The #1 blog of International Village Condominium Association in Inverrary, Fla., keeping unit owners informed about important issues affecting the community

Thursday, July 7, 2016

First-year rental prohibition notice

In the next few days, International Village unit owners will be receiving a letter from the association reminding them that owners are not permitted to lease or rent out a unit at International Village during the first year after purchasing or acquiring title to the unit. The association’s previous moratorium on enforcement of this provision of our documents has expired. That means that Chapter XIV (A) of the Declaration of Condominium – which prohibits new owners from renting out their units during the first 12 months of ownership – is in full force and effect. If an owner purchased or acquired title to a unit in the last 12 months, they must wait until the one-year anniversary of the purchase or acquisition of title before submitting a lease application to the association. The association will be checking the date of purchase or transfer of each unit before approving any lease applications.

On another important topic, many of you heard about the burglary that took place on the property last month. While the victim was fortunately not hurt and most of her property was recovered, the incident revealed shortcomings in our security system that the Board of Directors is taking steps to address, including major security personnel changes. Maintaining a safe and secure community is our top priority, and we will continue to review and overhaul procedures to protect the safety of our owners and residents.

John Labriola
International Village President