Condo Q&A

Luxury HOA doesnt want investor's renters in the neighborhood

Written by stephen polinsky | Tue, Jun 12, 2012 @ 02:01 PM

I have a home in Amelia Island, FL that I purchased 10+ years ago. We had an investor purchase a home in our subdivision. He was renting it by the week since there were no restrictions on rentals. The neighbors in this upscale neighborhood did not like the renting of the house. They asked and the HOA just passed a new rule, by 80% of the voters in the HOA, that rentals will not be allowed for less than 3 months. Am I bound by this since there were no restrictions when I purchased the home and I did not vote for the change?