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My condo does not allow rentals and never did. Its one reason it was affordable for me.
When I lived in a condo, there was a cap on the total of units that could be rented.
Rentals required an additional administrative charge to the HOA, which essentially acted as a property manager.
Basically, it was so that people who had to move temporarily for extended periods (like being deployed) could keep their house.
Imo, it was a good compromise.
Yeah I would not mind that. From what I know from other people is you had to be on a list and it sorta rotated if all the slots were filled. Downside it would seem to me is if you had folks trying to keep it as rental property rather than a temporary situation. Also likely a bit harder to enforce compliance since some units are legitimately rented whereas in my situation folks would notice if you tried to rent it out. Its actually really restricted. Units can only be occupied if your on the lease or certain direct relatives like children.
Word.