1. Owners must provide a copy of the rental/lease application to McNeil Management.
2. Owners are obligated to ensure that tenants are provided with copies of this document, as well as the deed restrictions listed on the website, and that their tenants understand their obligation to follow all rules and regulations. As the owner, you are responsible for the actions of your tenants.
3. Lease Restrictions:
a. A dwelling may not be rented or leased during the first two years (24 months) of ownership of the dwelling.
b. All leases or rentals must be for a minimum of one year (12 months), and no more than one lease per 12-month period is permitted.
c. Prior to the execution of any rental/lease application, the owner shall provide a copy of the rental/lease agreement to the Board, with the expiration date clearly noted, to update the Association’s records.
d. A dwelling which is rented/leased shall be defined as any dwelling which is occupied by anyone other than the record owner, or his/her spouse, by which there is an exchange of money.
e. Only the entire dwelling may be rented/leased. Occupancy shall be by no more than two persons per bedroom.
f. In the event the owner becomes delinquent in the payment of any assessments due to the Association during the term of the rental/lease agreement, upon written demand by the Association, tenant shall pay directly to the Association rental payments due to the owner. The Association shall be granted the full right and authority to demand and receive the entire rent due from the tenant and deduct from the rent all assessments, interest, late charges and attorney’s fees and costs, if any, due to the Association. The balance, if any, shall be forwarded to the owner at such address as the owner may designate in writing. At such time as the delinquency no longer exists, the Association shall cease the demand and payments shall again be made by the tenant directly to the owner. This right may be exercised by the Association at any time the owner shall become delinquent.
Note: Lease restrictions do not apply to Owners who are allowing relatives to live within the dwelling (without the exchange of money) where the Owner is not residing, however Owner must submit a letter to the Board regarding the situation or arrangement.