HOA Governance: The Pros and Cons of an HOA Rental Cap

The policies of any HOA are sometimes a touchy subject because, at any one time, homeowners are simultaneously responsible for and subject to the rules set out by their home owner’s association. There are a number of perfectly normal policies that are put into place like a stylistic agreement to keep the neighborhood looking nice and everyone’s property values going in the right direction. However, problems sometimes arise when a particular policy favors the homeowners who moved in (and began voting) first and limits the actions of those who joined the neighborhood and HOA later on. One of these common but highly contested policies is the HOA Rental Cap.     Read the article……………..