509 Elm Place Residences Association, Inc.

What 509 Elm Place Residences Association, Inc.'s governing documents say

This is a partial document: the Sixth Amendment to the Rules and Regulations for 509 Elm Place Residences Association, a condominium community in Dallas, TX. It amends only the leasing and background check policy (Part X) and is not a full rulebook. It applies to unit owners who want to lease their units and to prospective tenants.

• Leasing & rentals: No unit may be leased without Board approval. The owner must give written notice of intent to lease, including the prospective lessee's and occupants' full legal names, aliases, contact info, and confirmation that they received the Rules. The owner must also provide a copy of the proposed lease, a 5-year rental history, employment history, income info, and signed authorizations for criminal background and credit checks.
• Approval process: The Board has 14 days to approve or disapprove a proposed lease. If the Board does not respond within that period, the owner may proceed with the lease to the party described in the notice.
• Lease content requirements: Every lease is deemed to include language requiring the lessee to comply with all governing documents and to control occupant and guest conduct. The lease also makes the lessee personally liable for unpaid assessments during the lease term, up to the amount of rent, and allows the Association to demand payment directly from the lessee.
• Owner responsibility: The unit owner remains solely responsible for ensuring lessees and occupants comply with the Declaration, By-Laws, and Rules. Fines for violations are assessed against the owner and unpaid fines become a lien on the unit.
• What this document doesn't cover: This amendment only covers leasing and background checks. It does not address other rules (e.g., pets, parking, noise, architectural changes) or any other aspects of community living. It also does not apply to transactions by first mortgage holders acquiring a unit through foreclosure.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.