Rental restrictions have been a topic of conversation among those living in and serving community associations for several years. However, in the past few years the conversation has shifted from things such as rental caps to specific provisions regarding short term rentals. Associations are understandably concerned about short term rentals given that associations are “shared risk, shared rewards” entities, owners may have expectations about living in a residential (i.e., primarily owner-occupied) community, most CC&Rs prohibit “transient” housing, associations are self-governing, and associations do not have a legal relationship (or a direct right of enforcement) against tenants. Read the article……………
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