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Can HOA restrict number of leases in Utah
Hi BP! I'm a newby investor and after the 90 challenge, we purchased our first rental!! It's a single family home in Ogden but it has an HOA. I was approached by a neighbor who claims to be on the HOA committee and told me they only allow 8% of the units to be rentals and the previous owners owner-occupied the home. I looked over our CCRS and the section on leases states that there are only restrictions on short-term leases. Has anyone ever dealt with a situation like this and is there anything I can do to fight it if they can cap the number of rentals? Any feedback is greatly appreciated! Thanks
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Yes, they can cap the number of rentals or prohibit them all together, assuming they follow(ed) the proper procedures. You need to see the rules and regulations and amended CCR in addition to the original recorded CCR.