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Updated over 2 years ago,
HOA Lease Restriction Verbiage against STR
So maybe I am thinking way too much into this but I wanted to get the communities thoughts on what type of verbiage in the CCRs would constitute in Short Term Rentals not being allowed.
I am in North Carolina and many of the CCRs I see have lease restrictions ranging seven days to twelve months typically. That is all it will say in the CCR.
ex) Any lease of a unit or portion thereof shall be in writing and shall provide that the terms of the lease shall be subject in all respects to the condominium documents...No unit may be leased for a period of shorter than 30 days.
I have seen others where it says no unit shall be used for hotel or transient purposes. When I see that, it makes sense that they will not allow STRs but when I just see lease restrictions I am wondering if that automatically designates non Air BnB use.
I would love to get your thoughts especially if you have purchased a property for use as an STR in an HOA. It be great if I could some legal experts to chime in as well. Also if you see verbiage in the CCR like above stated as a best practice do you still contact the HOA management to confirm if STR are allowed or just rely on CCR?
Thanks.