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Regarding HOA Bylaws. Is there anyway that Renters can be…

Regarding HOA Bylaws. Is there...
Regarding HOA Bylaws. Is there anyway that Renters can be changed a high Monthly maintenance?
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Customer reply replied 6 months ago
Charged? Or even a security deposit?
Answered in 1 hour by:
7/24/2017
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Real Estate Law
Satisfied Customers: 20,561
Experience: B.A.; M.B.A.; J.D.
Verified

Hello: This is Phillipsesq. Welcome to JustAnswer! I am reviewing your post, and I will post my response very shortly. Thank you for your patience.

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Kindly provide proper foundation for your questions.

Kindly provide additional information regarding your issue.

Kindly clarify.

Is the HOA trying to charge renters higher than the owners?

Thank you for your cooperation.

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Customer reply replied 6 months ago
Hello, There are 200 units where about 20% of them are rented. We would like the ownership to be 100% in time. Therefore, we will be modifying our Bylaws to limited renters in the future. However are we also allowed to have a two tier HOA monthly expense. Charge home owners one monthly cost & then charge renters a high cost or at least a security deposit?

Thank you for the information.

Unfortunately, you cannot do that. All homeowners must be charged the same monthly fees. It does not matter if they are renting their units. You also cannot impose the Security Deposit fees.

I am sorry that I do not have better news for you.

Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Real Estate Law
Satisfied Customers: 20,561
Experience: B.A.; M.B.A.; J.D.
Verified
Phillips Esq. and 87 other Real Estate Law Specialists are ready to help you
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Phillips Esq.
Phillips Esq.
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Category: Real Estate Law
Satisfied Customers: 20,561
20,561 Satisfied Customers
Experience: B.A.; M.B.A.; J.D.

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