Definitions:
No short-term rentals are allowed in Peaceful Valley Lake Estates. Any property owner violating this rule will be assessed $50 or 25% of the daily rental fee, whichever is greater for each day the dwelling is rented. The assessment is due within 30 days of being invoiced. If the assessment is not paid in 30 days, it will be deemed delinquent. This assessment shall bear interest at the rate of eighteen percent(18%) per annum from the date of delinquency and such assessments, together with interest shall constitute a lien upon a dwelling until against which it is assessed until the amount, together with the interest and charges, is paid in full.
Members of Peaceful Valley Lake Estates, who own a single-family dwelling, or a multi-family dwelling and rents said dwelling, must communicate to Peaceful Valley Property Owners’ Association in writing that the dwelling is rented. The owner may assign their membership rights/privileges for the amenities to the renting party. Members must communicate in writing to the Board of Directors of Peaceful Valley Lake Estates the assignment of these rights/privileges. Upon assignment, the owner must relinquish said rights/privileges for that property. However, should the owner of a rental property wish to retain membership privileges, he/she must pay additional membership dues. One lot may only bear two (2) families, the renter’s and owner/member’s. If the owner owns multiple lots with paid membership, he/she may exercise his/her right/privilege to the amenities under that dues and assessments. The owning member will retain the control and voting rights. The owner is responsible for all dues and assessments. The renter and owner are responsible for any possible damage to Peaceful Valley Lake Association property.
For any rented house or lot, the owner must provide the following information in writing to Peaceful Valley Property Owners Association:
- Short Term Rental:
- Long Term Rental:
No short-term rentals are allowed in Peaceful Valley Lake Estates. Any property owner violating this rule will be assessed $50 or 25% of the daily rental fee, whichever is greater for each day the dwelling is rented. The assessment is due within 30 days of being invoiced. If the assessment is not paid in 30 days, it will be deemed delinquent. This assessment shall bear interest at the rate of eighteen percent(18%) per annum from the date of delinquency and such assessments, together with interest shall constitute a lien upon a dwelling until against which it is assessed until the amount, together with the interest and charges, is paid in full.
Members of Peaceful Valley Lake Estates, who own a single-family dwelling, or a multi-family dwelling and rents said dwelling, must communicate to Peaceful Valley Property Owners’ Association in writing that the dwelling is rented. The owner may assign their membership rights/privileges for the amenities to the renting party. Members must communicate in writing to the Board of Directors of Peaceful Valley Lake Estates the assignment of these rights/privileges. Upon assignment, the owner must relinquish said rights/privileges for that property. However, should the owner of a rental property wish to retain membership privileges, he/she must pay additional membership dues. One lot may only bear two (2) families, the renter’s and owner/member’s. If the owner owns multiple lots with paid membership, he/she may exercise his/her right/privilege to the amenities under that dues and assessments. The owning member will retain the control and voting rights. The owner is responsible for all dues and assessments. The renter and owner are responsible for any possible damage to Peaceful Valley Lake Association property.
For any rented house or lot, the owner must provide the following information in writing to Peaceful Valley Property Owners Association:
- Complete legal name and the date of birth of the renter and any person or persons residing in the dwelling.
- Type and length of rental period (e.g., month to month, year’s lease, etc)
- Vehicle make, model, year and license plate number with supporting documentation (title or registration) for each vehicle owned or used by the renter and other resident in the dwelling
- Watercraft make, type (fishing, pontoon, ski, personal watercraft), registration number
- Golf carts, ATV’s and other off-road vehicles, etc.
- Notification whether the owner has passed member privileges to the renters or retained them for themselves.