Can Condominium Association Restrict Rentals?

Rating: 1 Posted By: dynocarrot Views: 348 Replies: 4 I'm looking at condo documents for a property in VIRGINIA. The question: Is the condo board acting legally, or is it a runaway board exceeding its authority?The condo association is asserting a restriction that prevents owners from leasing their units if more than 35% units are already rented.

Topics:  rating   posted   views   replies   policy resolution   virginia   references:[1 the board   unit owners   condominium act    2 no   mortgagee   virginia   board   directors   association   restrict   lease   recorded   leasing   documents   units   powers   declarations   question   legally   foreclosure   hotel   instruments   years   rented   ii   transient   default   event   current   purposes   form   administration   written   bylaws   leases   give   tenant   require   providing   period   year   amend   comply   power   
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