JeanK2 (Florida)
Posts: 4
Posts: 4
Posted:
A new Florida statute 718.110(13) was clarified in July 2010 to it's current state to protect unit owner rights to rental. The statute says unit owners may not be prohibited from rental of their units. However, with the stress of Florida economic conditions, one Florida HOA that previously allowed owners to select their rental management company, passed a new HOA Amendment that restricts unit owner rentals to the HOA sponsored (developer owned) in house for profit Rental Management Company.
Can a HOA that passes an Amendment to limit owner rentals to it's mandated rental agency meet the test of 718.110(13) statute?
Can a HOA that passes an Amendment to limit owner rentals to it's mandated rental agency meet the test of 718.110(13) statute?