Ask and ye shall receive:
Renting/leasing is allowed, but there are so many restrictions that it's not worth it imo:
Sublets and leases must be approved by the HOA, and they have a firm cap of 3 units leased at any one time. It's also an "all or nothing" deal where he must lease the entire house for no less than 6 months to get approval so he couldn't just rent a room or rent the place out while he's trying to sell it.
There are more rules in there, but I couldn't understand some of the legalese.
Source
http://www.palmcourthoa.org/Declaration_Third_Amendment.pdf
BIG LEGAL SPOILER
i only have class experience and don't even have my paralegal degree yet none of this is legal advise don't sue me
now with that out of the way
*cracks knuckles*
*does a cool spin in a spinny chair*
*flips on shades*
recitals are dumb boring shit about how this junk was made, self-explanatorish
Article 11.14
.1 - No one can lease their unit for less then six months unless they have a defaulted mortgage, a foreclosure proceeding, or anything arranged in lieu of a foreclosure (fairly certain the wording here means they have one of these
prior to obtaining the unit).
.2 - Already explained. Can only lease/rent out the whole house, not any one part.
.3- All lease/rental contracts must be in writing and comply with the HOA rules and bylines; essentially prohibiting verbal contracts (which can be enforced in some cases btw, just fyi if you didn't know.)
.4 - Can't rent/lease out more then 3 units at a time, and only for a period between six months and two years.
.5 - hoo boy, an entire paragraph of run on sentences, my favorite. ok. so.
If someone rents out their unit, but is default on their payment over thirty days, the HOA may collect from the person you're renting/leasing to any amount you owe plus interests and fees. Full stop. No say on their part. Once the renter (I'm just going to refer to them as a renter) pays this amount, they no longer have to pay the owner any rent. However the owner still owes for "assessments and charges owed", which I'm assuming means they're essentially charging you twice and then some (from the renter, then from you.) This also does not mean the HOA approves of the rent agreement. This right will not be used when an "appointed receiver" has been designated for the unit or owner.
Quick google search says real estate receivers are court appointed individuals who are given custodial responsibility over property when that property has been used as collateral in a loan or default.
"nor in derogation of any right which a Mortgagee of such Unit may have with respect to such rents."
oi. I'm fairly certain this just means the mortgage company is guaranteed their portion of the rent payment?
...
i haven't gotten to mortgages yet
but then it says there are no further restrictions on an owner's right to lease/rent their unit.
.6 - Any rent/lease agreements must be approved by the HOA before anyone signs it. So long as the fee (explained in a section not in this document) has been paid by the owner, and the contract is "commercially reasonable" and follows HOA's shit, it's good.
The last page is just a legal notary saying the community president did indeed sign his name to this genuine legal document.