Jump to content
The Official RONR Q & A Forums

Proposed Amendment to the Declaration of Condominium

Guest janbrooke

Recommended Posts

As an owner of two condos in this association - one we rent full time and the other we rent seasonally - we received the following Proposed Amendment to vote on by our Board of Directors:

The Board of Directors has proposed the Amendment in order to protect the general character of Gardens II as a community consisting of full and part time reseidences, rather than a rental project: to protect the safety and welfare of the Apartment Owners, by authorizing the Board of Directors: to determine that each potential purchaser has the financial wherewithal to purchase and own his/her apartment to make monthly maintenance payments and to pay special assessments and to give the Association certain rights with the respect to leased apartments:

The following is a summary of the pertient provisions of the Amendment:

- Gardens II Documents may change from "Time to Time" (Required by State law)

- All prospective buyers (and renters) must have a minimum credit score of 650

My quesion is - is this legal?? What if the person that wishes to purchase the unit is from another country and does not have credit here in the US?

I would like to hear also hear any other opinions regarding this Proposed Amendment.

Thank you.

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Create New...