Tag Archives: allowing

What You Must Know Before Renting Out Homeowner Association Facilities

 

Many associations are considering a range of revenue-generating measures to offset ever-tightening budgets. But before you rent out your clubhouse or sell memberships to your golf course, pool, tennis courts, or other facilities to non-owners, keep a few critical rules in mind.

1) Consider the liability. The biggest issue that keeps associations from renting out their facilities to non-owners is liability. Check with your insurance carrier to find out if injuries to non-owners and injuries caused by non-owners would be covered under your current policy. Chances are they won’t, and it’ll be much more expensive to expand your policy to include that coverage. Once you know the additional insurance costs, you need to weigh them against the potential new revenue to determine whether the financial gain adequately offsets the added cost.

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WA: Nation’s First 55+ Retirement Community Gets Court Reprieve

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

The small town of Ryderwood in southwest Washington is thought to be the nation’s first seniors–only retirement community. The town will keep that distinction at least a little while longer. A federal appeals court has issued a temporary reprieve allowing age restrictions to remain in place.
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