[kris10xoxo]

Up

0

Down

::

I don’t think they can tell you who you can and can’t sell your house to but there are other ways HOAs can use to discourage investment companies from buying homes in the community. One way is to restrict rentals or put a moratorium on them. Like any new homeowners can’t rent out their houses for 2 years or something like that. Rental restrictions are common in HOAs, so I wouoldn’t be surprised if your HOA did that

[peggysus]

Up

0

Down

::

If we are talking about amendments to your covenants, then you usually need a 2/3 majority vote of the membership to incorporate such a change.

[irvinec]

Up

0

Down

::

Yep you typically need a 67% majority to approve a covenant change like that – and it IS a covenant change, not just a rule change, there’s a diffrence. also worth exploring whether or not youd be grandfathered in or not – be ready to lawyer up if your hoa challenges you on that

[Noname]

Up

0

Down

::

I live in IL under a restrictive protective covenant. This conversation relays a majority of group to make a change of the covenant. Does this mean the group who goes to meetings or majority of the homeowners of this community?

[Author]

Posts