Hello Friends. I have a property in Frisco, TX (DFW metro) that I am hosting. The HOA recently sent a notice to all the homeowners stating that Short Term Rentals (STRs) are a direct violation of the CC&R bylaws. The governing rules for Leases dictate that it be for a minimum of 1 year, include entire home and the lease be restricted to a single family - obviously STRs violate each of these. They've threatened the Owner with fines etc if this is not stopped right away. Apparently, they were made aware that some of the homes in the community were being used for STRs and sent the notice to all homeowners, not just specifically to me - so can I ignore this until a notice is sent specifically to me? Also, what kind of fines are we talking about?
Does anyone have experience dealing with something similar around DFW area or TX in general? I was researching this and found out that the TX Supreme court addressed this a few years ago and basically ruled that HOAs can't prohibit homeowners from STR rentals. There are some caveats to this ruling though and I am planning to seek legal advice, but would really appreciate opinion from other hosts in similar situation.
https://www.jdsupra.com/legalnews/court-addresses-hoa-attempt-to-restrict-22251/
Thank you so much!