Larry Mehl
2007-10-28 03:33:47 UTC
Hello --
Is it legal in California for By Laws to state that the ratio of owners
residing in the building must be no lower than a stated value?
Example:
Our Association consists of 9 dwelling units.
Two of the units are occupied by renters.
The resident owners wish to prevent further units from being sold to buyers
who plan to rent their units.
Can we achieve that goal?
Thanks for any information or direction.
L Mehl
Is it legal in California for By Laws to state that the ratio of owners
residing in the building must be no lower than a stated value?
Example:
Our Association consists of 9 dwelling units.
Two of the units are occupied by renters.
The resident owners wish to prevent further units from being sold to buyers
who plan to rent their units.
Can we achieve that goal?
Thanks for any information or direction.
L Mehl