Laguna Woods Rental FAQs for Owners and Tenants.
Laguna Woods Village has a 30% cap for leased manors. This lease cap is set separately for condos (Third Laguna Hills Mutual) and coops (United Laguna Woods Mutual).
Leased units in the community have recently reached the 30% limit for United Laguna Woods Mutual with some important exceptions. Please contact Laguna Woods Village Property Management to determine you and your property eligibility to lease.
During our owner onboarding process we assist by contacting Laguna Woods Village to ensure that the property and owner are eligble for Lease Authorization.
Laguna Woods Village requires owners and tenants to complete a Lease Application for new tenant membership and to renew that membership annually. This application and process is different for condos and coops. Third Laguna Woods Mutual requires a Lease Auothirzation. United Laguna Woods Mutual requires a Sublease Permit with credit and background reports included.
At Laguna Woods Village RPM, we require that tenants pay for fees association with membership in the community including lease application and renewal fees. We complete all owner and tenant association applications, gather tenant signature and fees, and mail the package to the laguna woods leasing office. We ensure that tenants renew their membership each year as well complete annual lease renewal contracts.
We complete the Laguna Woods Property Manager Auohization allowing us to process all paperwork and provide all supporting documents needed to complete a lease application, sublease permit or renewal.
We work with many families leasing properties through a Power of Attorney for parental income, or as trustees caring for family investments.
We will help to draft contracts appropriate to your role with the property, can help to coordinate with Laguna Woods and will draft contracts that correctly reflect your authority to lease.
If you plan to lease a family members property to offset long term care, medical costs and/or provide income we can assist with Laguna Woods Authirization and proper setup of lease contracts.
If you are in the process of transferring a property we will ensure the new owners will have authorization to lease the property after completion of the transfer. We can assist in marketing at an appropriate time during the transfer to help minimize vacancy. Please contact us with any questions, we've helped many families to retain properties and manage for long term
Laguna Woods Village is organized into 4 mutual housing corporations. 1) The Golden Rain Foundation is responsible for shared amenities ( clubhouses, pools, etc. ) 2) The Third Laguna Woods (Third or Condos) includes just over 6,000 condominiums. 3) United Laguna Woods Mutual (COOPs) is a stock cooperative with just over 6,000 cooperative units. 4) Laguna Woods Mutual No. Fifty (Towers) is just over 300 units located in the 2 Laguna Woods Towers. We manage in both the Condo and Coop communities, but the not in the Towers.
Two important distinctions are Condos and Coops. Condominiums have simpler ownership, maintenance and financing. Coops are memberships in a stock cooperative with stronger controls implemented by the mutual. Financing is more difficult, the mutual has more maintenance responsibilties depending on previous improvements made to the property, imposes more restrictions on ownership and renting of manors. Cooperatives are great investments but require a bit more knowledge to achieve financial success.
We complete all Laguna Woods Village paperwork required to manage and lease your property.
The Laguna Woods Property Manager Authorization allows Laguna Woods Village Property Management to coordinate repairs, handle lease authorizations / submlease permits and complete annual renewals.
We also work with the association to add your proeprty to our Dwelling Live account, this allows us to coordinate access for showings and vendor repairs efficiently.
We have managed extensive renovations in the community and are familiar with work that can be done simply, and work that requires association authorization.
We've helped many owners to prepare their properties for lease and can help guide you with the most cost effective repairs to get your property leased quickly and your investment performing for you.
Laguna Woods Village has a wide breadth of Amenities. A guard gated and active community with golf, clubhouses, pools, tennis courts, clubs, educational opportunities,
In our experience renters truly enjoy living in the community and often stay in their rental untis longer than...
Access to amenties to released by owners to tenants when leasing a manor. Owners retain access to the community for maintenance of their manor, but do not retain rights to access community amenties.