Private single-family homes in Ocean Hammock can be rented on a nightly basis because there is no prohibition in the Master Documents.
Palm Coast, FL – August 30, 2010 – Private single-family homes in Ocean Hammock can be rented on a nightly basis because there is no prohibition in the Master Documents. Some think it was an oversight on the part of real estate developer Bobby Ginn. Others think it was intentional. Bobby used the lack of prohibition to argue his case for nightly rentals in the Hammock Beach Resort. Residents filed a petition to amend the Master Documents with the Property Owners Association (POA) at its August 12 meeting. The petition was signed by 170 residents, well above the minimum 10% requirement.
When there were fewer homes and the economy was vibrant, the lack of a prohibition was not a problem. But about a year ago, problems began to crop up, particularly with renters at one particular home. As the economy worsened, more homeowners resorted to short term rentals to supplement the carrying costs of their homes.
The petition states, "This has the clear potential of converting our wonderful residential community into a transient resort community. Such an unanticipated, and unwelcomed, change in the basic character of our neighborhood may result in a serious and significant deterioration in our residential environment and lifestyle and greatly diminish the value of our homes and residential lots."
The petition proposes the following addition to the current Master Declaration:
"Single-family homes (excluding those in Cinnamon Beach) can only be rented, leased or subleased for a minimum rental period of 30 days. In order to rent a single-family home (excluding Cinnamon Beach) there must be a written lease in compliance with all other covenants, and the Management Company of the OHPOA must be notified of the following: Start date, End date, Name(s) of lessee(s), Names of all occupants and their phone numbers."
Read background information >>>> Ocean Hammock Property Owners Association (OHPOA)