 |
Daily Real Estate News | May 27, 2004 |
Fla.: Winning the Right to Rent Condos
Angry over a new rule that restricted the length of time his condominium could be rented out to vacationers, an Amelia Island condo owner took his case to the Florida Legislature and won. The result of his efforts are S.B. 1184 and H.B. 411, two bills that require homeowners associations to grandfather in existing condo owners when changes are made to the community's bylaws that related to rentals.
The bills, which are now awaiting signature by Gov. Jeb Bush, would require that any amendments restricting unit owners' rights relating to the rental of units applies only to unit owners who consent to the amendment and those unit owners who purchase their units after the effective date of that amendment. If Bush signs the bills, the law would go into effect Oct. 1, 2004.
Clyde Goodbread, executive officer at the Amelia Island-Nassau County Association of REALTORSŪ, says the association supported the condo owner's efforts by lobbying local representatives. At the heart of the issue, says Goodbread, was an owner who purchased the condo with intention of using it for short-term rentals. The homeowners association changed the rules in 2000, leaving the owner high and dry.
"It's a matter of property rights and that's why we got behind it," says Goodbread. "He was promised one thing at the time of purchase and then the association changed the rules on him."
By Bridget McCrea for REALTORŪ Magazine Online
Browse all of today's news
| |
|
RSS Feed