Condo Conversations: Exploring the owner’s right to rent out a condo unit (VA)

After last month’s Condo Conversations, we received a reader question that provides the topic of our discussion this month. The issue is about the complex nature of renting a condo unit and clarifies a bit about the decision-making within the condo association.  The reader wrote: “I own a condo in Norfolk. We are exceeding our rental cap, and there is discussion that because holders of VA (Veterans Affairs) loans can jump to the front of the line and rent, they should not be included in the rental cap. If our rentals exceed 50 percent, do the owners lose control of the board?”  The factors that limit the percentage of rented units out of total units in a condominium are complex.     Read the article…………….

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