NATIONAL – The Rental Restriction Quandary in Residential HOAs
One of the most controversial battles in residential HOAs and Condos centers on rental restrictions. This blog analyzes the arguments for and against rental restrictions in HOAs, and why the ratio of tenants to owners in Associations has become a hot button issue.
The argument against rental restrictions
Like many Americans, I have owned homes in HOA-free neighborhoods, and I lived in these homes as my primary residence. However, when employment opportunities took my family to another state in the midst of the recent real estate bust, we found ourselves unable to sell our home of 14 years. Fortunately, we were able to lease the home to another family for about a year and half, until the market improved, when we were able to sell. I don’t know what we would have done if we had been forced to keep the house vacant due to rental restrictions that are often imposed by HOAs. Read more:
Posted on October 1, 2014, in Uncategorized. Bookmark the permalink. Comments Off on NATIONAL – The Rental Restriction Quandary in Residential HOAs.