The Lauren, A Condominium

December 17, 2008 

Dear Lauren Owner: 

In conjunction with the mailing of the 2009 budget I would like to take the opportunity to bring a few administrative items to your attention. Some, or all, of them may impact upon you in 2009, and thus I ask that you spend a few moments reviewing them. Please feel free to contact me on these or any other Lauren concerns. For those using e-mail my address is thelauren@juno.com. The association's business phone remains (202)-659-9483.

Monthly Condominium Fees

The Lauren's financial manager is Simmons Management Group of College Park MD. Their main phone number is 301.513.9300. They will shortly be mailing out a 2009 coupon book containing the appropriate 2009 monthly unit fee based upon percentage of ownership. Please note that residential units and parking spaces have distinct shares of ownership and subsequently distinct accounts and payment coupons. Fees may be paid in one of several ways:

1)  The Lauren offers the opportunity to participate in a direct debit program, wherein monthly fees are automatically deducted from your checking account. If you are interested in this method you must complete and submit the appropriate Direct Debit Authorization form found with your payment coupons. Those owners currently enrolled DO NOT have to reenroll.

2)  Payments may be made online. If you desire to use this method please visit the Simmons website (www.simmonsmamtgrp.com). On-line payments can be made by e-check, a one time credit/debit payment or recurring credit/debit payments. Please note there is a bank charge to you for using this method of payment.

3)  You may use a billpayer service. If you do so please be sure to have your paying authority include the correct account number as written on your coupons. Checks must be sent to the lockbox address as found on your coupons (not to the Lauren or Simmons!)

4)  You may write a check and mail it directly to the lockbox address as found on your coupons. Make sure to include the correct monthly coupon(s). Payments should be mailed in a timely fashion so as to be received at the lockbox and then processed on or before the 10^th of the month to avoid late payment penalties. Be sure to include the monthly coupon s with our check as they assist in maintaining accurate and timely record keeping.

5) NO PAYMENTS MAY BE SENT TO EITHER THE LAUREN OR SIMMONS.

Please remember that a $25.00 late charge will be posted to an account if payment is not received and processed by the 10th of the month. A second $25.00 late charge is imposed if a monthly payment is not received and processed by the last day of a given month. Likewise, any delinquency processing charges imposed by the financial manager will be passed along to you. Always maintaining a zero ($0) balance will avoid this.

Move-In's-Rentals-Resales-Renovations

Investor owners are reminded that a lease, Lauren condominium addendum, appropriate move-in fee and completed data base must be submitted and approved by the Board of Directors prior to a tenant's move-in. The responsibility to do so is the owners (not your tenant). Owners whose tenants move in prior to the approval of the lease by the Board are subject to a $200 per month fee until such time as they come into compliance with association regulations. Investor owners are also reminded that there are regulatory and administrative requirements imposed by local government on rental units. They are responsible for identifying and complying with them.

If a unit is sold, the current owner is required to purchase a resale package. Owners are reminded that they should comply with all applicable laws and regulations that may exist either on the federal or local level when they sell their unit.

If an owner is contemplating renovation to a unit they must submit plans to the Board of Directors for review and approval prior to any work taking place. Please note that in 2007 the Board of Directors adopted policies regulating the construction process. These are intended to preserve the common areas and maintain the quality of life for residents while facilitating upgrades that owners desire to implement within their unit. All owners desiring to undertake renovations must complete and return the appropriate form (which may be found on the Lauren's home page) before starting work. Owners are also reminded that they are responsible for knowing and complying with District regulations as to the necessity of obtaining permits and the use of licensed contractors when applicable.

Fee Schedules

The fee schedule for purchases and services currently in effect is listed below. Checks only (payable to The Lauren). No cash is accepted

Move-in (furnished unit)	$150.00	Pool key-owner or tenant-purchase-        -	$ 25.00
Move-in (unfurnished unit)                  $200.00		Garage transmitter-owner/tenant-purchase‑	$ 50.00
Move-in (penalty) more than 1 move per year.. .in ADDITION		In-unit labor charges- per hour	$ 40.00
to normal move in fee as above           $200.00		Resale package	$125.00
Non-security keys-purchase	$    5.00	Laundry card	$ 5.00
Roofgarden/Pool Party	Contact Manager	Prices for common in-unit repairs	Contact Manager

Best wishes for a joyous Holiday season and a healthy, happy New Year! 

                                               

                                                                        Walter J. Krolman, CMCA, AMS

                                                                        Property Manager