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Updated over 2 years ago on . Most recent reply

User Stats

17
Posts
6
Votes
Michael Pence
  • New to Real Estate
  • Overland Park, KS
6
Votes |
17
Posts

Langauge in Covenants Restricting Short Term

Michael Pence
  • New to Real Estate
  • Overland Park, KS
Posted

Hello BP Legal Minds,

I have identified a distressed property with a distressed seller on the Lake of the Ozarks. It is in need of a complete overhaul, but the VP of the HOA said that short-term rentals are prohibited. We are very interested in the property for our Family as a family vacation home that we occasionally rent out to a vetted guests. Would anyone be willing to share their opinion on the below language pulled from the covenant?

Thank you in advance,

Mike P.

Most Popular Reply

User Stats

17
Posts
6
Votes
Michael Pence
  • New to Real Estate
  • Overland Park, KS
6
Votes |
17
Posts
Michael Pence
  • New to Real Estate
  • Overland Park, KS
Replied

@James Neill thanks James. I believe I have identified three other properties in the neighborhood that are listed on VRBO/AirBNB. We have shifted our mindset to a fix and flip.

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