The determination that a property is being used as a transient accommodation use shall be made without regard to the form of ownership of the property or unit, or whether the occupant has a direct or an indirect ownership interest in the property or unit; and without regard to whether the right of occupancy arises from a rental agreement, other agreement, or the payment of consideration. (1) The term includes but is not limited to hotels, motels, recreational vehicle parks, tourist lodging facilities, resort condominiums, resort dwellings, vacation resorts, and dwelling units occupied or available for occupancy on an interval ownership or "time share" basis, when any of the foregoing are made available for occupancy more than three (3) times in any consecutive 365-day period and the right of occupancy is for a term less than monthly."

They're mostly row homes and apartment buildings that have the condominium form of ownership, but not your typical condo development you're used to seeing.

If I had to speculate I would assume it probably has to do with a combination of being more stringent on the rental cap due to FHA guidelines and their requirements, along with wanting to preserve the building's atmosphere of being a condominium not a hotel.

I am diving into a High End Waterfront Condominium Development Project.  

Hi All,Does anyone have an excel spreadsheet of a financial model for a new condominium development that they can share? 

Hi,Just wondering if there is anyone out there that invests primarily in condominiums as a long term buy and hold strategy.  

All mortgage payments or condominium and association fees will be current at Seller's expense at the time of closing.5.Payment of Expenses:If Buyer fails to perform, all loan and sale processing and closing costs incurred, whether the same were to be paid by Seller or Buyer will be the responsibility of the Buyer, with costs deducted from binder deposit.

@Dima DeSimone essentially what this means is that if your rental cap amendment passed with only 67% of the membership's vote (and not 90% which is commonly required to pass amendments related to "USE" of a condominium/community) then this case may enable associations to retract their amendments that were not passed by the proper number of votes.

I own several condominium units and served as President on the Association's Board of Directors for eight years.

That does not mean that there is an "HOA", or "Home Owner's Association", but there will be a Declaration of Condominium on file, as well as monthly assessments.