Why your HOA should restrict rentals
Your HOA can choose to disallow rentals altogether or limit the number of units that can be rented at any one time. In either case, your HOA may want to restrict rentals for a number of reasons.
Renters can result in frequent move-ins and move-outs, which can disrupt homeowners.
Renters also are not as invested in the property as homeowners, so may violate community rules or not maintain their units.
And it can be harder to establish a sense of community as renters usually do not stay as long as homeowners.
Other reasons to restrict rentals include a lack of eligible or interested volunteers to participate on the board or in committees,
possible higher costs for liability and casualty insurance and increased difficulty for future homeowners to obtain funding from lenders (or for current homeowners to refinance or take out a line of equity).
source:http://www.neighborhoodlink.com/article/Association/hoa_allow_rentals
