If you are a Tahoe Keys Property Owners Association (TKPOA) Homeowner who leases your home or townhome, we’d like to make the leasing experience successful and positive for everyone by informing you of your responsibilities. This will help preserve your property value specifically and maintain the association’s property value in general.
The (TKPOA) has approximately 70 Long Term Rentals in the Community. A “Long Term Rental” defined by the City of South Lake Tahoe Transient Occupancy Tax (TOT) Code 28A-18 is defined as occupancy over 30 days.Some Advice for Screening Tenants
When renting out your property, you are engaged in a relationship between yourself (the landlord) your tenant and potentially the TKPOA. There may be other parties involved too such as a leasing agent or a real estate management company, but at the core of everything that happens in your property is your tenant. That’s why making sure you're happy with the tenant from the outset is so vital. By ensuring you properly screen and select your tenants, you give yourself the best possible chance of having a tenant that is hassle free and won't cause you problems. A problem tenant can cause inconveniences like unnecessary maintenance requests, complaints to the TKPOA, complaints from your neighbors about your tenants behavior or in extreme cases more serious problems like property damage and rent arrears. The better the screening process by the landlords/homeowners the better the fit for the long term tenants as part of our Tahoe Keys community.
Once you have a perspective tenant with a valid application it is important to make them aware they are renting a home or townhome in a homeowners association and there are specific rules to be observed. Many potential tenants may not be familiar with living in homeowners associations, so it is required that you inform them, and issue them complete set of the TKPOA Governing Documents which includes the Bylaws, CC&Rs, Architectural Control Rule Brochure (ACRB), Rules and Regulations.
In the event that any Long Term Tenant or short-term tenant fails to honor the provisions of any Governing Document and disciplinary action appears warranted, the Association shall notify both the Owner and the tenant of the infraction. If, within a reasonable time as outlined in our Governing Documents following receipt of such notice, the activity does not cease and the Owner fails to take appropriate corrective action with respect to the tenant or, in the alternative, fails to request a hearing on the matter, the Board shall be entitled to take such corrective action as it deems appropriate under the circumstances to the same extent as if the action was being taken against the Owner pursuant to article CC&R’s Breach or Default XII, Section 6. Rights and Remedies of the Association. Corrective or disciplinary action deemed appropriate by the Board and available in law or in equity, including but not limited to the hiring of legal counsel, the imposition of fines and monetary penalties, the pursuit of legal action, or the suspension of the Owner’s voting rights to use recreation Common Facilities.Make Sure You Get References
It’s essential that you get a number of tenant references. You also shouldn't overlook references from any previous landlords, as they are a good way to spot warning signs. If a tenant omits information that prevents you from getting in touch with previous landlords or is opposed to the idea of providing details for references, then this should set off alarm bells for you. Ask the landlord how the tenant behaved and how he or she left the property upon moving out. When you do get a reference, there is another potential pitfall to be aware of. Some landlords have been known to give a great reference for a terrible tenant in the hope of getting them out of their property. To avoid this, we recommend going further back – don’t just contact their previous landlord, talk to the one before that as well. This will give you a fuller picture of their rental history.