KathyF1 (North Carolina)
Posts: 3
Posts: 3
Posted:
I have been reading the rental related posts and I can not get a good grip on what we can an cannot do in North Carolina. I do appologize if this has been discussed before.
Here is our senario:
We live in a PUD of 29 single famliy homes. The homes are unattached and we have a HOA for our comminity. We will be meeting with an attorney next week, but to save money and time, we just want to get an idea on what we can legally do. A few years back ( 4 or 5) the Board changed the regulations to allow rentals without placing a cap. Currently, we only require that they supply the HOA with a copy of the 1 year or longer lease and the names of the renters. We are now pushing the 50% mark and are getting concerned. Homes for sale are not selling and the first 5 with 3 having "for rent" signs posted in the windows. we are also getting visits for local Law Enforcement due to the renters.
Does anyone have any ideas or information specific to North Carolina and to single family homes (not condos)?
Your input will be greatly appreciated!
Thank you in advance!
Kathy F
Here is our senario:
We live in a PUD of 29 single famliy homes. The homes are unattached and we have a HOA for our comminity. We will be meeting with an attorney next week, but to save money and time, we just want to get an idea on what we can legally do. A few years back ( 4 or 5) the Board changed the regulations to allow rentals without placing a cap. Currently, we only require that they supply the HOA with a copy of the 1 year or longer lease and the names of the renters. We are now pushing the 50% mark and are getting concerned. Homes for sale are not selling and the first 5 with 3 having "for rent" signs posted in the windows. we are also getting visits for local Law Enforcement due to the renters.
Does anyone have any ideas or information specific to North Carolina and to single family homes (not condos)?
Your input will be greatly appreciated!
Thank you in advance!
Kathy F