Article 8.4 restricts rentals of units in the entire development to only 30% as if the “Residency Requirement” won’t impact your resale value enough. This article could very easily violate your right to rent your unit for 3 to 5+ years based on how many are on the waiting list. Rental restrictions can help hold property value in lower-income developments; however, tenant restrictions based on credit scores have proven to be better without infringing on property owner’s rights.
Article 8.4 B – Rental Cap (This increases foreclosures & kills resale value.)
