SamK3 (Washington)
Posts: 3
Posts: 3
Posted:
Hi,
I am looking forward to purchase a townhouse in Seattle. I found this HOA document (https://www.seattlehousing.org/business/consulting/pdf/4332Exhibit_E_RVEHOA_CCRs_Addendum1.pdf), and it states that 'Rental of Homeowner units is discouraged', and it has following 3 rental restrictions (from page 34).
1. No unit may be rented for a total of more than three years under an owner[...]
2. No owner shall lease the unit for one year after conveyance of the unit to an owner[...]
3. Rental Cap. The rental cap is 7.5% of the Units.[...]
The thing I am curious is that, these constraints were written with term 'Unit'. Is 'renting a room to a stranger' considered as 'renting a unit'? I will still be primarily living in my townhouse, and 'renting an extra room' to my friends/colleagues/strangers will help me financially at some level.
The HOA document does not seem to have any policy about 'Renting a room or rooms'. So I decided to ask HOA experts here to learn about it.
Is 'renting a room' same as 'renting a unit'?
I am looking forward to purchase a townhouse in Seattle. I found this HOA document (https://www.seattlehousing.org/business/consulting/pdf/4332Exhibit_E_RVEHOA_CCRs_Addendum1.pdf), and it states that 'Rental of Homeowner units is discouraged', and it has following 3 rental restrictions (from page 34).
1. No unit may be rented for a total of more than three years under an owner[...]
2. No owner shall lease the unit for one year after conveyance of the unit to an owner[...]
3. Rental Cap. The rental cap is 7.5% of the Units.[...]
The thing I am curious is that, these constraints were written with term 'Unit'. Is 'renting a room to a stranger' considered as 'renting a unit'? I will still be primarily living in my townhouse, and 'renting an extra room' to my friends/colleagues/strangers will help me financially at some level.
The HOA document does not seem to have any policy about 'Renting a room or rooms'. So I decided to ask HOA experts here to learn about it.
Is 'renting a room' same as 'renting a unit'?