CONDOMINIUM  UNIT  LEASING  POLICY

The Board shall not apply quotas prohibiting any Co-Owner from leasing their condominium unit.  The Board shall approve leasing requests, providing Co-Owner compliance with the approval conditions below.

·      Compliance with the Michigan Condominium Act and all Woodlore Condominium Association documents.

·      Co-Owner is not in arrearage to the Woodlore Condominium Association for any assessments.

·      Lease agreement shall not be shorter than six months in duration.

·      Co-Owner shall provide a copy of the proposed lease and the Woodlore Lease Addendum (see the attached form) to the Association for review and approval ten days before presenting said lease to the potential lessee.

·      Co-Owner shall provide the names and contact information of all tenants and residents to occupy the condominium unit under said lease.

Co-Owners are liable for violations committed by their lessee or non-owner resident.  The Association may hold the Co-Owner liable for damages caused by the lessee or resident and may evict the tenant or resident.

Addendum to lease agreement between:

__________________________     and     ________________________
        (Co-Owner - PRINT)                                     (Tenant - PRINT)

_________________________________________    Livonia  MI  48152
        (Condominium Street Address)

Date of Lease:  _______________________________________
 

The following provisions shall be incorporated into the above referenced Lease as fully as if set forth therein:

1. USE OF THE PREMISES:  The Premises shall be used only as a single-family residence and for no other purpose.  Tenant shall not cause or permit any noise, disturbance or nuisance whatsoever on the Premises.

2. PROVIDE CONDOMINIUM DOCUMENTS:  The Co-Owner shall provide the Tenant with a copy of the following documents:  Michigan Condominium Act, Woodlore Condominium Association Master Deed, Woodlore Condominium Association Condominium Bylaws, Woodlore Condominium Association Rules and Regulations.  The Co-Owner shall provide copies of changes to said Condominium Documents as they may from time to time be changed or amended.

3. COMPLIANCE WITH CONDOMINIUM DOCUMENTS: Tenant’s right to use and occupy the Premises shall be subject and subordinate in all respects to the provisions of the Michigan Condominium Act, the Woodlore Condominium Association Master Deed and Condominium Bylaws (and any other document referred to in the Master Deed or Bylaws which affects the rights and obligations of a co-owner) of the Woodlore Condominium Association and to such other rules and regulation as the Board of Directors of the Woodlore Condominium Association may from time to time promulgate (“Rules and Regulations”), including those attached hereto.   Failure by Tenant or any person on the Premises of Woodlore Condominium as a result of Tenant’s occupancy to comply with the provisions of the Woodlore Condominium Association Documents or the Rules and Regulations shall constitute a material breach of this Lease. Tenant shall indemnify the Woodlore Condominium Association against and hold it harmless from any damages, direct or indirect, incurred by Co-Owner as a result of the noncompliance by any of the aforesaid persons with the provisions of the Michigan Condominium Act, Woodlore Condominium Documents, Rules and Regulations, or any covenant of this Lease.

4. ASSIGNMENT AND SUBLETTING: Tenant shall not assign said Lease in whole or in part sublet all or any portion of the Premises.

5. INSPECTION: The Co-Owner, the Woodlore Condominium Association, or their agents shall have the right to enter the Premises at any reasonable time and upon any reasonable notice for the purpose of inspecting the Premises or for the purpose of making necessary repairs. In the event of an emergency, the Woodlore Condominium Association shall be permitted to enter the Premises without notice for any purpose reasonably connected with the emergency.

6. INDEMNIFICATION: The Woodlore Condominium Association shall not be liable for any damage or injury occurring on or about the Premises to Tenant, his familymembers, guests or invitees, or to any personal property whatsoever that may be on the Premises, except in the case of their failure to perform, or negligent performance of, a duty imposed by law. Tenant hereby agrees to protect, indemnify and hold the Woodlore Condominium Association harmless from and against any and all loss, costs, expense, damage or liability arising out of any accident or other occurrence on the Premises or any part thereof, or in any common area, causing injury to any person or property whomsoever or whatsoever, no matter how caused, except in the case of the Woodlore Condominium Association’s failure to perform, or negligent performance of, a duty imposed by law.

7. ASSESSMENT ARREARAGE:  When a Co-Owner is in arrearage to the Woodlore Condominium Association for assessments, the Association may give written notice of the arrearage to a tenant occupying a Co-Owner’s condominium unit under a lease agreement, and the tenant, after receiving the notice, shall deduct from lease payments due the Co-Owner the arrearage and future assessments as they fall due and pay them to the Woodlore Condominium Association.  The deduction shall not constitute a breach of the lease by the tenant.

The parties have executed this Addendum  _____________________
                                                                                     Date

CO-OWNER  _________________________     __________________
                             Co-Owner Signature                            Phone #