The Mountain Lakes Community Association board believes owners should be given every opportunity to make the most of their investments, so it allows them to rent their homes without much oversight. The board requires owners to submit a copy of their leases, then reviews the terms, makes sure they’re appropriate and signs off. However, owners have been turning more frequently to short-term rentals through websites like Airbnb and VRBO. Owners are leasing their homes for as few as two nights, and many of the requests are coming in at the last minute, leaving the board with piles of leases to review and little time to approve them before the rentals begin.
Should the Mountain Lakes board allow short-term leases? Does the board need to rethink its stance on rentals and the review process?
Leave your response below or send it by Aug. 3 to commonground(at)caionline.org. Selected responses will be featured in the next issue of Common Ground. Responses may be edited for length and clarity.
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Community Associations Institute.