We changed our bylaws this past year to say that you could not own more than two units and you had to live in one of the two. It passed, but barely. We have a person in there that owned three units and she sold two of them to a couple who live across the street. This couple now rents them out. They were one of the reasons we changed the …
We changed our bylaws this past year to say that you could not own more than two units and you had to live in one of the two. It passed, but barely. We have a person in there that owned three units and she sold two of them to a couple who live across the street. This couple now rents them out. They were one of the reasons we changed the bylaws. Unfortunately, they are grandfathered in but at least we stopped it from happening in the future.
We changed our bylaws this past year to say that you could not own more than two units and you had to live in one of the two. It passed, but barely. We have a person in there that owned three units and she sold two of them to a couple who live across the street. This couple now rents them out. They were one of the reasons we changed the bylaws. Unfortunately, they are grandfathered in but at least we stopped it from happening in the future.