Supreme Court Ruling: Communities Can Ban Tourist Rentals – Key Considerations for Home Buyers and Investors

The Supreme Court has ruled that communities of owners can ban tourist rental homes with a three-fifths majority.

This ruling further supports the veto if it’s prohibited in the community statutes.

Good news for permanent residents, but bad for investors.

As valuers, we must know if an urbanization isn’t attractive to investors or buyers who rely on tourist rent to cover mortgages and costs. When conducting home inspections or surveys, we must advise clients to have their lawyer check if it’s important.