Owning a condo in the sunny state of Florida offers plenty of perks, especially if it is a secondary residence or an investment property. If you are considering renting out your condo to others, whether for short-term vacations or long-term leases, you must keep in mind the condo association board’s rules.
This board’s approval is usually necessary and can affect your plans to rent out your property.
The role of the condo association board
In Florida, many condominium communities operate under a condo association board. This board exists to oversee the day-to-day operations of the condo community and ensure that residents adhere to the established rules and guidelines. These rules, commonly found in the association’s bylaws or governing documents, can range from pet policies to aesthetic standards for exteriors.
When it comes to renting out your condo, the board has a vested interest in who occupies the units. Their primary concern is maintaining a harmonious community atmosphere and ensuring the safety and well-being of all residents. As a result, many boards have established rules regarding rentals.
Why board approval is often required
A board may enforce rules about renting out condos to maintain a stable community environment. Frequently changing tenants can disrupt the community’s vibe and sense of familiarity. To mitigate this, boards might limit the number of rentals allowed or establish minimum lease periods.
Owners have a vested interest in the property, but renters might not always exhibit the same level of care or respect for community guidelines. By vetting potential renters, the board aims to minimize potential conflicts or rule violations.
So, if you are considering renting out your Florida condo, you should get board approval if it is necessary. Skipping this step can result in fines or other penalties.