A new form entitled "HOA Lease Addendum" has been added to the HOA Member Services Store. The form is designed for use as an addendum to lease agreements that are entered into between the owners of a separate interest and a third-party tenant(s). Under the terms of the addendum, the tenant acknowledges responsibility for compliance with the association's governing documents and the right of the association to take action directly against the tenant for violations. The addendum also provides for an assignment of rents due under the terms of the lease by the owner to the association in the event that the owner is delinquent in the payment of dues and assessments that are owed to the association. The form may be accessed via the below link.