Leasing restrictions can be one of the most controversial and complicated matters in community association governance.  Between statutory requirements, governing documents and VA/FHA regulations, how are Associations supposed to sort it all out, especially when there are often conflicts between them?  Not to mention the fact that statutory and lender regulations seem to change just when you are starting to get use to the current requirements.  The information below is meant to provide you with a general overview to help you determine if you are properly handling rentals in your association or wish to restrict them.  But remember, it’s subject to change without much notice!
Continue Reading Leasing Restrictions Dos and Don’ts