Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

11
Posts
3
Votes

HOA just changed rules - hurting investors

James Landsford
Posted

I have a handful of condominiums that I purchased in 2014 that are run by an HOA. The HOA rules and covenants were put in place in the 1960's.

the board just passed a new rule where they have decided that owners occupants can have pets but owners who decide to rent units are no longer allowed to rent to tenants with ANY type of pet.

This appears to be discriminatory and alters the investment value of my property. I would like to know if anyone else has ever encountered a similar issue?




Most Popular Reply

User Stats

2,090
Posts
4,931
Votes
Greg M.#3 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Los Angeles, CA
4,931
Votes |
2,090
Posts
Greg M.#3 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Los Angeles, CA
Replied

The legality of this is still in question. Excluding voting, owners can usually pass their rights on to their tenants. For example, an owner has the right to use the community tennis court. Therefore, their renter has that same right. Whether it extends to pets kept inside a unit and not just common area usage is legally undecided. 

If the rule was just passed you can void it if not properly introduced (advance notice, public meeting, etc). Generally rules don't take effect until 30 days after implementation, so you have time to get the requested signatures to contest it. You can run for the Board and try to change it. You can say FU to the rule and let the Board know you will be taking them to court if they try to enforce it. Easiest thing: You can request that all current owners be grandfathered in. Most Boards will do this as it removes their liability with existing owners, but allows the rule to be enforced when moving forward. 

Loading replies...