Can the units be rented?
· Mutual 1, 3, 5 – 12 and 14 – 16 do not allow units to be rented · Mutual 2 allows 90 day rentals only to other owners who are remodeling their units and need housing until the remodeling is finished · Mutual 4 allows 90 day rentals per consecutive twelve month period · Mutual 17 allows units to be leased on a year to year basis
Related Questions
- If a propertys VLI Set-Aside has been met, but not the Total Set-Aside, can the remaining units be rented to VLI-eligible tenants and designated as LI units?
- If a property’s VLI Set-Aside has been met, but not the Total Set-Aside, can the remaining units be rented to VLI-eligible tenants and designated as LI units?
- If rented, are accessory dwelling units (ADU’s), owners accessory units (OAUs) and limited accessory units (LAUs) required to be licensed?
