Protect Your HOA by Requiring Lease Addendums When Owners Lease Their Separate Interest

Has your board experienced delinquent homeowners who collect rent from their tenant but don’t pay their share of association dues? Has your board experienced problem tenants who don’t follow the HOA’s rules? These are common scenarios that are encountered by association boards of directors when the owners of a separate interest that is part of a common interest development have leased their separate interest to a third-party tenant. An effective way of dealing with problems like these that involve tenants is to implement a policy that mandates the use of a lease addendum that has been prepared by the homeowners association when the lease is entered into between the owner and the proposed tenant.