Can I sublet my home?
Yes, you can. However, restrictions on the number of non-owner occupied units may be required by the mortgage lenders. As with traditional real estate co-ops, members will have some oversight regarding bringing in new residents. Typically, the Community Relations committee has a role in carrying out policies in this area. The city has some restrictions, which state that the resident must be 55 years or over and meet certain independent living standards to occupy the unit. For a fee, the community association could provide certain property maintenance duties to the lessee, freeing the lessor from some community responsibilities. If you are able to sublet the unit, you are still financially obligated to pay HOA fees and the fees associated with replacing the volunteer hours a member would normally perform. Usually renters who move into co-housing communities do the volunteer hours willingly as part of their attempt to become part of the community, so this cost rarely becomes necessary. The HOA will establish rules for temporary use of the units which may allow for other types of temporary occupancy, but the developer is not able to make such arrangements.