| ACTION NEEDED: Contact your State Representative
today in her/his Springfield Office and urge your representative
to vote for passage of HB5189. This bill is on third reading in
the House of Representatives and must be acted upon by May 9, 2008.
House Bill 5189 states that if condominium associations ban rental
of individual units, the association must let unit “renting”
owners continue renting until the unit owner sells the unit.
BACKGROUND: Under current law, condominium
and town home associations can ban owners from renting their
units, thus restricting their right to use their investment
in a manner they see fit. Owners may need to rent their unit
to protect their investment, to move for a new job, to avoid
foreclosure, to purchase a unit for an adult child, elderly
parent or other relative, or to create affordable rental housing.
In some areas this has been a method of providing rental housing
for affordable housing, and housing associations have been
able to address this need through rental of these units.
If HB5189 is passed, condominium and town home units may continue
to be rented by the owner as long as he/she owns the unit. Without
this protection, the rental option will be eliminated if the condominium
boards adopt this position.
BILL STATUS: HB 5189 is on 3rd reading and the
vote must be taken no later than May 9, 2008. This bill maintains
an association’s ability to ban rentals, but allows
unit owners who are renting their unit at the time of the
ban to continue renting until the unit owners sells his/her
unit. The new owner then would come under the new “no
rental” association rule. Please urge your representative
to vote YES to pass HB5189.
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