New 2012 laws that took effect as of January 1, 2012.
Condo Rentals: Starting Jan. 1, owners of units in a common-interest development , usually a condominium, must be allowed to rent or lease their units unless it was restricted before they took ownership. Senate Bill 150 was designed to counter new homeowner association rules put in place to stem the tide of tenant-occupied properties. It does not apply to rental restrictions prior to Jan 1. Condo owners must provide to their HOA proof of their purchase date and contact information for their tenants. And certain changes of title, probate, spousal, parent-to-child, adding a join tenant, and other transfers exempt from property tax reassessment, do not reset the date of ownership.
