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( c) Approved Leases.
With the exception of a first mortgagee
of a Unit who obtains title to or possession of a Unit following a default in such mortgage
through a foreclosure proceeding or any deed or other arrangement in lieu of foreclosure
and with the exception of Approved Leases (as hereinafter defined), no Unit Owner shall
be permitted to rent, lease or grant a license in or to his Unit. Subject to Section 7(a)(l ),
Units shall be occupied solely by the Owner(s) thereof and their immediate families and
temporary gratuitous guests, and no arrangement whatsoever shall be entered into,
whether written or oral, for the occupancy in whole or in part of any Unit by anyone other
than the Unit Owner(s) thereof and their immediate families and temporary gratuitous
guests. In no event shall the foregoing or any language set forth above prohibit or
otherwise restrict a Unit Owner from having the ability to have his/her/their Unit
occupied by a domestic employee.
Notwithstanding the foregoing provisions of this subsection (c), a Unit
Owner may lease his/her/their entire Unit for a period of not less than twelve (12)
consecutive months, provided that prior written approval of the Board of Trustees has
been obtained, which such approval shall not be unreasonably withheld or delayed (the
"Approved Leases"). Any lease agreement submitted to the Board of Trustees for
approval shall be required to provide that the terms of the lease shall be subject in all
respects to the provisions of the Master Deed, the By-Laws of the Condominium Trust,
and the Rules and Regulations (and attach copy of such Rules and Regulations), and that
failure by the lessee to comply with the terms of such documents shall be a default under
such lease. In the event of such a default, the Board of Trustees or any Officer
designated by the Board of Trustees or any Officer designated by the Board shall have
the power as attorney-in-fact for the Unit Owner to terminate the Lease and bring
summary eviction proceedings against the tenant if such default is not cured within seven
(7) days after the sending of written notice, which such notice shall be sent by the Board
of Trustees simultaneously to the Unit Owner and the tenant. All leases are required to
be in writing and a copy of the proposed lease shall be delivered to the Board of Trustees
for approval prior to occupancy of a Unit by the lessee(s) under each such lease. The
Board of Trustees may, but shall not be required to, provide a suggested standard form of
lease for use by the Unit Owners. Each Unit Owner shall, promptly following the execution of any lease of a Unit (approved as aforesaid), provide a copy thereof to the Board of Trustees. The provision of this Section shall not apply to the Declarant.
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