Renter or Tenants are often labeled as troublemakers in communities or the cause of reduced property values. Many associations consider prohibiting or limiting rental of units in their community for this reason alone.
However, there may be less aggressive and cheaper ways to address concerns. For example, consider leasing rules which:
- Require all leases to include a provision making a violation of association governing documents a breach of the lease;
- Provide owners with a letter to give to their tenants explaining life in your association. What is expected and how issues are addressed. Contact any of our attorneys for a model letter your association can use;
- Require owners to provide a copy of the lease to the association;
- Encourage owners to run background checks on tenants;
- Make is clear that the owner is responsible for all actions of the tenant and fines will be imposed against the owner; and
- Modify your declaration to give the association the right to evict a tenant if there is a violation of the lease and the owner fails to evict.
For more information about how to address concerns with rentals in your community, contact us at 303.432.9999.