Quote:
Originally Posted by MrChip72
People that somehow think that rentals are not allowed are oblivious. The Villages certainly wouldn't maintain their temporarily transferable resident ID system if that were the case. They know that a big selling point is people being able to rent out their home for part of the year. My Villages sales agent actively pushed that we could rent out our home when we weren't using it even. The Villages even owns a property management company that only manages rental properties within TV, not to mention that lifestyle visits are essentially a rental.
The wording in the deed restrictions could use some improvement though. I know that it's only meant to prevent people from running a nail salon or sell merchandise out of their garage.
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Finally, someone who gets it.
The Villages/Developer was all for the availability of "renting homes". it makes sense, in that it's in their best interests, to have homes occupied as much as possible. A huge part of the Developer's revenue is from all the commercial property they own. Higher occupancy, means higher rents for the commercial property.
What the Developer didn't foresee (nor did most anyone else), was the advent of AirBnB & other such platforms, that are able to put Joe Smith home owner into the "hotel" business.
I'm not so sure the Developer would have written the restrictions/covenants any differently, had he anticipated the short term rental market ... as evidenced by the fact, they haven't changed the restrictions in the newer areas.
I think eventually, we'll see the CDD's step into the breech, with restrictions on the Guest/Resident ID system.