If you seek a pet fee, then make sure the lease is amended to show that they broke the no pet rule, and it was resolved by adding a pet fee or something similar.

The IL Condo Property Ace is quite clear about the process required in order to amend governing documents, of which rules and regs are one.

Also make sure you have the ability to adjust/amend it at your own discretion.

I paid 40k in back tax's plus gave the owner 10k before she lost the property in a matter of days.. but she would never sign the closing docs.. so i was forced to sue for performance.. she did not have the money to give me my money back.. took 2 years and about 15k in attorneys fees but we won.. even with the judges order she would never sign the deed.. so  I had to go back in and get the judge to amend the order in a manner that title company would insure me based on his court order.. its the first time I ended up owning anything with NO deed transferring title.  

Either way get the elevation cert, as having this in hand can reduce your premiums as without the elevation cert you are always quoted the highest premiums VS your actual base flood elevation measurements...I once had a property removed from flood plane went from AE to X via a elevation cert and a LOMA - Letter of Map amendment. 

Ride it out and decide if you want to renew.Also, if they can show that the current owner knew about smoking and pets, you won't be able to evict on that basis, because it would be considered a mutually agreed amendment to the lease.

You also may think about amending returns to reflect the depreciation.  

Paul also signed a Contingency removal removing all contingencies, buyers inspection Advisory, & Release of EMD amendment.

The recent amendments say it belongs to the redeeming party.

Would this need to be a new lease or or amendment?