Effect of part on condominiums, co-ops, homeowners associations, or other similar entities, lessors, and property owners

Nothing in this part prohibits: (1) A condominium, co-op, homeowners association, or other similar entity from prohibiting or otherwise restricting an owner of property within the jurisdiction of the condominium, co-op, association, or other similar entity from using the owner's property as a short-term rental unit as provided for in the entity's governing documents; (2) A lessor, through the terms of a lease agreement, from restricting the use of the leased property as a short-term rental unit; or (3) A property owner from placing a restrictive covenant or easement on the property that restricts the future use of the property as a short-term rental unit as authorized under existing law. Added by 2018 Tenn. Acts, ch. 972,s 1, eff. 5/17/2018. Nothing in this part prohibits: (1) A condominium, co-op, homeowners association, or other similar entity from prohibiting or otherwise restricting an owner of property within the jurisdiction of the condominium, co-op, association, or other similar entity from using the owner's property as a short-term rental unit as provided for in the entity's governing documents; (2) A lessor, through the terms of a lease agreement, from restricting the use of the leased property as a short-term rental unit; or (3) A property owner from placing a restrictive covenant or easement on the property that restricts the future use of the property as a short-term rental unit as authorized under existing law. Added by 2018 Tenn. Acts, ch. 972,s 1, eff. 5/17/2018.