Communities with an association are primarily concerned about providing their residents a high-quality and happy place to live. When short-term rentals enter the picture, it can be a threat to the harmony the community seeks to create. It’s critical that communities run by Tampa HOA property management companies understand the impact that short-term rentals can have on the community and how to manage this activity. If you have not had the opportunity to read part one of our article, please do to learn about short-term rental regulations.
The Effects of Short-Term Rentals
Not all short-term rentals create problems; however, short-term renting means that a range of personalities will live within the community at different times. This revolving door of guests can be disruptive for several reasons including:
- Excessive noise/partying
- Parking violations and increased traffic
- Abuse of occupancy limits
- Lack of property upkeep (i.e. trash issues)
- Safety concerns with unknown guests
- Short-term renting can inflate normal long-term rental costs
Can the Association Prevent Short-Term Rentals?
Community associations have the right to define short-term rentals and deny them in their governing documents. Like any contractual agreements, the ability to enforce the regulations will rest solely on the language of the documents. Legal counsel is essential to ensuring that the association’s documents clearly define community rules and standards. For example, many communities limit business activities and prohibit residents from operating a business from their home. If your community governing documents do not address short-term rentals, it may be worth it to invest the time in adding these provisions.
Steps the Association Can Take to Manage Short-Term Rentals
When allowing short-term rentals, Tampa homeowners association management companies should take some things into consideration. If an owner chooses to rent their home, they must obtain the proper insurance coverage. Renters should be properly screened before they enter the rental agreement. The owner and renter must also abide by community rules and regulations.