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BY-LAWS

ARTICLE XVIII - RENTAL OF UNITS OR TENANCY BY OTHER THAN OWNER

Any Unit Owner shall have the right to rent his Unit. Such rental of a Unit shall be for a period of not less than six (6) months. Violation of the six month minimum term of rental shall result in a fine being levied upon the owner of the Unit in an amount equal to $500.00 per month that the tenant stayed short of the six month minimum term of lease. The above fine shall not apply if the Unit owner wishes to keep the Unit unoccupied until six months have elapsed from the effective beginning date of the rental shown on the copy of the lease originally provided to the association by the unit owner. The Unit Owner shall notify the Clerk of the Board of Directors, in writing of any such rental or tenancy and include in that notice the names of the tenants and the period of the tenancy. Any such tenant shall be bound by the provisions of the Condominium Declaration, the By-laws and any rules and regulations established by the Board of Directors with regard to the use of the property and amenities. The failure of any Unit Owner to so notify the Board of Directors of any rental or tenancy shall result in a fine of fifteen ($15.00) dollars which shall constitute a special assessment against that Unit.

ARTICLE XIX
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