Thank you all for your answers re "Tenant Approval". Once a renter submits an application for a unit, is that unit continue being shown,

Asked by Nancy, New York Fri May 21, 2010

and the association decides from several applications? Or is the unit temporarily taken off the market until the association decides if they will accept the first applicant? Thanks again -

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4
Tom Priester, Agent, Tequesta, FL
Fri May 21, 2010
Jean,

An association typically will require an executed copy of a lease agreement submitted with their application. It would be highly unusual for an owner to sign multiple leases for a property unless leases subsequent to the initial lease were contingent on previous leases not being approved by the association.

An owner may continue to market the property looking for a back-up offer in case something did not work out with the lease in hand. However, once the property is leased contingent on association approval it should be shown as contingent in the MLS and not active.

I hope this information helps and if you need any additional information please do not hesitate to ask.


Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
Web Reference:  http://www.tompriester.com
1 vote
Joanne Sasso…, Agent, Boca Raton, FL
Sat May 22, 2010
No, the rental is not taken off the market until there is a signed lease agreement and approval from the association. Once the association approves and lease goes forward, then it goes into MLS as taken and no one can show it at that time.
0 votes
Joan Lorberb…, Agent, Boca Raton, FL
Fri May 21, 2010
Jean, my colleagues have given you correct answers. Keep in mind that an association is looking to see whether a potential tenant starts out with an understanding of what the rules and regulations are. A copy of your drivers license may be required particularly if the community has legal age restrictions. The # of pets, breed and pounds because of pet restrictions of the community. And, there may be other restrictions in the community such as no pick-up trucks.

My best advice to you is to be sure your Realtor knows, in advance, what the rules and regulations are and you should have no problem in obtaining association approval. Associations are not looking to make it difficult for either you or the lessor.

JOAN LORBERBAUM MOORE
Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33496
joanmoorerealtor@gmail.com
561-573-3238
0 votes
Debra B Albe…, Agent, Port St Lucie, FL
Fri May 21, 2010
Jean,
That would depend on the listing agreement. So the answer could be yes or it could be no.
The way we work is if the tenant has submitted an intent to lease and passed the credit and background check and the landlord is in agreement it is pending and off market. The association has to approve the application, however, it is still off market. Most associations will not turn down an applicant if the landlord has approved them. It could end up in a lawsuit.

Debbie Albert, PA
Coldwell Banker Residential
Web Reference:  http://www.ronanddebbie.net
0 votes
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