Small BOD in Lakewood National (Sarasota) forcing out our renters

[April Price]

Has anyone had a bad experience with a new Board overseeing their community? Our new Board wants to change our transfer fees from the $220 it has been to $1200!! It feels like a gut punch. After a huge uproar from many of us it only went to $600 but soon they want to increase to $1200. This os only charged to renters. Few want to go private out of 1550+ doors in our community. The other day, there were Board members telling renters their future plans, so renters are now cancelling renewals for next year. We bring in great tenants and revenue that they will lose. It doesn't make good business sense to me but maybe I'm looking through a biased lens? Any veteran investors  have experience with this type of situation? Appreciate feedback. Thank you!