Which in my opinion, if the law was really put into place to protect consumers, LO's & RTO's are a lot worse financial option for consumers looking to purchase homes.The dumbest thing to me is its fine to charge them RENT for the rest of their lives, they'll never own anything, have very little rights, and you can raise the rent every time the lease is up... but if you want to help them actually BUY a home, they have to be protected.

I don't know the landlord tenant laws if your state, but you can check if they notified you in a timely bases.

Did your in laws add any other unique features?

Ive challenged them on this since there was not vote by the homeowners, that im aware of, and they essentially quoted as 2008 law  that says the the board can: (18) Exercise any other powers necessary and proper for the governance and operation of the association.The reason they have implemented is that there was a bad landlord that allowed a tenant to rent that eventually got busted for drugs.   

Claim denied, no insurable interest of the policyholder (the LLC owns it, not John Doe)Truly mind boggling the bad law and insurance advice given on this forum.There is no free lunch.

Most likely this will be 8 or 10% of rent, but the only way to find out for sure is to talk to a few local PMs.You may want to check the local landlord laws for billing the tenants back for water/sewer/gas that you pay for the building.

As for the gas and water, check your local laws and market conditions. 

Landlords advising to charge a hourly rate that do not have codes authorising this charge may be challenged by a tennat and in a court of law will likely have the charges denied.

And I actually don't feel comfortable abusing the law for free rent from a person in the flesh. 

Depends on your state laws.