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Old 02-18-2017, 05:03 AM
 
1 posts, read 843 times
Reputation: 10

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Hello,
I'm hoping someone out there can help. I bought my condo back in 2007. The condo association was pretty non existent then. I lived in the place for 2 years and then started renting it out. Recently, they have had meetings where I just got the meeting notes requesting a bunch of info. Specifically:

1) The lease for all renters in the building
2) Demanding $500 for renters to move in/out
3) Stating that they want to drop to a 50% renter occupancy rate and hence any current rentals will be grandfathered in and new rentals will be treated as new and won't be allowed until the rental occupancy rate drops.
4) They are trying to stipulate the length of the lease -- must be no shorter than 180 days.

My questions:
1) Can the condo association actually demand the lease for all renters? There's personal info about the renters in the lease. What are my rights? I wasn't even invited to the condo association meeting where this was all decided.
2) My current tenant is on a month to month. Can they legally require me to modify my lease?
3) What are my options overall? I bought the place with the intention to rent it after I moved out when there weren't any rules in place. If they have legal standing with these new rules then I could potentially be forced to have a vacant condo that I can't rent when the current renter moves out.

Any help/guidance is very much appreciated.

Thanks!
SunshineYellow
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Old 02-18-2017, 07:17 AM
 
Location: Philadelphia
1,697 posts, read 972,355 times
Reputation: 1318
$500 seems like a lot for in and out. I've heard of HOAs charging a fee bit it's usually half of that. It's because there's invariably some damage that happens during the move. Our building takes a deposit that is refundable.

I think you're screwed with the lease length. Our bylaws stipulate a year minimum.

I hear about this a lot. You have ano HOA that is totally in the background and then someone gets a hair across their ass for some reason and shakes things up. They can get tyrannical.

Wish I had better news for you.
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Old 02-19-2017, 10:17 AM
 
10,787 posts, read 8,758,078 times
Reputation: 3984
Quote:
Originally Posted by Redddog View Post
$500 seems like a lot for in and out. I've heard of HOAs charging a fee bit it's usually half of that. It's because there's invariably some damage that happens during the move. Our building takes a deposit that is refundable.

I think you're screwed with the lease length. Our bylaws stipulate a year minimum.

I hear about this a lot. You have ano HOA that is totally in the background and then someone gets a hair across their ass for some reason and shakes things up. They can get tyrannical.

Wish I had better news for you.
OP, I'm the president of our HOA board.

Our "move in/move out " fee is $300.

We require lease copies from landlords.

We instituted a rental cap with the same stipulations as was done in your condo. However our bylaws required that it be voted on by owners. The major reason we did it was because having too many rentals (50% of units or more) affects HUD certification and our HOA condo insurance package. We are now over 60% owner occupied.

Unlike most condos we do not have a management company. We fired two of them because of financial irregularities. We are self-managed and hired our own property manager who answers to the board. It's working quite well for us so far.

And, yes, you are probably screwed with lease length; we require a year as well.
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