Glossary

Unit rental

What is a unit rental?

A unit rental happens when a unit owner rents out their property to another party, a tenant, rather than living in it themselves, subject to whatever lease restrictions the HOA has in place.

Why does a unit rental matter?

How a community handles unit rentals, capping the number allowed, requiring minimum lease terms, shapes the overall balance between owner-occupants and renters, which can affect everything from community culture to lending eligibility for future buyers.

When You’ll Run Into This

This becomes relevant the moment an owner decides to rent out their unit and needs to confirm what the HOA actually allows. Our guide to amending HOA bylaws covers how communities update rental rules when they need to change.

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