Quote:
Originally Posted by sam&rog
The developer is promoting turning over inside deed restrictions to the districts under the guise of stopping under age kids living here.
Sounds good until you realize that enforcement of short term rentals would also be included.
Airbnb website lists 1000 plus rentals under The Villages Fl.
Imagine the costs to address this with lawyer fees and court costs paid by us. Because the developer sees what is happening and wants to pawn another problem onto the districts.
Time to say no thank you.
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One would think that most of the STRs are investment properties, financed by mortgages. I would be surprised if in Florida a government lien does not have first priority for collection, so legal cost of enforcement could be supported by liens placed against the offending properties, which would invalidate the first mortgage liens, and make those mortgages immediately collectible. Quite an incentive to get out of the STR business if the District governments would actually start enforcing the deed restrictions.