Leasing within Peachtree Walk Condominium is limited to 25% of the total units and must be approved by the Board of Directors. Only owners with approved leasing permits are eligible to lease their homes. Owners who lease without a valid leasing permit are subject to substantial fines. If you sell your unit, leasing permits are NOT transferable to the new owner.
There is currently a waiting list of owners for available lease opportunities. Please email achristman@teammgt.com to be added to this lease waiting list. Residents, please email the management office at achristman@teammgt.com for the current lease permit wait list.
The Board of Directors may also consider special hardship lease requests. To qualify for a special hardship lease permit the owner must have already listed the unit for sale with a MLS real estate brokerage, been actively attempting to sell their unit, and not been able to “sell the Unit except at a price below the current appraised market value after having made reasonable effort to do so“. Hardship leases may also be considered if the “Owner takes a leave of absence or temporarily relocates and intends to return to reside in the Unit“. Hardship leases typically are only valid for 6 months but may never exceed 12 months. A hardship lease may not be considered for any owner who already has an approved 12-month hardship lease and is wishing to extend.
Note that all leases require a Lease Addendum be completed and be on file in the PTW management office.