HOA reverses decision, says Raleigh renters can stay in Renaissance Park neighborhood

The covenants for Renaissance Park have always stated that homeowners couldn't rent out their properties, except in a few specific situations, but residents say the rule was never enforced until an HOA board took over this year from Wakefield Development, which built the community in 2006.

"[T]he intent of the [covenants] for Renaissance from its inception has been for dwellings to be owner-occupied," the board wrote in a June 3 letter to residents.

On Tuesday, WRAL News learned ​the HOA will allow the renters already living in the neighborhood as of Jan. 1, 2022, to stay.

But a homeowner told WRAL that he and others in the neighborhood don't like the deadline and feel it limits what they can do with their homes in the future.

Neighbors say 15 to 20 percent of the roughly 1,000 homes in the HOA are currently leased.

Originally, the HOA had given homeowners until next July to end those existing leases and either move back in or sell the properties. Violators could have faced fines of $100 a day.