In this time of economic turmoil, more and more unit owners are leasing out their units when they have to move and are unable to sell. If you are an owner who leases your unit, you can make the leasing experience successful and positive for everyone by understanding your responsibilities. This will help preserve your property value specifically and maintain the association’s property value in general.
Your tenants may not be familiar with common-interest community living. Please take a few minutes to explain to them that living in a community association is very different from living in a rental apartment community. Specifically, your tenants, like all residents, are subject to the rules and regulations of the association, and it’s up to you to educate them and see that they comply. Your association normally will assist you in this area, but the responsibility lies with you. It is recommended that you provide your tenants with written copies of all policies and rules and advise them on the proper use of the association’s facilities. You can obtain copies of these and other useful documents from the Board or property manager.
It is also strongly recommend that you have a written lease agreement with your tenant. As a lessor (landlord) of a home in a community association, the lease you use must require tenants to comply with the association’s governing documents. Typically, in the event your tenant fails to comply with these documents, including the bylaws, or its rules and regulations, a representative of your association will first contact your tenants in an attempt to remedy the problem.
If your tenant does not correct the violation, the association will then contact you and expect you to remedy the violation using the recourse available to you through your lease agreement. If you are unable to correct the violation, the association may pursue appropriate legal action against the tenant, and possibly against you.
It is important that you provide the Board and property manager with the names and contact information of your tenants. This information is necessary if the Board or management company needs to contact your tenant for any reason and of course in case of emergency.
Follow these simple steps and you, the tenants and the association will all have a positive community association living experience:
• Provide your tenants with copies of association rules.
• Educate tenants about the need to follow association rules, and see that they comply.
• Advise tenants on the proper use of association facilities.
• Use a written lease agreement.
• Make sure your lease requires tenants to comply with all association governing documents.
• Provide the association with contact information for your tenants.
Renters: If you don’t have a copy of the association rules or you’d like more information about the association, please contact a board member or manager.
Showing posts with label condo. Show all posts
Showing posts with label condo. Show all posts
Monday, November 22, 2010
Monday, July 26, 2010
Monsoon Rain - Is it Climate Change?
As everyone knows, monsoon rains fell on the Chicago Area over the week-end with some places receiving as much as 7-1/2 inches of rain overnight on Friday. Don't know if it was because of climate change or just another freak of nature so common to Chicago but all you condo owners out there should be checking on your storage and utility areas.
Most of the flooding was caused by drainage system back-ups with some areas seeing as much as 1 to 2 feet of water collecting in the low areas such as boiler rooms, laundry areas and storage spaces. Living up off the ground, sometimes we forget about those areas until we happen to go down there later and find items that were stored to be mouldy and ruined.
Water damaged can be mitigated fairly easily if it is handled quickly. It is important that waterlogged items be removed and standing water be drained or mopped up. High levels of humidity in the closed spaces of a basement area can lead to mold formation. The best way to avoid this is by getting a good quality de-humidifier operating in the flooded area. What I mean by good quality is one of industrial grade that can be rented from places like Home Depot or from a mitigation company. They should be kept running for 5 to 7 days or more to draw all of the water out of the walls and partitions. Badly soaked drywall should be removed and replaced after the supporting studs have thoroughly dried with the de-humidifier.
If you have concerns about water in your building, you should contact your management company. They can point you in the right direction to help keep any problems from arising later.
Most of the flooding was caused by drainage system back-ups with some areas seeing as much as 1 to 2 feet of water collecting in the low areas such as boiler rooms, laundry areas and storage spaces. Living up off the ground, sometimes we forget about those areas until we happen to go down there later and find items that were stored to be mouldy and ruined.
Water damaged can be mitigated fairly easily if it is handled quickly. It is important that waterlogged items be removed and standing water be drained or mopped up. High levels of humidity in the closed spaces of a basement area can lead to mold formation. The best way to avoid this is by getting a good quality de-humidifier operating in the flooded area. What I mean by good quality is one of industrial grade that can be rented from places like Home Depot or from a mitigation company. They should be kept running for 5 to 7 days or more to draw all of the water out of the walls and partitions. Badly soaked drywall should be removed and replaced after the supporting studs have thoroughly dried with the de-humidifier.
If you have concerns about water in your building, you should contact your management company. They can point you in the right direction to help keep any problems from arising later.
Subscribe to:
Posts (Atom)