California  |  Real Estate Law

Legal Question

Asked on: 7/23/12, 12:31 pm

We have rental property since 2005. HOA created new rule to limit only 4 unit in condo can rent max. 2 years contract. When tenant leaves, we have to be on waiting list for next rental opportunity. It forces us sell the property in this low real estate market. Is this legal to pass such a rule ? Condo. locate Long Beach, CA

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