Learn more about our management packages today —
Call toll free (888) 565-1226

Tag Archives: single

IN: Cheap housing cheapens condos

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

For a year now, Phil Davis has been trying to sell a 1,400-square-foot condo at Midtowne Crossing, and though he says about 50 people have looked at it, he hasn’t gotten a single offer.
Read more

The Trouble with Condos.

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

In the housing meltdown, even outside the usual housing bust hotspots, some condominium owners are faring even worse than owners of single-family homes.
Read more

Two-family rental may violate codes

Q: Last year our HOA’s rental policy was challenged by a developer. We had previously not allowed rentals. After a new vote, property owners are now allowed to rent their properties. However, our restrictive covenants clearly state that homes are for single-family use only. There is a home in our community which has multiple levels and was marketed by a Realtor last year as having multi-family capability. Citing our restrictions, our board asked him not to market the house as multi-family. The house was recently sold and the new owner intends to rent the home. During a conversation with me he stated that he intended to rent the downstairs and occupy the upstairs himself. Our board feels this is a violation of the restrictive covenants. What recourse does our board have? You indicate that your CCRs (covenants, conditions and restrictions) restrict homes to “single-family” use. Is the term “single-family” defined in your CCRs?

Read more