Short-Term Rentals
Step 3: Solutions
Here’s what to do now that you’ve identified your issue and reviewed your legal obligations.
Identify the change
Find out what type of change the board of directors wants to make to the governing documents and to which governing document.
Learn about the procedural requirements
Specific procedures exist to amend governing documents because each one has a different purpose. Boards should determine which governing document will be amended when considering adding a new short-term rental provision. Provisions that restrict, prohibit or govern short-term rentals will most likely fall under the condo corporation’s declaration or rules.
Begin the process to change the governing document
Follow the steps to change the appropriate governing document.