Legal Question in Real Estate Law in Florida

We bought a condo in Port St Lucie, Fl in 2004. We live in Georgia. It was used as a rental when we bought it. We have rented the condo out for the past 8 1/2 years and have established a pattern as being landlords. The management company informed us yesterday the condo is being vacated in 20 days. When we called the HOA office to inform them they told us we must go onto a "list." I needed an explanation as that has not happened to us before, and the management company also knew nothing about it. They say that since we are landlords and since the ratio is uneven between renters and owners we must wait until the ratio is better balanced. They explained this ruling became effective in 2007 - 3 years AFTER we bought the place as a rental unit.It will quite possibly take months to work our way to the top of their "list" when we can start advertising. In the meantime our livelihood is impacted as no tenant and no rent means paying that mortgage is a tremendous hardship. This place is deep, deep underwater as it is. Can they do this since it was a rental unit and has been rented out for the entire 8 1/2 years we have owned it? Please advise. Thanks!

Asked on 4/11/13, 3:31 pm

David Slater David P. Slater, Esq.

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When you own a Condo, you are subject to rules of the Board.

Answered on 4/11/13, 4:04 pm

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