SHORT TERM RENTAL POLICY

Due to guidance from our insurance carrier, short term rentals are NOT PERMITTED at Deer Lofts HOA.  The HOA Condominium Documents do not support short term rentals today and can not be changed. The insurance company indicated they would deny any claim from a short term rental incident and drop the building's policy.  With no insureance, mortgage company's may call your loan for immediate payment.

Short term rentals platforms can include but are not limited to the following:

1. AirBNB

2. VRBO / Vacation Rental by Owner

3. Home Away

4. Private Management Companies sourcing short term rentals

Penalties for Short Term Rentals

1. Effective May 12 – August 15, 2026: $5,000 PER DAY

2. Beginning August 16, 2026: $500 PER DAY

3. City-Wide Events: The Board may, at its discretion, change the fine of $5,000 per day during major city-wide events.

4. Fines will begin accruing on the earliest of: (1) the date the unit is listed on any short-term rental platform, or (2) the first date of actual occupancy by a short-term renter.

5. Fines will continue daily until the violation is fully cured.

SHORT-TERM RENTAL MONITORING

1. The Board uses short-term rental monitoring platforms that utilize AI technology to identify and report unauthorized short term rentals to the Board.

COLLECTION & PAYMENT TERMS

1. Swift collection action will be pursued. Any unpaid fines related to short-term rentals that remain unpaid for more than 30 days will result in a lien on the property.

2. Payment plans and debt forgiveness will not be offered for short-term rental fines. 

3. Interest and late fees will accrue at the maximum rate permitted by law.

4. Unpaid fines will become a lien on your unit and collection proceedings will be pursued as per State of Georgia Law.

PROHIBITED ACTIVITIES

1. Owners and/or authorized tenants are not permitted to accept compensation for occupancy.

2. Owners and/or authorized tenants are not permitted to engage property managers, agents, or any third party to facilitate short-term rentals.

ENFORCEMENT PROCESS

1. Complaints and reports will be investigated.

2. Exceptions will not be made

3. Written notice of violation will be issued

4. Owners have the right to request a hearing

5. Penalties may include fines, suspension of privileges, and legal remedies

LEASING YOUR APARTMENT

1. Short term rentals are not to be confused with authorized leasing of your unit.  As required by the Condominium Documents, any rental must have a rental permit.  Rental permits are issued through the Board-approved vendor, Rental Monitoring Solutions (RMS). Rentals without a permit are a violation.  

2. As of the April 1, 2026 report the building is at the maximum allowed rentals according to to Condominium Documents.  You are able to add your name to the waiting list.  There are currently 10 names on the rental list.  It is not permitted to trade or sell rental list positions to other homeowners.

THIS POLICY WAS PASSED BY THE DEER LOFTS HOA BOARD OF DIRECTORS 

WITH A UNANOMOUS VOTE ON 5-MAY-26.