7.1 Any Unit not occupied as the primary, full-time residence by the Unit Owner(s), as recorded in the Unit deed recorded at the Worcester County North Registry of Deeds, shall be considered non-owner occupied and subject to this Article 7 and any and all other provisions of the Declaration of Trust and Bylaws, Master Deed, Rules and Regulations, and all other Constituent Documents.
7.2 Unit Owners must provide a copy of the lease or rental agreement and any and all amendments thereto to the Liberty Commons Condominium Trust within 5 days of the execution of said lease or rental agreement, and a list of all of the full-time and part-time occupants and their contract, vehicle, and any other information required by the Board of Trustees.
7.3 No lease or rental agreement shall be for less than one year in duration, without the prior authorization of the Board of Trustees.
7.4 Any authorized rental Unit that remains unoccupied for a period of 90-days or more, shall revoke their authorized rental status for said Unit, at the sole discretion of the Board of Trustees, and shall require the Unit Owner to be placed on the bottom of the non-owner occupancy (rental) waiting list should the Unit Owner request the same. Unit Owners are required to immediately notify Liberty Commons Condominium Trust of any and all changes in occupancy status, renewals, and terminations.
7.5. Pursuant to the terms of the Liberty Commons Condominium Trust, no more than thirty percent (30%) of the Units of the Condominium may be leased to third parties at any time. Accordingly, any Unit Owner or prospective Unit Owner considering renting his or her Unit for compensation or no compensation must contact the Board to determine whether the then current number of rented Units exceeds the thirty percent (30%) limitation prior to purchase, execution of any lease agreement, rental, and any non-owner occupancy.
The Board of Trustees shall have the power to levy fines against Unit Owners for violations of the Declaration of Trust and Bylaws, Master Deed or reasonable Rules and Regulations established by it to govern the conduct of the Unit Owners in the Common Elements. No fine may be levied for more than $20.00 for any one violation but for each day a violation continues it shall be considered a separate violation. Collection of fines may be enforced against Unit Owner or Unit Owners involved as if the fines were common charges owed by the particular Unit Owner or Unit Owners. In the case of persistent violation of the Rules and Regulations by a Unit Owner, the Board of Trustees shall have the power to require such Unit Owner to post a bond to secure adherence to the Rules and Regulations.