This is a historical version of this section. See bottom of page for effective date.
Superseded.
57-8a-209. Rental restrictions. (Effective until May 13, 2014)
(1) As used in this section, "rentals" or
"rental lot" means:
(a) a lot owned by an individual not described in
Subsection (1)(b) that is occupied by someone while no lot owner occupies the
lot as the lot owner's primary residence; and
(b) a lot owned by an entity or trust, regardless of
who occupies the lot.
(2) (a) Subject to Subsections (2)(b), (6), and (7), an
association may:
(i) create
restrictions on the number and term of rentals in an association; or
(ii)
prohibit rentals in the association.
(b) An association that creates a rental restriction
or prohibition in accordance with Subsection (1)(a)(i) shall create the rental
restriction or prohibition in a recorded declaration of covenants, conditions,
and restrictions, or by amending the recorded declaration of covenants,
conditions, and restrictions.
(3) If an association prohibits or imposes restrictions on
the number and term of rentals, the restrictions shall include:
(a) a provision that requires the association to
exempt from the rental restrictions the following lot owner and the lot owner's
lot:
(i) a lot
owner in the military for the period of the lot owner's deployment;
(ii) a lot
occupied by a lot owner's parent, child, or sibling;
(iii) a
lot owner whose employer has relocated the lot owner for no less than two
years; or
(iv) a lot
owned by a trust or other entity created for estate planning purposes if the
trust or other estate planning entity was created for:
(A)
the estate of a current resident of the lot; or
(B)
the parent, child, or sibling of the current resident of the lot;
(b) a provision allowing a lot owner who has a rental
in the association before the time the rental restriction described in
Subsection (2)(a) is recorded with the county recorder of the county in which
the association is located to continue renting until:
(i) the
lot owner occupies the lot; or
(ii) an
officer, owner, member, trustee, beneficiary, director, or person holding a
similar position of ownership or control of an entity or trust that holds an
ownership interest in the lot, occupies the lot; and
(c) a requirement that the association create, by rule
or resolution, procedures to:
(i)
determine and track the number of rentals and lots in the association subject
to the provisions described in Subsections (3)(a) and (b); and
(ii)
ensure consistent administration and enforcement of the rental restrictions.
(4) For purposes of Subsection (3)(b), a transfer occurs
when one or more of the following occur:
(a) the conveyance, sale, or other transfer of a lot
by deed;
(b) the granting of a life estate in the lot; or
(c) if the lot is owned by a limited liability
company, corporation, partnership, or other business entity, the sale or
transfer of more than 75% of the business entity's share, stock, membership
interests, or partnership interests in a 12-month period.
(5) This section does not limit or affect residency age
requirements for an association that complies with the requirements of the
Housing for Older Persons Act, 42 U.S.C. Sec. 3607.
(6) The declaration of covenants, conditions, and
restrictions or amendments to the
declaration of covenants, conditions, and restrictions
recorded prior to the transfer of the first lot from the initial declarant may
prohibit or restrict rentals without providing for the exceptions, provisions,
and procedures required under Subsection (3)(a).
(7) This section does not apply to:
(a) an association containing a time period unit as
defined in Section 57-8-3;
(b) any other form of timeshare interest as defined in
Section 57-19-2;
or
(c) an association in which the initial declaration of
covenants, conditions, and restrictions is recorded before May 12, 2009.
(8) Notwithstanding this section, an association may, upon
unanimous approval by all lot owners, restrict or prohibit rentals without an
exception described in Subsection (3).
Enacted by Chapter 178, 2009 General Session