Be it resolved that the leasing regulation resolution for Belmeade at Ridgely Manor Condominium Association, Inc., effective April 12, 2013, shall be as follows:

RECITALS

WHEREAS, pursuant to Paragraph 13 of the Declaration, the Condominium Units are subject to reasonable Rules and Regulations as may be established from time to time by the Association, as well as other restrictions set forth therein;

WHEREAS, pursuant to Section 4.11 of the Bylaws, the Board of Directors shall exercise all powers and duties of the Association, subject to the limitations set forth in the Bylaws and Condominium Act;

WHEREAS, the Board of Directors deems it necessary and in the best interests of the Association to amend and restate and adopt the following Leasing Rules and Regulations.

NOW, THEREFORE, be it RESOLVED that the following Leasing Rules and Regulations be and are hereby amended, restated and adopted:

  1. No Unit Owner may lease his Unit except in accordance with these rules and the condominium instruments and applicable law.
  2. No Unit Owner shall lease his unit unless at least one lessee, who will actually occupy the unit, shall be at least 18 years of age.
  3. No Unit Owner shall lease his Unit for a term of less than six (6) months.
  4. No Unit Owner shall lease his Unit for other than residential purposes.
  5. No more than 20% of the units in the Condominium may be leased at any one time. A Unit Owner shall not accept a lease on a unit until he has verified with the Belmeade at Ridgley Manor Condominium Association that the number of units leased at the time of inquiry is less than 20%.
  6. No portion of any Unit other than the entire Unit may be leased, i.e. there is no renting of rooms.
  7. Any lease entered into which exceeds the permitted number of leased Units shall be void in respect to the right to occupy the Unit by the Tenant, who shall immediately vacate the Unit.
  8. Each lease shall be subject to the Declaration, Bylaws and any rules and regulations promulgated by the Board, whether or not so stated in such lease. It is the responsibility of the Owner to provide these documents to his lessee.
  9. All leases shall be in writing.
  10. If the Unit Owner or lessee fails to comply with the provisions of the Declaration, Bylaws or rules and regulations, the Association, acting through its Board of Directors, shall have the power (including the power of attorney to act on behalf of the Unit Owner), but not the obligation, to terminate such lease and/or bring summary proceedings to evict the lessee in the name of the Unit Owner/lessor. Any costs incurred therein, including reasonable attorney’s fees, shall be borne by the Unit owner and lessee jointly and severally.
  11. The Unit Owner shall be responsible for any damage to the Common Elements or any other property comprising the Condominium caused by the lessee and/or the lessee’s family, guests or invitees, as well as legal fees, court costs, or other costs incurred by the Association in correcting the damage.
  12. Unit Owners must furnish their current mailing address, telephone number and e-mail address to the Managing Agent for correspondence and emergency purposes.
  13. Unit Owners shall submit contact information for any lessee within one week of execution of the lease or prior to occupancy by such lessee.
  14. If acceptance of a Lease would cause the number of Units that are rented to exceed the limit set forth in Paragraph 13 of the Declaration, the Association shall, if the Unit Owner so desires, place the Unit Owner’s name on a waiting list maintained by the Association. The waiting list shall list Unit Owners in the order they were placed thereon.
  15. A Unit Owner whose Lease has or will expire and not be renewed by the Tenant, or whose Lease has otherwise been terminated, or whose Unit will be vacated and available for rental may place his name of the waiting list at the time of notice to the Association or not more that one hundred twenty (120) days prior to the scheduled expiration and non-renewal or other termination, vacation or availability to Lease.
  16. Within ten (10) days of receipt of notice by a Unit Owner that his Lease has or will expire, and not be renewed, or terminate or whose Unit has been vacated and/or will otherwise be available for rental, or not more than sixty (60) days prior to the scheduled expiration, non-renewal, termination, vacation of or availability to Lease a Unit, whichever is later, the Association shall notify the Unit Owner who is in the next available position on the waiting lists of the opportunity to lease his Unit. That opportunity to rent shall be available to that Unit Owner for a period of sixty (60) days from the date of that notice. If no lease is submitted by that Unit Owner during that period, that Unit Owner’s name shall be placed at the bottom of the waiting list, and the opportunity to rent shall be offered to the next highest position on the waiting list.
  17. A Unit Owner may remove his name form the rental waiting list at any time.

FURTHER RESOLVED, that the directors and officers of the Association are herby authorized to perform such other or further acts as shall be necessary to carry out the intent of this resolution, including publishing these Leasing Rules and Regulations to all Unit Owners.

This Resolution shall be included with the Minutes as part of the official records of the Association.

Effective Date: April 12, 2013

BELMEADE AT RIDGELY MANOR CONDOMINIUM ASSOCIATION, INC.

By:______

(Signature)

______, President

(Print Name)

Attest:______

(Signature)

______, Secretary

(Print Name)

Community Group, Inc. • 4534 Bonney Road • Virginia Beach, Virginia •23462

(757) 499-2200 • Facsimile (757) 499-5928