I live in the state of Georgia. We are changing the bylaws at our condominium to limit renting to 20% and require owners to request new leasing approval after the end of their rental contract, thus knocking them to the end of our newly implemented waiting list to rent. This will hopefully keep perpetual renters out of the 15-condo building, but still allow some renting to happen when needed.
My question is about grandfathering current owners in. I don't think current owners who rent now should be grandfathered in under the old bylaws, and I don't think we have to under GA law, as long as we have majority vote (per our declaration) to change the bylaws. Yet, some of our owners are scared to pass this because they think the perpetual renter in our building will want to take legal action, because he thinks he should be grandfathered in. I don't think he has a case, since we are all subject to new by-laws, as long as they are passed correctly.
What do you think? Is there a law on this, and if so, where I could find it?