Rental Guidelines & Information

If you are considering renting your home, you must first receive approval by the HOA. Please notify the HOA via Luiza at Morris Management (p: 425.283.5858 / email:llimona@morrismanagement.com), providing a copy of the lease agreement and tenant information.

To view the declaration governing rentals: CLICK HERE.

Why does Somerset Creek Have a Rental Cap?

In 2012, Somerset Creek HOA passed by a vote a declaration governing rentals. To review the amendment, CLICK HERE. A rental cap strikes a balance between Owner and Tenant occupancies in order to:

  • Preserves buyer access to favorable purchase money loans that are not available for financing purchase of a unit in a condominium which has a significant number of investor-owned units.
  • Promotes a sense of community among Owners, derived from a common belief that this condominium is a home they share.
  • Preserves the Owners’ ability to self-govern, by maintaining a larger pool of Owner-occupants, for whom service on the Board or a committee is less burdensome, since they reside where official meetings of the Board and committees will typically be held.
  • Preserves the self-regulatory benefits of a shared understanding of, and commitment to, the duties which the Governing Documents impose.

Home Owner Information Form

It is important that we have CURRENT local contact information in the event someone needs to reach you or your property manager. To view the Home Owner Information form: CLICK HERE.

How does it work?

  • No more than 10 units can be leased at any given time (11.14.7.2.1).
  • A newly purchased unit is ineligible to Lease for one year from the data the owner first acquired fee title to the unit (11.14.7.2.4).
  • Home owners who qualify to rent are given a “Leasing Window” which the unit can be leased. The leasing window is a four year period. After the leasing window expires, the unit is ineligible to lease for one year from the date the leasing window has closed (11.14.7.2.5).
  • If 10 units are being leased, there is a first-come, first-served waiting list for home owners who desire to lease their unit (11.14.7.5).
  • When the tenant of a unit that is currently leased moves out at the end of the lease, the home owner has up to ninety days from the date occupancy was surrendered within which to commence a Lease of the Unit to a different tenant. If the owner fails to lease that unit to a tenant within the 90 day period, the owner will be placed on the waiting list (11.14.7.5).
  • It is the owner’s responsibility to provide the HOA Management Company with the tenant(s) names and a copy of the lease agreement (Rules & Regulations; SALE/LEASE/RENTAL INFORMATION) for HOA board approval.

If you are considering leasing your unit, please contact Luiza at Morris Management to check eligibility and to submit an application. Luiza can reached via phone at 425.283.5858, or via email llimona@morrismanagement.com.