Condo Q&A

Should MA association cap rentals to keep FHA approval?

Written by CondoAssociation.com | Tue, Dec 15, 2015 @ 06:22 PM

Our documents say nothing regarding renters.

We were just approved for FHA, and one of the the criteria that weighed heavily was a low percentage of renters. Being an over 55 comunity, renting and buying up by investors could prevent an FHA renewal.

Should we consider putting a cap on rentals?