Short-term rentals are this season’s hot topic. Many communities are wondering what they can do to overcome the challenge of having things like Airbnbs pop up in their neighborhood. There are ways that homeowners associations can impose regulations and restrictions on short-term rentals, without legislation having to pass.
“A majority of my associations have leasing restrictions of some sort,” says Shareholder Jennifer Horan in the Community Association Management Insider. “Most have minimum leases of six months, but I still have some that are 30 days and one that’s seven days.”
“When a renter steps into the shoes of an owner, he has the same right to use those amenities,” Jennifer says. “Associations can change provisions to prevent owners from using facilities if they have rented out their unit. That would prevent renters from taking advantage of amenities. Often, by the time you’re getting a report of an unauthorized renter, they’re gone,” Horan says.
Click here to read the full article in Community Association Management Insider.