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Rental / Leasing Restriction Cap Notice
Published: June 16, 2023
As the Managing Agent for Travis Ranch Property Owners Association, Inc., we are writing to inform all Owners the rental restriction maximum allowed under the Association’s governing documents has been met and no additional requests for renting or leasing a property within the Travis Ranch Property Owners Association are being accepted at this time. The Association reached its rental / leasing maximum around August 2020 and has worked hard to keep the leasing maximum within the percentage guidelines. The Association monitors rental / leasing activity very closely and will notify an Owner when it is believed a violation to the rental / leasing rules has occurred.
An advisal regarding the rental / leasing maximum already being met is listed on every resale certificate to notify buyers of the rental / leasing restrictions before committing to the purchase of a home. If you are considering selling your home, please be mindful of this restriction as any person buying a home specifically for this purpose, will be denied the right to rent or lease out their home if the rental / leasing maximum is met.
Below is a portion of the section from the Sixth (6th) Amendment to the Covenants, Conditions and Restrictions regarding the rental / leasing maximum. To review the full document, please visit the Associations website at www.travisranchhoa.com under the “governing documents” tab.
Section 6.21.5 is hereby modified and amended to add the following at the end of such Section: "'No lease of any home on a Lot shall be for a duration of less than twelve (12) months, and each Owner is required to provide a copy of such its lease to the Association prior to tenant's occupancy of the home on a Lot. In no event may homes located on more than ten (10) percent of the Lots within the Property be subject to leases notwithstanding, the Board of Directors may, at their sole discretion, adopt rules which may increase the maximum leases allowed, apply "Grandfather rules" or make exceptions for hardships or special circumstances on a case-by-case basis as the Board deems necessary and/or appropriate that may be allowed without affecting the maximum lease capacity set forth in this Declaration or by amendment of the Board.
Travis Ranch HOA
