Condo Q&A

25 of 70 units in condo building are rentals. Too much?

Written by CondoAssociation.com | Fri, May 15, 2015 @ 09:47 AM
I bought my condo 19 years ago.  There was one rental at that time.  Now, 19 years later we have 25 renters out of a 70 unit condo building.  There is nothing referring to this in our documents as this was never a problem and the furthest thing from any ones mind at the time.  I certainly did not intend to purchase a rental building.
 
Secondly, the Board of Directors has allowed one woman. an investor, living in Peru, to purchase five (5) different units all in our building.  Is this allowed.
 
When it comes to voting on various issues, this seems quite partial as well as unfair.
 
I would appreciate your response very much.