StanS3 (Florida)
Posts: 1
Posts: 1
Posted:
I have a unit in a multi-story building. I purchased it with the intent on renting it out at least occasionally, but never even thought it would be so complicated. Here are some of the rules:
1-Unit must be owned for at least 1 year before it can be rented out (no problems with this one, I understand the purpose).
2-Unit can only be rented once every two years - This one seems to be unreasonable, most people sign a one year contract.
3- I have to have an appliance service contract with a third party.
4-Renter has to pay a 1 month deposit to HOA, pass HOA screening($150.00)with a lot of personal info i.e., bank verification, references and so on AND a face to face interview.
Then, I have to have a rental contract. All of this makes it so complicated for myself and potential renter, that it is almost impossible to find a goo renter, especially with having to pay 2 deposits, one to HOA and one to landlord - me.
QUESTION:
Unit is in Florida and are there any regulations that regulate or put a limit on the level of complication that HOA can enforce? It seems that with enough votes you can do any amendment or change to bylaws, after all a majority never cares about minority until they find themselves to be a minority.
1-Unit must be owned for at least 1 year before it can be rented out (no problems with this one, I understand the purpose).
2-Unit can only be rented once every two years - This one seems to be unreasonable, most people sign a one year contract.
3- I have to have an appliance service contract with a third party.
4-Renter has to pay a 1 month deposit to HOA, pass HOA screening($150.00)with a lot of personal info i.e., bank verification, references and so on AND a face to face interview.
Then, I have to have a rental contract. All of this makes it so complicated for myself and potential renter, that it is almost impossible to find a goo renter, especially with having to pay 2 deposits, one to HOA and one to landlord - me.
QUESTION:
Unit is in Florida and are there any regulations that regulate or put a limit on the level of complication that HOA can enforce? It seems that with enough votes you can do any amendment or change to bylaws, after all a majority never cares about minority until they find themselves to be a minority.