Combatting Condominium Short Term Rentals

As the apartment boom in Ohio continues to grow, many condominum owners and investors want to rent their condominium units, and often want to do so on a short-term basis.  Condominium owner-occupants are often opposed to such rentals within their community, for important reasons such as insurance coverage, increased liability, complaince with Federal mortgagee requirements, property maintenance, and general community spirit.

While many associations have passed reasonable restrictions on leasing as an amendment to the association’s declaration, many association boards are specifically asking how to combat short term rentals, particularly in non-vacation areas.  To address this issue, HOAleader.com recently publishes a series of articles regarding combatting condominium short term rentals.  To view the article, please visit the following link:

http://www.hoaleader.com/public/Wait-Theres-More-Additional-Ideas-to-Combat-ShortTerm-Rentals.cfm

As always, should an association board member or professional property manager have specific questions on how to address this issue in your community, please contact one of the Kaman & Cusimano attorneys for specific counsel and guidance.

Categories

Three bars icon gold

Recent blog Posts

Three bars icon gold

Eads, Murray & Pugh Joining Forces With Kaman & Cusimano

Expanding Excellence in Indiana Community Association Law Eads, Murray & Pugh and Kaman & Cusimano ...
Read More →

Can Community Associations hold a 50/50 raffle or bingo night to make money for the Association?

Community associations often look for creative ways to fund social events, amenities, or community improvements. ...
Read More →

Volunteers Deserve Protection Too – What Steps should the Association Take to Protect Board Members?

Community associations play a vital role in managing and maintaining common property, safeguarding the community’s financial investments, ...
Read More →

Experience Committees Create Joy and Functionality – Does Your Association Have One?

In recent years, a number of associations that we represent have created experience committees for their ...
Read More →