So now the argument has nothing to do with Florida law and is resting on whether the proration depends on actual vacate date or what the date of termination was in their notice. 

In highly touristy areas like lakes or vacation spots, an STR typically generates higher income from short stays but may not attract long-term tenants due to seasonal demand.However, if the property is in a more versatile location, such as near schools, businesses, or urban centers, it may work as an LTR, providing steady income and fewer management demands. 

It is my understanding that you will need to vacate that unit if that rule is in the by-laws. 

We no longer manage vacation rentals but we use to charge 20%, which was on the lower side. 40% is higher than I ever heard of.

I feel like everyone went nuts post covid with vacation purchases and that has to come back to reality.

@Sebastian Bennett It is more so, the seller does not want to deal with the rental leases but was agreeable to vacating one unit because we plan to occupy one of the units (also as part of our loan).

That would require you to buy the next home either as a Second Home/Vacation home or investment home.

Lateefah, Yes, I'm a realtor here in the Emerald Coast, specializing in vacation rentals and investment properties. 

Easy...Vacation Rentals - Suck!

But a vacation rental, you'd better be ready to take calls and handle things at the most inopportune times.