The association of owners of Renaissance Park to allow tenants
A neighborhood in South Raleigh is changing course and allowing longtime tenants to stay.
Some residents of Renaissance Park, at the intersection of Tryon Road and South Wilmington Street, were surprised and angry when their homeowners association told them it would start enforcing its commitments and ban tenants.
Tenants represent approximately 180 of the neighborhood’s 1,000 single-family and row homes.
But the Renaissance Park Master Association’s board of directors told residents this week it was reversing the decision.
“The (HOA) met last Monday to try to find a compromise regarding the issue of the tenancy agreement in the tools we had at our disposal,” according to a message sent to residents of Renaissance Park.
Current tenants will be vested or allowed to stay. The exception ends if the property is sold. And new rentals are not permitted after January 1, 2022, unless an âapproved hardship exemptionâ is approved by the HOA.
Guidelines for receiving an exemption will be issued by the end of 2021, according to the message to residents.
This story will be updated as more information becomes available.
This story was originally published November 9, 2021 11:22 a.m.