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So this could help rental companies will be able to control neighborhoods after obtaining fewer homes.
HOA covenants should not be easy to change. They are the safety net for keeping a neighborhood consistent over time. If the City wants to push new developers on something, push them to not sell houses to rental companies and to add default language to new divisions that prevents rentals – daily or monthly. The communities can then decide if they want to change the rental rules after the builder turns over HOA control.
These changes by Fishers seem like they have as much potential to do harm good.
“Existing HOAs wouldn’t be required to make changes but would still have the option to do so under their covenants.” Seems like existing HOAs could do this if they could hit their 75-80% threshold. Not gonna happen in my neighborhood of ~1,200 homes.
Trying to reach the 75% is difficult. In our community we are trying to revise the covenant to restrict the number of rentals – in just one year 8 more rentals have been added. Two of these are houses that require constant monitoring for drugs and crime activity – and this is a nice neighborhood. Crime is moving out of the east and west sides and into quiet communities because the vermin know there are fewer cops on patrol. It would be helpful if the bad guys were thrown in jail instead of out on the streets with their GPS monitors!
Talk to the state republican legislators… they are the ones who set the laws that do not allow them to be held and instead released on GPS monitoring…
Our complex banned solar panels. The community was turned over right before the solar regulations changed and some neighbors wanted to get panels up. Of course that went nowhere
The most important voting regulation should be that only those people that use the home as their primary residence should be allowed to vote. If the property is primarily a rental, the owner should have NO vote on HOA matters.