many condominium deeds restrict rentals of units in order effort to limit association fees
Many condominium bylaws restrict the number of units that can be rented (somewhere between 30% - 50% rentals) mostly due to conventional/FHA loan requirements. This is applicable when a unit owner decides to sell their unit and the purchaser cannot get a nice low-cost loan. The unit owner would have to reduce the list price in order to compensate, thereby reducing the market value of other units in the building.
Other than this market value issue, a higher percentage of rentals does not cost an association more.
Many condominium bylaws restrict the number of units that can be rented (somewhere between 30% - 50% rentals) mostly due to conventional/FHA loan requirements. This is applicable when a unit owner decides to sell their unit and the purchaser cannot get a nice low-cost loan. The unit owner would have to reduce the list price in order to compensate, thereby reducing the market value of other units in the building.
Other than this market value issue, a higher percentage of rentals does not cost an association more.