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Leasing Policy

LAKEVILLE COMMUNITY ASSOCIATION, INC.
COMPREHENSIVE LEASING POLICY
Effective Date:  October 1, 2016
 
Lakeville Community Association, Inc. (“Association”) hereby implements the following Comprehensive Leasing Policy (“Policy”) to govern all lease agreements of residences, including any lease renewals (hereinafter referred to as “Lease(s)”), within the Lakeville subdivision (“Subdivision”):
  1. All Leases for residences within the Subdivision must be:
  1. in writing;
  2. six (6) month term or longer; and
  3. subject to all dedicatory instruments of the Lakeville Community Association, Inc., including but not limited to, the Declaration of Covenants, Conditions, and Restrictions (“Declaration”), By-Laws, and all other rules and regulations promulgated by the Board of Directors.
  1. All Leases must rent the entire residence; no partial rentals of homes are permitted.  Owners are forbidden from using any service, whether in print, broadcast, hosted website, or otherwise, that advertises the partial rental (including AirBnB, VRBO and others).  This restriction on partial rentals controls regardless of the nomenclature used to describe such arrangements, including any service provider’s attempt to characterize the arrangement as “host and guest” or similar language.  The Association considers such arrangements purely commercial in nature that constitute an impermissible use of the residence and a violation of the single-family requirement found in the Declaration.
  1. No transient or hotel Leases are permitted.  “Transient or hotel leasing” means leasing of a residence for singular and/or blocks of days less than the minimum term set forth herein, including weekend rentals, bed-and-breakfast accommodations, or other arrangements whereby the occupants of the residence are provided customary hotel services and/or temporary occupancy of the residence.
  1. For all Leases executed upon or after the Effective Date of this Policy, within thirty (30) days following lease execution, the Owner of the residence shall report to the Association the following information regarding the Lease:
  1. Name(s) of all tenant(s) including any minor children occupying the residence;
  2. Emergency contact phone number for tenant(s);
  3. Term/duration of Lease;
In lieu of producing the above information, the Owner can also submit a copy of the executed lease to the Association.  For any multi-year Lease, the Owner shall notify the Association on an annual basis of any changes to the above information, unless the Owner voluntarily provides a copy of the Lease to the Association to be included in Owner’s file (although nothing herein requires the Owner to provide a copy of the Lease).  
 
All information obtained by the Association pursuant to this Policy will be added to the Owner’s file and remain confidential, pursuant to record retention and production laws and/or the requirements of any dedicatory instrument, as applicable.
 
  1. This Policy supersedes all other leasing policies, rules and/or regulations to the extent that they conflict with the Policy, and the Policy shall control.
CERTIFICATION