To all Owners of Las Palmas:
 
Consistent with the direction of the last Las Palmas  owners meeting in February of 2011, The HOA entered into a Rental Agreement with Long Realty/Castaways Vacation Rentals to rent Clubhouse office space, the former Developer Sales Office for a four month term with an option for a longer term on a move forward basis.
 
The details are as follows:

• TERM OCT 1, 2011 to JAN 31, 2012
• To rent the space formerly leased by the Developer and then Dolphin Rentals as a sales office.
• Tenant agrees to pay 1% commission of all successful real estate sales within the Las Palmas community
• Tenant agrees to pay their share of utilities.
• Tenant's nature of the business is  real estate sales, long term rentals, and short term rentals and other related services to Las Palmas owners.
• Castaways must collect impact fees consistent with the impact fees collected by Dolphin Rentals, should Castaways complete any short term rentals within Las Palmas during this period.
• Castaway and its representatives are to not solicit Dolphin Rental onsite guests and/or customers regarding short term rentals.
• Long Realty/ Castaway Rentals has an option for a long term rental agreement to commence February 1,2012 , the end date to be determined. The rent amount is to be consistent/ equivelent to the same dollar rate per square foot as other tenants in the clubhouse.
• Additionally, Long Realty/Castaways Vacation Rentals agreed to conduct a feasibility study on how a second onsite rental company can benefit the owners of Las Palmas. The Owners of Long Realty/Castaway have agreed to make a presentation to the General Membership regarding the results of their study and the services they offer. This will take place at our next Owners General Assembly Meeting on Jan 21, 2012.