AMENDMENT TO BYLAWS OF BROOKRIDGE CONDOMINUUM
SELLING, MORTGAGING AND LEASING UNITS
Section 1. Selling and Leasing of Units.
A. Sale of Unit. Upon written notice to the Board of Managers, a Unit Owner may sell his or her Unit provided the proposed use by the transferee is consistent with the Declaration and Bylaws of the Condominium. There is no right of first refusal in these Bylaws; however, no unit may be sold until the common charges are paid to date and current, and at every closing of title, the Unit Owner-Seller must obtain a statement from the Condominium Managing Agent that the common charges are current through the month of the closing date.
B. Lease of Unit. Any Unit Owner seeking to lease his or her Unit shall provide the Board of Managers with not less than thirty (30) days written notice and a copy of the proposed lease for the Unit. Any lease for a Unit must be at least 180 days in duration and must be for the entire Unit as defined in the Declaration. No lease for a part of a unit (room or basement area) is permitted. No Unit may be leased unless all common charges are paid to date and current. Subleasing is prohibited.
Any Unit Owner seeking to lease shall also submit a completed Leasing Package (provided by the Condominium Managing Agent) and payment of the non-refundable Lease Fee and refundable Damage Deposit set forth therein. Once the proposed lease and completed Leasing Package and Fee have been submitted, the Board of Managers shall have thirty (30) days to review the documents and notify the Unit Owner of the Board’s decision with respect to the proposed lease and issue a statement or certificate that the proposed lease of the Unit is acceptable. The Board of Managers may decline approval of any proposed lease.
The terms “lease” or "leasing" as used herein means the conveyance of a Unit by the Unit Owner to another for a fixed period of time for use as a residential dwelling for which the Owner receives any consideration or benefit, including, but not limited to, a fee, service, gratuity, or emolument. A lease for use of any Unit as temporary or transient housing, hotel, motel, vacation rental, or bed and breakfast shall be considered "business use" and is expressly prohibited.
A statement or certificate, executed and acknowledged by the Condominium, stating that the provisions of Section 1 of this Article XI have been met by a Unit Owner shall be conclusive proof upon the Board of Managers and the Unit Owners in favor of all persons who rely thereon in good faith. Such certificate shall be furnished to any Unit Owner who has, in fact, complied with the provisions of Section 1 of this Article XI.
Violation of this provision of the Bylaws shall result in fines and such other action as may be deemed, by the Board of Managers of the Condominium, necessary, lawful and in compliance with the Declaration and Bylaws of the Condominium.
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BROOKRIDGE CONDOMINIUM
Leasing Package
for the Lease of Condominium Units
Prior to every lease of a Unit at Brookridge Condominium, the Unit Owner shall provide not less than thirty (30) days-notice in the form provided herein, and shall complete and provide all documents included in this Leasing Package.
Note that common charges must be paid to date before a leasing package will be reviewed.
The completed package must be submitted to the Condominium’s Managing Agent: _______________________________________________________ via e-mail transmission. Any questions should be directed to _____________________ at __________________________. Incomplete leasing packages will not be reviewed.
The following documents shall be prepared, executed, and submitted:
1) Notice of Intent to Lease a Condominium Unit, signed by Unit Owner
2) Owner / Tenant Acknowledgment of receipt of Declaration, Bylaws and Rules and Regulations
3) Insurance Coverage Acknowledgment
4) Indemnification
5) Copy of one form of government issued photo identification (driver’s license, passport,
state identification card) for each adult tenant.
6) Condominium Lease Rider
The following fees must be paid with submission of the Leasing Package
1) Non-refundable Lease Fee in the amount of $100 payable to Brookridge Condominium.
2) Refundable Security Deposit for Common Areas in an amount equal to one month’s common charges for the Unit.