If the failure to lease will result in a hardship, the
Owner of a Live/Work Unit or Residential Unit may seek to
lease on a hardship basis by applying to the Residential
Board of Directors for a Hardship Leasing Permit.
The Residential Board of Directors shall have the
authority to issue or deny requests for Hardship Leasing
Permits in its discretion after considering the following
- the nature, degree, and likely duration of the
- the harm, if any, which will result to the Residential
Condominium if the permit is approved,
- the number of Hardship Leasing Permits which have been
issued to other Owners,
- the Owner's ability to cure the hardship, and
- whether previous Hardship Leasing Permits have been
issued to the Owner.
A "hardship" as described herein shall include, but not be
limited to the following situations:
- an Owner must relocate his or her residence outside the
greater Atlanta metropolitan area and cannot, within six
(6) months from the date that the Unit was placed on the
market, sell the Unit except at a price below the current
appraised market value, after having made reasonable
efforts to do so;
- where the Owner dies and the Unit is being administered
by his or her estate; and
- the Owner takes a leave of absence or temporarily
relocates and intends to return to reside in the Unit.
Hardship Leasing Permits shall be valid for a term not to
exceed one (1) year.
Owners may apply for additional Hardship Leasing Permits.
Hardship Leasing Permits shall be automatically revoked if
during the term of the permit, the Owner is approved for and
receives a Leasing Permit.