Twin Cities Business magazine quoted Hellmuth & Johnson real estate attorney Nancy Polomis in an article about property rentals in the Twin Cities during the Super Bowl.
The story addresses whether and how home and condo owners can rent out their dwelling when the Super Bowl lands in Minneapolis in February. Polomis discussed in the article how most homeowners associations (HOAs) typically have restrictions about short-term rentals in the property’s declaration, what those restrictions can mean, and what actions she’s seen local associations take ahead of the big game.
The article appeared in the December issue of the magazine and can also be viewed on the Twin Cities Business website.
Select quotes include:
While some associations are loosening guidelines to allow for Super Bowl rentals, others are looking to make theirs more restrictive, says Nancy Polomis, an attorney with Edina-based Hellmuth & Johnson, who represents a number of local condo associations.
Condo restrictions can be changed, but Polomis says owners must vote on them, and often at least a two-thirds majority is required to change a policy. “It’s not something that the board can do on its own.” She says the same guidelines apply in the suburbs for condos, townhomes or suburban developments governed by homeowner associations. Polomis, notes that she has seen less interest in short-term Super Bowl rentals in the suburbs.
“It really depends on the character of the community,” says Polomis. “What it really comes down to is: What do the homeowners want?”