The Aristocrat Condominium

7) Sale and Leasing
As per the governing documents, no unit owner may dispose of a unit or any  interest  therein  by  Sale  or  Lease  without  the  approval  of  the Association as evidenced by a Certificate of  Approval issued by the Board of Directors. Notice to the Association by an Owner of intent to Sell or Lease the unit, along with the forms  required for the proposed transaction can be obtained from the Condominium office. These are part of the broader application process. As part of the vetting process the Board of Directors requires an interview with the prospective  buyer or lessee. The interview may take place at any point in that process. The Aristocrat has 30 days, starting from the date all forms and information requested have finally been submitted to the Association, to approve or decline the transaction. The burden is on the Owner to arrange the interview as quickly as possible so that a decision can be rendered within the 30-day period. To defray the cost of investigation and processing forms, an Application Fee (as established by the Board), payable to the Aristocrat Condominium Association, Inc. must accompany the Owner’s application form – whether for sale or lease.

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8) Sale of Units
Approval is also required in the event of transfer through gift, device or inheritance. Under no  circumstances can a mortgage be obtained from an individual without the Association’s approval.
 

9) Leasing of Units
Leasing is not permitted within the first 2 years of ownership. Leases must be for a minimum of  three months and a maximum of one year; but in any case only one rental in a 12-month period is  permitted.  Owners who wish to renew their tenant’s lease after the initial term must re-apply and obtain a new  Certificate of Approval  from  the  Association.  However, if  the applicant(s) for leasing has or have been previously approved by the Association, the Board of Directors may, at its discretion, waive the applicable application fee. Such application must be made at least six weeks prior to the end of the initial lease term and if it is denied, the tenants must vacate the premises. In addition to the approval fee, the unit owner or prospective lessee shall pay a security deposit of $250. The security deposit shall protect against damages to the common elements or Association property, and shall serve as security for the full and faithful performance by the unit owner and 
prospective lessee of the terms of the Condominium Documents, including the timely payment of assessments and fines and the payment of attorney's fees incurred by the Association in connection with any default or breach of the Condominium Documents by the unit owner or prospective lessee. In the event the security deposit, or any portion thereof, shall be applied as provided herein, the unit owner or lessee shall deposit with the Association, upon written demand therefor, an amount sufficient to restore such security deposit to its original amount, and the failure to do so shall constitute a material violation of the Condominium Documents.

All lease agreements must:
- prohibit assignment and subletting.
- incorporate a copy of the Rules and Regulations as an addendum
- require compliance with the Rules and Regulation
 

10) Move-in or Move-out
The following procedures / rules have been established for move-ins and move-outs:
• A refundable deposit (as established by the Board) is required.  The deposit will be used to repair any damage to the condominium property or reimburse other costs that may be incurred during the move-in/move-out process or renovations.
• The moving company or owner must remove all boxes and packing materials.   No such material can be placed in the dumpsters.   If necessary, the office will arrange for a special pick-up of your trash. Any fee incurred for this service will be deducted from the deposit.
• All moving vans and trucks must load and unload at the 12th street gate or in a visitor spot. The front door is not to be used for move-in or move-out activities.
• The moving date must be approved through the office at least 48 hours in advance.
 
Move-ins/move-outs are restricted to Monday, Wednesday, Thursday – noon to 4PM – Tuesday and Friday 9AM to 4PM. No activitieson Saturday, Sunday or Holidays.