Rental / Lease Policies
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Letter from the Board of Directors regarding
Rental or Lease of residential property
within Laurel Lakes
June 8, 2016
In an effort to update our master name and address file we are sending this letter to all homeowners in the Laurel Lakes community. We assume many of you use your Laurel Lakes property as a second home, however, there are others that are renting their property.
In August 2015, the Board of Directors adopted a revised rental covenant for our community. For your convenience the entire covenant is listed below:
The covenant reads as follows:
"7.15 RENTAL CAP. OWNERS may rent or lease their DWELLINGS, as long as, the total number of DWELLINGS rented or leased within the SUBJECT PROPERTY does not exceed ten (10%) percent of all DWELLINGS within the SUBJECT PROPERTY.
7.16 USE, RENTALS. LOTS shall be used for single-family residential purposes only. The BOARD will have right to approve or deny a lease or rental agreement. OWNERS may rent or lease DWELLINGS provided that (a) the term of the lease or rental is a minimum of one (1) year; (b) OWNER delivers ten (10) days prior written notice of the lease or rental agreement to the MASTER ASSOCIATION, together with a copy of the written lease or rental agreement; (c) the tenant(s) completes such informational form(s) as may be required by the MASTER ASSOCIATION and OWNER delivers same to the MASTER ASSOCIATION prior to commencement of the tenancy; (d) the agent or OWNER shall conduct a background check on the tenant(s) and occupants of the home and shall provide a copy of the information to the MASTER ASSOCIATION with the rental application; (e) a $50.00 non-refundable application fee shall be submitted with the rental application prior to approval by the MASTER ASSOCIATION; and (f) the MASTER ASSOCIATION shall have the right to enforce its Rules and Regulations and the restrictions set forth in this MASTER DECLARATION against such tenant(s) and the OWNER, but without any obligation to do so against tenant, such enforcement being the sole responsibility of the Owner.
7.16.01 An OWNER who has leased or rented their DWELLING shall be prohibited from using the common area amenities during such time as the DWELLING is rented or leased.
7.16.02 Tenants are permitted a maximum of four (4) guests. This provision may be waived when a tenant has submitted a request to the BOARD at least forty-eight (48) hours in advance and the BOARD has approved the tenant’s requested number of guests.
7.16.03 A tenant’s failure to comply with the MASTER DECLARATION, BYLAWS, ARTICLES, Rules or Restrictions may result in the tenant’s eviction as deemed necessary by the BOARD and shall be at the OWNER’s expense.
7.16.04 The BOARD shall have the authority to promulgate reasonable Rules and Restrictions with regard to leasing and renting, including but not limited to, approvals and denials, subleasing, security deposits, and hardship exemptions.
7.17 RULES AND REGULATIONS. Reasonable rules and regulations concerning the maintenance and use of the SUBJECT PROPERTY may be made and amended from time to time by the MASTER ASSOCIATION, through its BOARD. Copies of such rules and regulations and amendments shall be furnished by the MASTER ASSOCIATION to any OWNER or MEMBER upon request."
There are 321 homes in Laurel Lakes and the maximum number of rental properties at any one time is 10% or 32 homes which is defined in our rental covenant, Section 7.15. However, the Board of Directors has provided a “grandfather” status to all homeowners who were renting their property prior to August, 2015. This means your property is part of the 32 rental home limit pool.
In order to retain your status, a rental application for your tenant(s) must be completed and submitted within 45 days from the date of this letter in order to retain your “grandfathered” rights. However the background check and $50 processing fee is waived for owners who were renting their homes before August, 2015. When a tenant moves, the “grandfather” status will be retained by the owner. If rental of the home to a new tenant does not occurred within a 12 month timeframe, the “grandfather” clause is voided. “Grandfathered” homes do not pass to new ownership.
The completed rental application forms can be emailed to the Board at the following address: [email protected]
All homeowner rentals to new tenant(s), which include “grandfathered” homes, are required to submit a rental application, background checks on all tenant(s) and occupants and a $50 processing fee, all of which must be sent to Michael Amerine, Property Manager for the Laurel Lakes, Association. The property manager will present the documents to the board for their approval.
There are no exceptions as we are required to follow Florida statutes. Homeowners who were not renting their home before August, 2015 and owners who bought property after August, 2015 are not “grandfathered” and will be subject to the maximum rental allotment. The date of your application sent to Argus Property Management determines who the board will consider first and if in fact the rental allotment is at the maximum, subsequent applications will not be considered.
