SUN TERRACE AT LAKE CATHERINE HOA LEASE APPROVAL

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1 LEASE APPROVAL The Association shall review the proposed Lease Application within thirty (30) days of receipt of required information, documents and fees. A Certificate will be issued indicating the Association s approval of the transaction. Any and all lease agreements between an Owner and a Lessee shall be in writing shall provide for a term of not less four (4) months and must provide that the lessee shall be subject in all respects to the terms and provisions of the governing documents. Please ensure all required items are submitted doing so will ensure the application is processed in a timely manner. APPLICANT must submit Completed Application: Application will not be completed without owner and lessee signatures Signed Prospective Lessee Acknowledgement Signed Lessee Provision Signed Vehicle Registration Signed copy of Lease Contract: Lease must include a provision that states lessee is Subject to the Association s Protective Covenants, By-Laws, Articles of Incorporation, and Rules and Regulations $ Application Fee (non-refundable) made payable to Banyan Property Management (payment must be by a certified bank check or money order) $ Application Fee (non-refundable) made payable to Sun Terrace at Lake Catherine HOA (payment must be by a certified bank check or money order) Items must be submitted to Banyan Property Management 2328 South Congress Avenue, Suite 1-C West Palm Beach, FL Thank you in advance for your cooperation in following this process. If you have any questions please call Banyan Property Management at or applications@banyanproperty.com

2 Application for Lease Approval We hereby apply to the Board of Directors of Sun Terrace at Lake Catherine HOA for approval of this lease. LEASE INFORMATION Address: Lease Start Date: HOMEOWNER (LANDLORD) INFORMATION Name(s): Address: _ Phone: Alternate Phone: LESSEE (TENANT) INFORMATION Names(s) of Tenants: Current Address: Phone: Alternate Phone: *Pet 1: Cat Breed: Weight: *Pet 2: Cat Breed: Weight: *Please attach current tag information and/or veterinarian certificate. No animal may be kept in the unit, which in the judgment of the Board results in a nuisance or is obnoxious to the residents in the vicinity. NO DOGS ARE ALLOWED IN LEASED HOMES PLEASE SIGN BELOW Homeowner: Date: Lessee: Date: Lessee: Date: In the event the maintenance fee becomes delinquent, both parties agree that the Association has the right to garnish the rents until such time that the balance is current. Complete this form and submit to Sun Terrace at Lake Catherine HOA c/o Banyan Property Management, 2328 S. Congress Ave., Suite 1-C, West Palm Beach, FL An orientation may be required. Association Approval: Date: 08/05/2011

3 c/o Banyan Property Management 2328 South Congress Ave., Suite 1-C West Palm Beach, FL PROSPECTIVE LESSEE ACKNOWLEDGEMENT The undersigned being a new lessee applicant of address: In Sun Terrace at Lake Catherine HOA acknowledges that (she, he, or they) have read, understand, and agree to follow and abide by all the terms and conditions of the following: (a) Declaration of Covenants, Restrictions and Easements: Sun Terrace at Lake Catherine HOA (b) (c) By Laws: Sun Terrace at Lake Catherine HOA Current Rules & Regulations: Sun Terrace at Lake Catherine HOA Dated: (Signature) (Print name) (Signature) (Print name)

4 Sun Terrace at Lake Catherine HOA, Inc. c/o Banyan Property Management 2328 Congress Ave., Suite 1-C, West Palm Beach, FL , Fax LESSEE PROVISION Any and all lease agreements between an owner and a lessee shall be in writing, shall provide for a term of not less than four (4) months, not more than one (l) year, nor may a patio home be leased more frequently than once in any twelve (12) month period, measured from the commencement of the most recent prior lease. Any lessee must comply with the Association s rules and regulations. The maximum number of leased patio homes is fifteen percent (15%) and therefore, can not exceed 30 patio homes. If this application exceeds the limit, the applicant will be placed on a waiting list to be considered on a first come, first served basis. I have read and understand that all lessees who will occupy Sun Terrace units must complete application forms, pay a $ application fee to Sun Terrace, a $ fee to Banyan Property Management (all fees must be paid with a back certified check or money order) and agree to an orientation before or the next scheduled orientation after moving into a unit. Any violation of the covenants may result in the Association s proceeding with immediate eviction proceedings against the offending unit. It is also understood that any legal costs for such action will be the unit owner s responsibility and will be billed to him/her. Any unpaid fees will become a lien against the unit and will incur additional legal fees and interest if collection is required. Applicant Date:

5 , INC. VEHICLE REGISTRATION FORM All vehicles in Sun Terrace at Lake Catherine must have a registration form on file. Return this form to Banyan Property Management with the Application Package. The Sun Terrace at Lake Catherine Homeowners Association Parking Regulations effect all owners and guests. Parking in the community is governed by the Association Documents. All owners have two parking spaces, more than two vehicles is not allowed. A new Vehicle Registration Form must be submitted for vehicle changes. OWNER INFORMATION NAME: _ PHONE: ALT PHONE: SUN TERRACE ADDRESS: VEHICLE INFORMATION VEHICLE 1 Make: State: Model: Color: Tag: VEHICLE 2 Make: Model: Color: State: Tag: I agree to abide by the parking regulations of Sun Terrace and the posted speed limit. I agree to abide by all traffic signs and traffic patterns around the community. I understand that guest parking spaces are for visitors and are not to be used on a regular basis by residents. I understand and agree that overnight parking of ALL commercial vehicles is prohibited. I understand and agree that any two-wheeled motorized vehicle, vehicle over 6000 lbs., motor home or boat is strictly prohibited in the community. I understand that two axle vans, jeeps and trucks under 6000 lbs. for personal use may be permitted based on the approval of this application. I understand that any vehicle in violation of the Association Documents is subject to owner fining and/or towing. Applicant Signature: Board Approval: Revised: 08/05/2011