General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago,
HOA's Management Company seeking "rental fee"
As this site hosts so many great minds, I'm back for some advice:
We own a great townhome in MN.
We've had a terrific family in the home for nearly 4 years (and another family that lived there for 4 year before as well).
The HOA's Rules & Regulations specify that in the event of a rental, the owners will pay the Management Company a specific cost for a background and credit check. We abide by that rule and take great pride in following the HOA's Rules & Regulations.
The HOA recently (a little over a year ago) changed the management company that oversees the property.
We just received an email from the management company, asking if our home was a rental (it's in their records along with the current lease), and if so, that we need to pay a $200 fee annually to them for having a rental.
Going over the Rules & Regulations, there is absolutely no word on such a fee.
We haven't responded to their message and I'm wondering if I can refute it in any way.
Beyond the high amount they charge for their credit and background check, this $200 a year seems like a money grab.
Would appreciate some insight to see whether I have an argument here or have no choice but to pay them.