The Villas of Bethany Trace

THE VILLAS OF BETHANY TRACE

HOMEOWNER’S ASSOCIATION, INC.

“Offer for Sale of HOA Unit”

This form must be completed in full and submitted to the Board of Directors immediately following receipt of a firm offer on the sale of your condominium unit.

Attach a copy of the buyer’s driver’s licenses and a non-refundable check for One Hundred dollars ($100.00) (made payable to the association) with the application. The Association has established the right to review and approve/decline all applications for the purchase of any unit.

If the Association, in writing does not respond to this offer within 30 days of receipt of all information required, the owner shall have the right to sell to the purchaser.

FILL IN NAMES AND AGES OF ALL WHO WILL BE LIVING IN UNIT:

FOR PURCHASE OF UNIT NUMBER ______, CURRENT OWNER ______, STREET ADDRESS ______. When purchased, will this unit be the Owner’s Permanent Residence? _____(Y) _____ (N); Rented Out? _____ (Y) _____ (N).

Name(s) of Buyer(s) ______

______

Drivers License No. (s) ______

Birth Date(s) ______

Present Address ______City ______

State ______Zip Code ______Length of time at the above residence: ______

Home Phone No. ______Work Phone No.( ) ______

E-mail Address (optional)______

Occupation ______Place of Employment ______Yrs ____

Vehicle Info Make ______, Model ______, Color ______, Year ______

License Plate Number: ______.

Pet(s) ______(Breed and type.) ______

Will other than the above named be occupying the residence? ______(Y) ______(N).

If yes indicate Name, Age and Relationship: ______

I/WE are ____Citizen’s of the United States, ____Citizen’s of ______

References: Bank(s) Name and Address

(1). ______

(2). ______

(3). The following is to be provided by the Realtor/Owner.

___X___ National Background Check ___X___Credit Check (Required)

Present or Previous Landlord(s): Name, Address and Phone No. of two (2) current neighbors: ______

Lehigh Acres References: ______.

______.

MORTGAGE:

Amount: $______. Is current mortgage being assumed? _____ is this a new mortgage? _____

Name & Address of Mortgage holder ______

______.

Phone No. ( )______.

Purchase Price $______Proposed Closing Date: ______

Furnished _____ Unfurnished ______.

Real Estate Company, Realtors Name and Phone Number: ______

______

Closing Agent (Name, Address and Phone Number) ______

______.

I have been acquainted with the By-Laws, Articles of Incorporation, Declaration of Condominium, as well as, the Rules and Regulations governing The Villas of Bethany Trace Homeowner’s Association, Inc. and will comply with them.

Buyer Signature: ______Date: ______

Print Name: ______

Buyer Signature: ______Date: ______

Print Name: ______

ADDITIONAL INFORMATION

The “New Owner” agrees to pay the current Assessments and Maintenance Fees (call management for the amount) for the balance of the current year, and the subsequent (month/quarterly) maintenance fees, as they are established by the Board of Directors for future years.

The “New Owner” also agrees to pay any unpaid Assessments, Fees or current Special Assessments being levied against said unit in question by the Board of Directors. Special Assessments if any are levied against “all” owners of The Villas of Bethany Trace Homeowner’s Association, Inc.

I/We (New Owners) hereby agree to the above:

Signature: ______Date: ______

Print Name: ______

Signature: ______Date: ______

Print Name: ______

Buyer Approved: The Villas of Bethany Trace Homeowners’ Association, Inc.

By: ______Date: ______

Title: ______

By: ______Date: ______

Title: ______

010112

THE VILLAS OF BETHANY TRACE

HOMEOWNER’S ASSOCIATION, INC.

“Application Procedures for Purchase/Lease of a Unit”

The attached application form (Purchase or Lease) must be completed in full and submitted to the Management Company who will forward to the Board of Directors for consideration. A copy of the prospective tenant(s) or purchaser(s) Driver’s License(s) or picture ID(s) must accompany the application along with the appropriate fee. A copy of a National Background Check and a credit check must also accompany the application, which must be provided by the realtor or owner.