The rental covenant and the required Laurel Lakes application form can be found on the Laurel Lake web site under the heading Docs/Forms.
The Board of Directors
Thank you for your cooperation.
In August 2015, the Board of Directors adopted a revised rental covenant for our community. For your convenience the entire covenant is listed below:
The covenant reads as follows:
"7.15 RENTAL CAP. OWNERS may rent or lease their DWELLINGS, as long as, the total number of DWELLINGS rented or leased within the SUBJECT PROPERTY does not exceed ten (10%) percent of all DWELLINGS within the SUBJECT PROPERTY.
7.16 USE, RENTALS. LOTS shall be used for single-family residential purposes only. The BOARD will have right to approve or deny a lease or rental agreement. OWNERS may rent or lease DWELLINGS provided that (a) the term of the lease or rental is a minimum of one (1) year; (b) OWNER delivers ten (10) days prior written notice of the lease or rental agreement to the MASTER ASSOCIATION, together with a copy of the written lease or rental agreement; (c) the tenant(s) completes such informational form(s) as may be required by the MASTER ASSOCIATION and OWNER delivers same to the MASTER ASSOCIATION prior to commencement of the tenancy; (d) the agent or OWNER shall conduct a background check on the tenant(s) and occupants of the home and shall provide a copy of the information to the MASTER ASSOCIATION with the rental application; (e) a $50.00 non-refundable application fee shall be submitted with the rental application prior to approval by the MASTER ASSOCIATION; and (f) the MASTER ASSOCIATION shall have the right to enforce its Rules and Regulations and the restrictions set forth in this MASTER DECLARATION against such tenant(s) and the OWNER, but without any obligation to do so against tenant, such enforcement being the sole responsibility of the Owner.
7.16.01 An OWNER who has leased or rented their DWELLING shall be prohibited from using the common area amenities during such time as the DWELLING is rented or leased.
7.16.02 Tenants are permitted a maximum of four (4) guests. This provision may be waived when a tenant has submitted a request to the BOARD at least forty-eight (48) hours in advance and the BOARD has approved the tenant’s requested number of guests.
7.16.03 A tenant’s failure to comply with the MASTER DECLARATION, BYLAWS, ARTICLES, Rules or Restrictions may result in the tenant’s eviction as deemed necessary by the BOARD and shall be at the OWNER’s expense.
7.16.04 The BOARD shall have the authority to promulgate reasonable Rules and Restrictions with regard to leasing and renting, including but not limited to, approvals and denials, subleasing, security deposits, and hardship exemptions.
7.17 RULES AND REGULATIONS. Reasonable rules and regulations concerning the maintenance and use of the SUBJECT PROPERTY may be made and amended from time to time by the MASTER ASSOCIATION, through its BOARD. Copies of such rules and regulations and amendments shall be furnished by the MASTER ASSOCIATION to any OWNER or MEMBER upon request."
There are 321 homes in Laurel Lakes and the maximum number of rental properties at any one time is 10% or 32 homes which is defined in our rental covenant, Section 7.15. However, the Board of Directors has provided a “grandfather” status to all homeowners who were renting their property prior to August, 2015. This means your property is part of the 32 rental home limit pool.
In order to retain your status, a rental application for your tenant(s) must be completed and submitted within 45 days from the date of this letter in order to retain your “grandfathered” rights. However the background check and $50 processing fee is waived for owners who were renting their homes before August, 2015. When a tenant moves, the “grandfather” status will be retained by the owner. If rental of the home to a new tenant does not occurred within a 12 month timeframe, the “grandfather” clause is voided. “Grandfathered” homes do not pass to new ownership.
The completed rental application forms can be emailed to the Board at the following address: [email protected]
All homeowner rentals to new tenant(s), which include “grandfathered” homes, are required to submit a rental application, background checks on all tenant(s) and occupants and a $50 processing fee, all of which must be sent to Michael Amerine, Property Manager for the Laurel Lakes, Association. The property manager will present the documents to the board for their approval.
There are no exceptions as we are required to follow Florida statutes. Homeowners who were not renting their home before August, 2015 and owners who bought property after August, 2015 are not “grandfathered” and will be subject to the maximum rental allotment. The date of your application sent to Argus Property Management determines who the board will consider first and if in fact the rental allotment is at the maximum, subsequent applications will not be considered.
The rental covenant and the required Laurel Lakes application form can be found on the Laurel Lake web site under the heading Docs/Forms.
The Board of Directors
Thank you for your cooperation.