Preserve homeowner property rights
Within 6 months of our purchase, as we attended board meetings and HOA meetings, we learned many of the other owners and board members were hostile toward renters/ investors. This was not shared by the HOA manager when discussing our plans for the property. The board had drawn up revised declarations that included banning all rentals in the complex. The revised documents DO NOT unequivically grandfather in prior investors who bought under the previous rules .
We believe this action infringes on our property rights and should not be allowed. We have no issue banning future rentals but retroactively taking away our right to use the property as we had intended is unfair and discriminatory. It also forces a financial burden to sell the property
We would like to see this addressed in revised regulations and limit the ability of 2/3rds of HOA owners to take away property rights under these circumstances. This has a material impact on an owner that FORCEs a sale that revising parking, signage, noise ordinances, etc do not and should not be allowed,
Thank you
Thank you for visiting the community engagement tool for the HOA Homeowners’ Rights Task Force.
Pursuant to HB23-1105, this project has now concluded. On behalf of the Department of Regulatory Agencies and the Division of Real Estate, thank you for your interest and participation.