Why don’t you call a villages sales agent and ask them? You’d have your answer in a second.

It does not matter what the developer is thinking. In real estate it must be in writing.
Is renting legal? It is in the contract you signed or are considering signing. It is not the same in every village. Future building? I would expect you can find people at the villages office who can answer that for you as well. That would be current thought again it only matters if it is in writing.

I have no relationship to the builder. This is a planned community. For better or worse, it is take it or leave it.

I've suggested the villages offices. A villages sales agent is a sales person. Again what matters in real estate is only what is in writing.

I was told by our realtor when we bought, that The Villages now requires you cannot purchase a home for rental purposes. Which I think could be good due to the permanent residents having a different neighbor every month can be discouraging. I also agree that the owner does not care as much about the property as one that is lived in. I also think that being said, The Villages should have more neighborhoods for the LifeStyle Plan so people can come here to visit and see if they are going to like TV or not. We just purchased in The Village of Hawkins and I see brand new homes that are just completed in the last month with rental signs in the windows. Not sure why some are allowed and some are not.

Why not contact The Villages directly, they would have the best and most current information.

Before we purchased a home here in the Villages we rented three different villas. I disagree with comments about renters bringing property values down due to disrespecting the homes.
It was apparent to us that it was the owners not taking care of the upkeep required.

Many people who are not ready to retire might want to buy-in now and rent out until their ready to make the move. One home in our neighborhood was perched over 10 years ago always up for rent, never a problem.

Sounds like a case of 'Now I am here, shut the shop!'
Welcome to TOTV.

Again, at the risk of repeating myself, if you signed such an addendum, please post it (cleansed of any identifiers of course!)

DING, DING, DING!

Winner, Winner, Chicken Dinner!!!

Yes, it's a Mortgage restriction...

I live in Section 12 in Fenney. We are not allowed to lease or rent our houses. This has been since we moved in in 2018, so this really isn't a new thing.

I think most of us would “vote” for a deed restriction for a minimum of 3 months on a rental. Of course, there is no such thing as a “vote” as the deed restrictions are a Developers prerogative. Fore!

I really wonder why there are some really "Snarky" comments that seem to indicate
that if you are a renter you are really bad.
We have a property that we are renting long term to a retired lady that treats it as if it is her
own home. She just wants to pay a fixed amount, thus, not having to deal with ownership.
She does not create any problems at all, that we are aware of.
So how about keeping this "The Land of The Free"!!

Bought our house with a commercial mortgage. the rate is higher, and not allowed to live there. Converted to an LLC and rent it out in Marsh Bend. We visit every 6 months to clean, maintain it. Managed by a local PM. . have not been profitable for two years due to rental cancellations in high season, travel and covid restrictions, but did well on two several month rentals while waiting for their houses to be completed.

Just got out first full winter season rental for next year, 2023, Jan - Apr. . but that will still not break even with the PM fee, even with no mortgage unless there is a rental waiting for a house being built. . .

When we were deciding, the TV rental company said that the estimated annual rental on a seasonal is between $10K and $20K, which so far has been accurate. So being interested in rental property is great, but if you don't do your breakeven financial analysis with your marketing strategy, you might only cover your expenses, and be buying high while waiting for an optimal exit price.

Each property is unique, so YMMV

…you answered your own question
 

Because the DEVELOPER is making SURE the former CANNOT occur for a period of one year. Rentals ALWAYS lower property values for myriad reasons. We are GLAD the developer did this. We’ve owned many a rental unit and we’ve had some very good tenants who are/were nice people. Would I want to live next door to any of them? Not on your life! Trust us. You do NOT want a bunch of investors in TV. We know these guys and many (most) don’t give two s”*ts about about the neighbors.You WANT owners next door, not renters.