Non-Compliance Fine:

If a Landlord fails to perform these requirements prior to leasing a condominium unit to a Tenant, the directors of the Corporation may, in their discretion, impose a reasonable fine not exceeding one hundred dollars ($100) for each such violation. The provision for the latter fine in no way limits any other actions the directors of the Corporation may take as allowed by these bylaws and applicable law.

Rental Rules for Raintree HOA

These rules are from the Amendment of Bylaws of Raintree Management Association, INC, recorded 06-11-2020. To view a full copy, Click Here.

21. LEASE OF CONDOMINIUM UNITS

A. Definitions: For purposes of this section, a "Tenant" is a person who leases a

Raintree condominium unit pursuant to a condominium rental agreement. For purposes of this section, a "Landlord" is a person who owns a Raintree condominium unit and leases it to a Tenant pursuant to a condominium rental agreement. For purposes of this section, a "Section 8 Tenant" is a person who receives federal rental housing assistance under Section & of the Housing Act of 1937 (42 U.S.C. § 14317).

B. Right of Landlords to lease their units: A Landlord may lease his or her Raintree condominium unit subject to the conditions, limitations, and restrictions in this section and all

other sections of the bylaws.

C. Liability of Landlords: Whenever a Raintree condominium unit may be leased, the Landlord shall be responsible for the actions and activities of his or her Tenants. If any Tenant violates any rule or bylaw of the Corporation or any condition or restriction provided in the RAINTREE CONDOMINIUM declarations, the Landlord is liable for damages caused by that person, and for any fines or assessments imposed by the Corporation as a result of the violation. Furthermore, if any Tenant violates any rule or bylaw of the Corporation or any condition or restriction provided in the RAINTREE CONDOMINIUM declarations the Landlord may be subject to a temporary or permanent injunction.

D. Notice: If a Tenant is in violation of any rule or bylaw of the Corporation or any condition or restriction provided in the RAINTREE CONDOMINIUM declarations, the Landlord will be notified by the Corporation in writing.

E. Corrective action: Within ten (10) business days of the date of a written notice given under Section 22(d) of these bylaws, the Landlord shall provide the Board of Directors a written plan to correct the violation referenced in the written notice.

F. Background checks prior to leasing a condominium unit: Prior to leasing a condominium unit to a Tenant, a Landlord shall do the following: provide a list to the Corporation of every person who will be residing with the proposed Tenant; conduct a criminal background check on the proposed Tenant and any person 18 years or

older who will be residing with the proposed Tenant; and conduct a credit check on the proposed Tenant. If requested, a Landlord wishing to lease a condominium unit to a Tenant shall provide the Corporation with a written confirmation that the above referenced criminal background and credit checks have been performed. A Landlord shall not lease a condominium unit to any convicted felon or person who will reside with a convicted felon.

If a Landlord fails to perform these requirements prior to leasing a condominium unit to a Tenant, the directors of the Corporation may, in their discretion, impose a reasonable fine not exceeding one hundred dollars ($100) for each such violation. The provision for the latter fine in no way limits any other actions the directors of the Corporation may take as allowed by these bylaws and applicable law.

G. Required lease terms: Any condominium rental agreement between a Tenant and Landlord shall state that the Tenant must abide by the rules and bylaws of the Corporation. It is the responsibility of the Landlord to make his Tenants aware of the Corporation's bylaws. This requirement in no way limits other Tenant restrictions a Landlord may include in the terms of a condominium rental agreement.

H. Register of Tenants: The Corporation shall at all times maintain a Register providing the names of all Tenants of all condominium units, and in the event of a change in tenancy, the Landlord shall notify the Corporation in writing of the change in tenancy within thirty (30) days thereafter.

I. Section 8 Tenants Prohibited: No Landlord may lease a Raintree Condominium units to a Section 8 Tenant.

Your tenant will not be given pool access until we have all the required documents.

Welcome to Saunders HOA Management, LLC 336-937-6275 info@SRealtyNow.com

Rental Rules For Raintree HOA

Mail Address: 2806 Reynolda Rd. MB# 223 Winston-Salem, NC 27106