Nonresident owners rights?

After reading Richard’s remarks about corporations, buying up many units, and then impacting the quality of life for the local resident homeowners, I wanted to share this tidbit.



Apparently in a condo that I own in Florida, we do have rental restrictions and a minimum rental term of three months. It’s in a beach community, so there are a lot of winter snowbirds coming down. If I rent my unit out for the three month minimum. I have to give up my rights to the common areas, like the clubhouse and pool, and those rights are, then transferred to the tenant for use of those amenities. So we have a harbor area with about 50 boat slips, and if one of those boat owners decides to rent out his apartment, he hast to remove his boat. Regardless of whether the Renter brings a boat or is supposed to use the owners Boat, he cannot keep his boat on the dock if he rents out the apartment. Interesting, right?


The owner still has voting rights, but he just cannot use the amenities. We also have a limit of any one owner can only own up to three apartments in the 400 unit development.

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