In 2014, the members of Cypress Tanglewood HOA voted to adopt a restatement of the CC&R’s, which our attorney drafted with input from the board, and which was further refined based on input from the members . The original CC&R’s were over 40 years old, and did not conform to changes in California law regarding our type of development.
Also in 2014, the homeowners of the CTHOA voted to adopt Rental Restrictions.
In summary, the Rental Restrictions are designed to prevent a buyer from renting out a home without first residing in the home for a period of 24 months. Also, if at anytime 25% of the CTHOA homes are rental properties, all homeowners are prevented from renting out a home.