BULLETIN NO: 2023-02<\/p>\n
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BULLETIN DATE | October 2, 2023<\/p>\n
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Resolution 03-23-78<\/p>\n
ADOPTED DATE | July 18, 2023<\/p>\n
SUBJECT<\/p>\n
Amended Third Laguna Hills Mutual Lease\/Rental Authorization Policy and Application<\/p>\n
The Third Mutual Board of Directors adopted Resolution 03-23-78, which amends its lease<\/p>\n
authorization policy and application to include room rentals to properly align with Civil Code \u00a7 4739<\/p>\n
of the Davis-Stirling Act. Civil Code \u00a7 4739 permits resident members to rent a portion of their<\/p>\n
resident member occupied unit for no less than 30 days.<\/p>\n
A few of the significant changes included in the new policy are summarized below:<\/p>\n
1<\/p>\n
Owners and resident members applying to lease their unit or rent a portion of the resident<\/p>\n
member-occupied unit shall pay fees associated with the review, processing and approval of<\/p>\n
the lease\/rental authorization application. Additional monthly GRF and Third Mutual fees<\/p>\n
apply for each person in excess of two.<\/p>\n
The term of the board-approved lease\/rental authorization shall not exceed 12 months. In<\/p>\n
the event that the term of a lease and\/or rental agreement between parties exceeds 12<\/p>\n
months, the owner and\/or resident member must apply to renew the lease\/rental<\/p>\n
authorization annually.<\/p>\n
Any reference requiring a lessee\/renter to represent that they have not been convicted of a<\/p>\n
felony in the last 20 years and\/or convicted of a misdemeanor involving a crime of moral<\/p>\n
turpitude within the last five years has been removed. Thus, it is the responsibility of<\/p>\n
members to conduct their own background investigation and credit checks regarding their<\/p>\n
lessees\/renters.<\/p>\n
Each member\/owner is responsible for insuring his\/her personal property within the unit<\/p>\n
and shall require as a term of the lease\/rental agreement between the member and the<\/p>\n
lessee\/renter that the lessee\/renter obtain and maintain renter insurance (HO4) of no less<\/p>\n
than $50,000. The member is also required to maintain landlord insurance (HO6) during<\/p>\n
the lease\/rental agreement period. While not required at the outset of a lease\/rental period,<\/p>\n
copies of the insurance policies required under the new policy shall be submitted by the<\/p>\n
member\/owner to the board upon request at any time during the lease\/rental period.<\/p>\n
No room rental will count toward the mutual\u2019s current 30% rental cap so long as the member<\/p>\n
continues to reside in the unit with the renter.
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Resolution 03-23-78<\/p>\n
Lease\/Rental Authorization Policy and Application<\/p>\n
WHEREAS, Civil Code \u00a7 4739 of the Davis-Stirling Act, effective January 1, 2023, provides<\/p>\n
that owners of a separate interest in a common interest development shall not be subject<\/p>\n
to any provision in the governing documents that prohibits an owner from renting or leasing<\/p>\n
out a portion of an owner-occupied unit for a period of more than 30-days, (i.e. owners of<\/p>\n
a separate interest in the Mutual are permitted to rent or lease out a portion of the owner-<\/p>\n
occupied unit to a tenant, so long as that lease term is a period of more than 30-days, and<\/p>\n
the Mutual need not allow owners of a separate interest to rent a portion of the owner-<\/p>\n
occupied unit to a tenant for a lease term of a period of less than 30-days); and<\/p>\n
WHEREAS, the Third Mutual Board recognizes the need to amend its Lease Authorization<\/p>\n
Policy and Application to align with the new law;<\/p>\n
NOW THEREFORE BE IT RESOLVED, July 18, 2023, that the Board of Directors of this<\/p>\n
Corporation hereby approves and adopts the revised Lease\/Rental Authorization Policy<\/p>\n
and Application, as attached to the official minutes of this meeting; and<\/p>\n
RESOLVED FURTHER, that staff is authorized to make any insignificant housekeeping<\/p>\n
changes to the Application form which shall not constitute a change to the Policy or need<\/p>\n
Board approval; and<\/p>\n
RESOLVED FURTHER, that Resolution 03-21-04 adopted January 19, 2021, is hereby<\/p>\n
superseded in its entirety and cancelled; and<\/p>\n
RESOLVED FURTHER, that the officers and agents of this Corporation are hereby<\/p>\n
authorized on behalf of the Corporation to carry out the purpose of this resolution.<\/p>\n
Find the complete Third lease\/rental authorization policy and application at<\/p>\n
lagunawoodsvillage.com > Neighborhoods > Sales & Leasing > Third Laguna Hills and scroll to<\/p>\n
Third the lease\/rental authorization policy and application PDF document. This application is also<\/p>\n
available at the leasing\/rental office in the Laguna Woods Village Community Center.<\/p>\n
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Also, please always refer to the website for the most current documents. Delete old Third lease<\/p>\n
authorization policies and applications from your system. Older applications will not be accepted or<\/p>\n
processed, and may delay move-in for the lessee\/renter.<\/p>\n
Email realtorforums@vmesinc.org with questions. Thank you.<\/p>","protected":false},"author":2,"featured_media":0,"template":"","document_category":[1227],"document_type":[],"class_list":["post-49540","document","type-document","status-publish","hentry","document_category-realtor-info-bulletins"],"acf":{"document":47372,"resolutions":null,"legacy_id":"8627","pdf_extracted_text":""},"yoast_head":"\n