---
title: What should owner occupancy percentages be for HOAs and condos?
description: Owner/Occupancy ratio - Our condo association documents specifically state that permission must be requested
---

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# What should owner occupancy percentages be for HOAs and condos?

| [Common Area Issues](https://www.condoassociation.com/blog/topic/common-area-issues) |  

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## What do you think? Question:

 Our condo association documents specifically state that permission must be requested in writing to the BOD to rent units and permission will be granted only if in compliance with "lender regulations" (generically speaking). What can the Board do if individuals rent without permission. The current ratio is 51.6% owner occupied so more rentals will affect future sales and refinances. The current fine assessment schedule is $50 per violation. But the larger issue is the potential for losing financing. The local Real Estate market and values are good to increasing in value. The larger factor is the desirability of one bedroom units and the rental market. If amendments are necessary, any recommendations for wording?

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## What do you think? Answers (9)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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