Glossary
What is a rental cap?
A limit in the governing documents on how many homes in a community may be rented at once, or for how short a term. It affects owners, buyers, and the community's loan eligibility.
Also called leasing restriction, rental restriction.
In Havn
Havn tracks renters on the unit record, so the rental percentage on a lender questionnaire comes from the roster rather than a guess.
Condo associationsA rental cap is set by the declaration or an amendment to it, so adopting one takes an owner vote. Caps are stated as a number of units or a percentage, often with a waiting list and a hardship exception, and many grandfather owners who were already renting. Minimum lease terms and bans on short-term rentals are related restrictions.
Lenders ask about the rental percentage on every condo questionnaire, because projects with a high share of rentals face tighter loan rules. A buyer who plans to rent needs to know the cap before closing, which is why the resale package discloses it.
Keep Reading
Guides
- HOA guidesHow to run meetings, votes, budgets, reserves, collections, and violations, step by step.
Templates
- HOA Petition TemplateA free HOA petition template owners can use to call a special meeting, recall a director, or propose an amendment: the request, its basis in the bylaws, and a signature table.
- HOA Election Ballot TemplateA free HOA ballot template for director elections and owner votes: candidates with write-ins, yes or no measures, instructions, and the two-envelope method for a secret ballot.
Laws and Documents
- HOA laws by stateEvery state's association statutes and resale rules on one map.
- HOA letter templatesFree notices, ballots, and letters a board can copy and send.
See how Havn handles it with your own community.
HOA management software with a homeowner portal owners actually use. Resale documents are included; the requester pays for each one.