Thus, in the Committee’s view, the only practical way for Arrowhead Lake to establish community-specific rental standards is for we—the owners—to include them in a restated declaration. We would need to find language that a large majority of the community will support. The Committee expects to include rental topics in surveys during Phase 2 of the project. Be sure to participate in those surveys if you want your opinion to be heard on this or any issue.
As you think about this issue going forward, however, we encourage you to consider the following:
There may be more common ground than you realize: A broad majority of both renting and non-renting owners may be expected to agree on some rental limitations. For instance, a common limitation in planned communities is that new owners may not rent their homes for a certain period of time. Such a limitation could appeal to non-renting owners, as well as currently renting owners who may be concerned about growth in competing rental inventory. This is one example among many of a common rental limitations.
It is up to YOU: Whether or not rental limitations are included in our restated declaration is entirely up to you, the owners. The Committee will continue to listen and will help find and build consensus, but we will need you to participate honestly and constructively in our upcoming surveys. It is highly unlikely that a supermajority of owners will support extreme positions. We encourage you to approach this issue, and all of the issues raised in this Project, reasonably and constructively. Consensus solutions will be built by those who find ways to agree.
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