Rental Policy

Terms and Conditions

Rentals are permitted in Pond’s Edge Association providing the following terms and conditions are met:

  1. The Tenant must sign a lease agreement for a minimum initial term of one year.

  2. The lease must specify the following:

    1. The Tenant agrees to use the premises solely as a personal residence.

    2. The premises may be occupied only by members of the Tenant’s immediate family and others whose names are specified in the lease agreement. The Lease must be signed by all adult occupants of the premises.

    3. Neither the Tenant nor Landlord may sublet or assign the leased premises or any portion of the leased premises.

    4. The Tenant agrees to provide access to the premises to the homeowners association or its agents at reasonable times, upon request, for the purpose of maintenance, repair or replacement of common elements as described in the Ponds Edge Declaration of Easements, Covenants and Restrictions and for enforcement of any provisions of the Pond’s Edge Rules and Regulations.

    5. The Tenant agrees to comply with all rules and regulations set forth by the Pond’s Edge homeowners association as well as with the Pond’s Edge By-Laws.

  3. The Landlord provides the Tenant with copies of the Ponds Edge Rules and Regulations and the Ponds Edge Declaration of Easements, Covenants and Restrictions prior to the Tenant occupying the premises and the Tenant has acknowledged receipt of these documents no less than seven (7) business days prior to the Tenant occupying the premises. All association rules and regulations can be found on the homeowners association website, www.pondsedgecondos.org

  4. Any lease renewal must be in compliance with Section 1b above.

Rules Violations

    1. The homeowner (Landlord) is responsible for ensuring compliance with all Pond’s Edge Rules and Regulations and the Pond’s Edge By-Laws.

    2. In the event of a rules violation by a Tenant, the homeowners association will send a rules violation letter to both the Landlord and the Tenant.

    3. If a Tenant fails to correct a rules violation and the homeowners association finds it necessary to issue a fine for the rules violation, the Landlord will be responsible for paying the fine. At the Landlord’s discretion, it is up to the Landlord to have the Tenant reimburse the Landlord for the cost of the fine.

Approval and Effective Date

The Ponds Edge Board of Directors approved this policy August 2009. The Board approved an effective date of August 1, 2009 and will strictly follow this Rental Policy going forward for all rentals in Pond’s Edge. Landlords with existing leases are required to comply with Section 1 and 2 above immediately upon receipt of this notice.

Unit Owners Information Privacy

Unit owners that are renting their property/properties are not to share Board members personal information with their tenants. The following information should not be shared with tenants:

  • Board members home address

  • Board members personal phone numbers

  • Board members personal emails

All official Association business is to be communicated between Unit owners/Landlords and the Association. It is the Owner/landlord responsible to communication all Association rules and regulations to their tenants.

Enforcement

The homeowners association will strictly enforce the Rental Policy, as defined above. Failure of any homeowner to follow the Rental Policy will be considered a rules violation. The Board of Directors reserves the right to assess fines on homeowners who do not comply with this Rental Policy.