed and encouraged to participate in the Association's activities. The unit owner is absolutely obligated to pay all of the condominium fees; since they are a covenant running with the land, all special assessments of the Association; increase in taxes, move-in charges; maintenance costs; or any special fees or charges imposed by the Association. All leases must included provisions for the tenant obeying the By-Laws, Declaration and Rules and Regulations of the community, including the payment of any fines for rule violations, written legal termination procedure, penalties for late rent payment, method and location of rent payment, security deposit return and deduction procedure, with a written acknowledgement by the tenant that he has received and accepts all of the conditions. Make sure the tenant has the following: Access to recreation and parking areas Keys to mailbox and common areas. Community handbooks. Emergency numbers. Landlord address and telephone number. Any violations of the Declaration, By-Laws, or these rules and regulations may result in a flat or daily fine or in mor3e serious situations, eviction proceedings. All fines, costs and legal fees will be charged to the unit owner. Non Compliance: The Board reserves the right to prohibit a tenant from occupying a unit until the owner complies with all leasing requirements. The Board reserves the right to initiate legal proceedings against the tenant and/or the owner for breach of any of the rules. Lease
Rider
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