Section 6.27. Lease and Rental Restrictions. Subject to any approved exception for Hardship as provided herein, no Lot, or any portion of a Lot, may be rented or leased for any term, directly or indirectly, to a Third Party. It is the intent that all Lots shall be occupied by individuals or certain related individuals who have a substantial economic interest in their Lot. 

A lease in effect on October 18, 2021, shall be allowed to continue until the earlier of (i) the expiration of the term of lease (including extensions), or (ii) the date the Lot is transferred or leased to a different Third Party. Oral leases and subleases shall not be permitted or recognized as an exception. For purposes of this provision, "Third Party" shall be defined as any person who is not (i) a Member, (ii) the beneficial owner of all interests of a Member who is not an individual, or (iii) the parent, grandparent, child or grandchild of an individual described in (i) or (ii). 

The Board, in its sole and absolute discretion, may approve an exception to the restriction set forth in this section in the event of a Member's extended absence from such Member's Lot is caused by military service, medical conditions, or other hardship (such approved reason, a "Hardship"). Any Member may make a request in writing to the Board for a Hardship exception. Upon receipt of such request, the Board shall consider said request at a special meeting held within two weeks of its receipt of the request. 

At such meeting, the Board may (i) approve such exception subject to any conditions or requirements it establishes, or (ii) deny such exception. Any approved Hardship exception shall be valid for a period not to exceed one year from the date of approval. Prior to the expiration of any exception, the Member may make a written request for an additional period not to exceed one year. No Hardship exception may be extended beyond a total of two years.