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EVENT

BIHOA BOARD OF DIRECTORS IS GOING TO BE MEETING ON SATURDAY

OCTOBER 21 AT 10:00 A.M. IN THE BAY HOUSE ARTS & CRAFTS ROOM 

WITH THE HOPE THAT MORE

RESIDENTS WILL BE ABLE TO ATTEND 

 

 

ANNOUNCEMENT

BIHOA SIGNS CONTRACT WITH ELS 

Several hundred people were in attendance on April 26th to learn

the terms of a new, three-year contract between the HOA and ELS. 

The new contract will go into effect January 1, 2017 and will expire

12-31-2019. During this period, rent increases will be governed by

the contract and are locked in at 4 per cent increases, not to exceed

$30 monthly.

 

For example, anyone paying $800 monthly in 2016, will pay $830

monthly during 2017, $860 monthly during 2018, and $890 monthly

during 2019.  These figures do not include the pass-through property

taxes.

 

Florida Law does not require ELS to negotiate a contract.  Your HOA

felt it better to have something "locked in" rather than leave the rent

question up in the air with no controls. 

The contract does not control rent concessions.  ELS can offer

whatever concessions it chooses on ELS-owned properties that

it offers for sale.

 

 

 

 

 

 

 
 

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