Reminder: The Board of Directors are to be notified in writing ten (10) days prior to a sales or lease listing advertisement notice.

Unit owner may sell or lease his entire unit in accordance with the following procedures.

A. Failure to give notice:

Any sale or lease entered into without the application process is in violation of the above provisions and shall be treated as null and void by the Board of Directors. No move in or closing is allowed to take place.

B. Rental of Unit:

No unit may be leased for a term of less than six (6) months. The Board of Directors shall have the right, but not the obligation, to grant a short lease when deemed appropriate. No option for the lessee to extend or renew for any additional period of time shall be permitted without Board approval. No subleasing or assignment of lease rights by the lessee is allowed.

C. The Board of Director’s authority:

Within the guidelines of the uniform and approved Application Form, the Board of Directors shall have the authority to approve or deny all sales and leases. The Board shall have the authority to require such other information from the proposed transferees as is appropriate.

D. Owner and Realtor Responsibilities:

The owner and/or realtor are responsible for getting the information packet from the Management Company and back to them to be submitted to the Board. The packet shall include:

a. Sales or Lease Application Form

b. A Receipt Form acknowledging receipt and full understanding of the House Rules, Articles of Incorporation, Bylaws, Declaration of Covenants and Restrictions is to be returned with the application.

c. Billing and Collection Procedures

d. ARB Procedure and Form

e. National Criminal Background and Credit check to be returned with application.

f. Appropriate fee to accompany application; $50.00 for rentals; $100.00 for sales to be returned with application.

g. Copy of Driver(s) licenses for lessee(s) or purchaser(s). This is considered a picture ID. If no driver(s) license, picture ID(s) must be presented.

h. Applicant Background Waiver.

E. Board of Directors approval/disapproval responsibilities:

a. The Board is responsible for approval/disapproval of the Lease or Sales Application within thirty (30) days or less, upon receipt of the items listed in “D” above.

b. A meeting with the prospective transferee(s) will be at the option of the Board.

c. If the Application is approved/disapproved, it will be signed by the Board and returned to the Management Company.

d. The Management Company will notify the owner/realtor if the application is approved, if there is a problem, or if the application is rejected.

e. If approved, files and copies will be returned to the Association, and copies will be sent to the owner, realtor, and transferee(s).

f. No closing shall take place or tenant be allowed to move in without the proper application requirements being met and approved by the Board.

g. Fees are non-refundable.

F. National Background Check includes ALL OCCUPANTS.

a. Any convictions of a felony involving violence to persons or property, or a felony demonstrating dishonesty or moral turpitude will disqualify any candidate(s) for sale or leasing of a unit.

G. Credit Check of Transferee(s).

a. The proposed transferee(s) may make no misrepresentation of the credit check or the establishment of personal financial responsibility during this Application process.

H. Association Fees and Assessments.

a. The new owner(s) shall pay any and all back fees not paid by the current owner at time of closing, and agree to pay ongoing fees/or assessments.

b. The lease of any homeowner with a leased unit shall be cancelled should the homeowner default in paying any association dues or assessments.

c. The Board may approve the tenant to continue living in the homeowners unit who is not paying their fees or assessments until the end of the current lease, if the tenant pays the dues as required.

I. Non-Compliance.

a. Any non-compliance of the terms of this application shall be subject to full legal action.

010112

APPLICANT BACKGROUND WAIVER

NAME______

Date of Birth: ______

NAME______

Date of Birth: ______

CURRENT ADDRESS: ______

CITY______STATE______ZIP______

------

I hereby authorize The Villas of Bethany Trace Homeowner’s Association, Inc., to whom I have submitted an application for lease or sales, to contact any company or individual they deem appropriate to investigate my national background, criminal and civil court character and qualifications to purchase or lease a unit in The Villas of Bethany Trace Homeowner’s Association.

