Quote:
Originally Posted by BrianL99
I don't know what you mean that you "looking into it exhaustively", but I disagree.
All owners are 3rd party beneficiaries of the Deed Restrictions. The Developer has the right, but not the obligation to enforce the Restrictions. Any 3rd party beneficiary should have the right to bring suit to enforce them (or at least in some circumstances, as the Deed Restrictions vary throughout TV).
If I'm not mistaken there's a fairly new FL law that prohibits counties/towns from adopting regulations that prohibit STR's, but I doubt that has any bearing on TV, as the owner's of the units, had prior knowledge that "Business Use" is prohibited in TV. Under Florida Law, short term rentals a defined as a "Business".
Personally, I'd love to see a few 100 TV residents get together and file a lawsuit.
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How does the developer get away with selling to investors? He is breaking his own deed restrictions. One I am sure he had lawyers draw up for him. Guess he forgot to read them. Too interested in selling homes. The more homes sold means prices can stay elevated.