For 35 years there have been no restrictions on rentals of units in our 55+ condo association community. Last year an amendment was passed stating that condo units may only be rented after the owner has lived in the unit for one year. Now, as renters are leaving, owners (not just absentee owners, but long-time residents) are being told that they may not rent the unit again, so their only alternatives are either selling and taking a big loss in today's market or keeping up an empty unit and paying the costs. The condo board will not consider grandfathering them in and then changing the amendment, in spite of appeals. What are our alternatives?
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