I further consent to their review of any and all information obtained as a result of this investigation.

I understand that any matter deemed inappropriate by The Villas of Bethany Trace Homeowner’s Association Board of Directors as having adverse effects on the Association, as a whole, is justification for rejection of said application.

I hereby waive my right to bring any cause of action against The Villas of Bethany Trace Homeowner’s Association, Inc. or its’ Board of Directors or Members for defamation, invasion of privacy or for any other reason arising from their investigation and rejection of my application.

I agree that if my application is accepted, I will abide by all of the Articles of Incorporation, Bylaws, Covenants of Restrictions and Regulations, House Rules and all procedures as promulgated by the Association and Board of Directors.

I acknowledge receipt of the original national criminal background investigation and/or credit check submitted to the Association by ______.

Signature______Date:______

010112

THE VILLAS OF BETHANY TRACE

HOMEOWNER’S ASSOCIATION, INC.

FOR: Unit______Owner ______

Prospective Renter/Buyer______

Landex Received Date: ______

Sales/Lease Committee Received Date: ______

Sales/Lease Application Committee Comments

1. ______

2. ______

3. ______

4. ______

COMMITTEE DECISION:

Approved ______

Denied______Reason for denial ______

______

Committee Members Signature

1. ______Date: ______

2. ______Date: ______

3. ______Date: ______

4. ______Date: ______

5. ______Date: ______

RECEIPT OF DOCUMENTS NEW OWNER / NEW TENANT

Name of Association:______

____New Purchase ____Application ____Fee ______Driver’s License(s)

____New Tenant ____Application ____Fee ______Driver’s License(s)

Name(s)______

Print Signature Date

______

Print Signature Date

Purchase/Lease Address:______

I/WE HEREBY ACKNOWLEDGE RECEIPT AND UNDERSTANDING OF THE FOLLOWING DOCUMENTS:

____House Rules

____Articles of Incorporation

____Bylaws

____Declaration

____Sales/Lease Procedure and Application Process (where applicable)

____Billing & Collection Procedure (owner only)

____Fining Procedure (owner only)

____ARB Procedure (owner only)

____Volunteer Form

____Content’s Insurance HO6 (Condo’s Only) (owner only)

____Proof of Personal Property, Liability, and Hazard Insurance

____Renters Insurance (tenant only)

____Recorded Deed (if change of ownership) (owner only)

____Other Form______

Witness / Agent Signature:______Date:______

CAM / Office Signature:______Date:______

RETURN TO LANDEX FOR OWNER / TENANT FILE

NOTIFICATION OF

PURCHASE OR LEASE

THE VILLAS OF BETHANY TRACE HOA, INC.

Date: ______

Please check the appropriate boxes:

( ) My unit is for Sale. ( ) My unit is for lease. Date: ______

Name of Current Owner(s) ______

Address ______

Home Phone ______Work Phone ______Cell ______

The documents of the Villas of Bethany Trace HOA, Inc. provide for the obligation of the unit owners that all units are to be used for single-family residences’ only. Owners are to notify the Board if their unit is listed for sale or lease.

There is a Sales/Lease application process. Please get forms from the Management Company to present to the Board. You can pick up the forms at the address below or on the Internet at www.landexresorts.com under The Villas of Bethany Trace.

Please make sure you, as the owner, or the realtor you hire makes sure that the prospective transferee(s) agree to abide by the Rules and Regulations of the Villas of Bethany Trace Home Owner’s Association, Inc. (a Deed Restricted Community), including the Articles of Incorporation, Bylaws and Declaration of Covenants and Restrictions, House Rules and any and all procedures.

Landex Resorts International, Inc.

1100 Homestead Rd., N.

Lehigh Acres, Florida 33936

Main Phone: 239-369-5848

Fax: 239-369-7852

Becky: 239-368-7788

Darlene: 239-369-5875

Millie: 239-368-2626

Robyn: 239-369-5874

Website: www.landexresorts.com