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Our (Georgia) HOA is considering amending the covenants to prohibit using any of the homes in our development as rental properties. According to our current rules the covenants can be amended with 75% approval from current homeowners.
Is this legal? If so, can we allow current renters to stay through their existing lease then prohibit any rental contract renewals after a certain date?
Any assistance is greatly appreciated.
Is this legal? If so, can we allow current renters to stay through their existing lease then prohibit any rental contract renewals after a certain date?
Any assistance is greatly appreciated.