NBV

Lease Approval Process

Last Updated: 2026-03-20

An owner wants to rent their unit to a new tenant.

The Path

StepAction
1Owner downloads the Lease Application Package
2Prospective tenant completes all forms
3Owner submits the package to Management with the Application Fee
4Background check is processed (5–7 business days)
5Board reviews and issues written approval or denial

Key Restrictions

  • Minimum lease term: 6 months
  • Maximum 2 different tenants per unit per calendar year
  • Short-term rentals (Airbnb, VRBO, etc.) are prohibited

Required Forms