This form may be used as an addendum to a lease between a tenant and the owner of a separate interest that is part of a homeowners association. The addendum contains provisions that obligate the tenant to comply with the homeowners association’s governing documents and which provide for remedies by the association directly against the tenant as well as the homeowner. The addendum also provides for an assignment of the rents due under the lease to the homeowners association so that, in the event that the owner does not pay dues and assessments that are owed to the association, the association may collect the rents due under the lease until the amounts owed by the owner are current.
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DIRECTORS’ RESOLUTION AUTHORIZING TEMPORARY DELAY IN REPAYMENT OF RESERVE FUNDS
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HOA Lease Addendum
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This form may be used as an addendum to a lease between a tenant and the owner of a separate interest that is part of a homeowners association. The addendum contains provisions that obligate the tenant to comply with the homeowners association’s governing documents and which provide for remedies by the association directly against the tenant as well as the homeowner. The addendum also provides for an assignment of the rents due under the lease to the homeowners association so that, in the event that the owner does not pay dues and assessments that are owed to the association, the association may collect the rents due under the lease until the amounts owed by the owner are current.
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