Tag Archives: cap

Rental Cap Management

Rental Cap Management

Making certain your community complies with Federal Housing Administration (FHA) rental caps can make a world of difference for potential buyers seeking FHA loans. However, managing community rental caps can be a huge administrative headache. Community Service Management has...

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Announcing our NEW Rental/Lease Cap Management Service

  

With the implementation of the latest requirements from the Federal Housing Administration (FHA) requiring that rentals be under a certain percentage of the total number of units/homes in Homeowners Associations and Condominium Associations for buyers to qualify for FHA backed loans, many communities have opted to amend their governing documents to institute a Rental or Lease Cap.
 

Community Association Management has developed a new service in response to the need for administrative management of these rental caps. This service is designed to take the burden off of the board in managing and assist in the enforcement of the rental cap.

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