Pass Rule Requiring Lease Addendum for Renters
Many associations allow their members to rent out their units, provided they follow association guidelines regarding how this is done. Renters can help a community by taking care of units that would otherwise sit empty, and by financially relieving a member who’s having trouble paying her mortgage or assessments and fees. But the transient nature of renters creates risks for the association. It’s hard to make renters have the same vested interest in the well-being of the community that members have.
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