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Do Renters Pay HOA Fines?

By Christopher Combs | May 24, 2018

Question: I am the president of our HOA in Chandler. One of our homeowners has rented her home to a young ASU student. He has a motorcycle that he drives at dangerous speeds in our community, and he has ignored the complaints from other homeowners. We have contacted the elderly lady who owns the home, and she said that there is nothing that she can do. Our CC&Rs authorize us to fine homeowners who drive at dangerous speeds in our community. Our written fine schedule says that the first fine can be $50 and the second fine can be $100. We are concerned that these small fines will be ignored, and we want to have an immediate fine of $500 to protect the safety of our community. Can we fine the tenant, or do we have to fine the homeowner? Can the fine be $500 to protect the safety of our…

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How to Exercise a Lease Option to Purchase

How to Exercise a Lease Option to Purchase

By Christopher Combs | April 16, 2018

Question: I am renting a three-bedroom home in Northwest Phoenix. The lease has a one-paragraph option to purchase. The lease will expire shortly, and I have notified the owner of the home that I intend to exercise the option to purchase. What do I need to do to exercise our option to purchase? Answer: A lease containing a provision providing the tenant with an option to purchase the property should state the specific terms of purchase. The best option to purchase provisions use an executed purchase contract, or at least a rough draft of a purchase contract, as an exhibit to the lease. Therefore, when the option to purchase is exercised, there should not be any extensive negotiations between the tenant and the owner. In your situation, if you do not have definite purchase terms in the one-paragraph option to purchase, you and the owner will have to negotiate those terms…

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