1.  All sales and permitted leases must comply with the applicable provisions of the Declaration, By-Laws, Condominium Property Act and County ordinances. 
    
2. A "Permitted Lease" is one which is allowed pursuant to Section 2.12 of the Declaration. There is a limit of five percent (5%) leased units. Owners must reside in the community for a minimum of three years prior to turning the unit over for rental unless they can provide legitimate financial hardship prior to leasing the unit. The determination of whether a hardship exists lies solely with the Board. In the event five percent (5%) or more of the units are being leased at any one time, an owner must establish a legitimate hardship prior to leasing the unit.
    
3. Leasing of any unit by future owners, and only for the reason of hardship, will require the determination of the Board of Directors, not the Unit Owner, as to hardship, and final approval of the lease by the Board of Directors. All lease agreements will be for a term of no longer than one (1) year. Renewal of a lease will require the re-determination of the Board of Directors, not the Unit Owner, as to hardship and re-approval of the lease by the Board of Directors.
    
4. Any Unit Owners given approval to lease their units must provide to the Board, to be received at the management company office prior to the tenant taking occupancy, a copy of the lease agreement, and the Unit Owner's new forwarding address. Unit Owners must update the management company with all forwarding addresses as they change.
    
5. Unit Owners are responsible for supplying their tenants with a copy of the Rules and Regulations. Written acknowledgement must be obtained at the management company office of the tenant's agreement to abide by these Rules and Regulations prior to the tenant taking occupancy. Refer to Exhibit "D" for Rider to Lease. Unit Owners will be held financially responsible for any violation of such Rules and Regulations by their tenants and their tenant's pets, guests and guests' pets.

 If you have questions about leasing your Townhouse please contact Bob Moravec