My condo doesn’t let me rent my apartment! How do I go around this, if I can’t afford it?
I don’t want to do a shortsale or foreclose on it, I live in Florida, please HELP!
Thank you your answers! I
Quick House Sale
Related articles:
- apartment being foreclosed on.still pay rent? i live in florida and renting an apartment from century 21..well someone shows up a few days ago with a foreclosure notice for the apartments..well century 21 don’t own...
- My husband and I own a condo in another state we are living in a rental apartment should we sell the condo? We purchased a condo about 2 years ago with 30,000 down and we are now renting the condo out. With the condo fees, insurance and other expenses we are...
- How do you condo an apartment? I have found an incredible apartment downtown. I’m pretty good friends with the owner of the building and he has shown some interest in selling me the apartment. Trouble...
- apartment foreclosure? I rent an apartment in Florida and was served papers on Saturday saying that the unit is being foreclosed on. I have made many many phone calls and gotten...
- Could one rent an apartment under bankruptcy? Here is the scenario: Mortgage payments are behind and to prevent foreclosure he filled for chapter 13. He missed two payments and now the mortgage company is requesting removal...
6 Responses to “My condo doesn’t let me rent my apartment! How do I go around this, if I can’t afford it?”
Leave a Comment
You must be logged in to post a comment.
July 2nd, 2009 at 4:58 am
Just rent it, how will they know that you dont live there anymore?
July 3rd, 2009 at 6:05 pm
You’ll need to check with an expert (property manager, lawyer, realtor, etc.) for the rules in your state. Where I live, you are always allowed to rent a property, even if your hoa or lease states otherwise.
July 4th, 2009 at 2:32 pm
You probably can’t and are at risk of repercussions if you try to do this. The rule against renters is in the best interest of the other, non-renting homeowners as renters don’t have the vested interest in keeping the place up or maintaing good relations by keeping their behavior and noise within reasonable bounds.
I used to work as a supervisor for 35-40 multi-unit properties that didn’t allow homeowners to rent and we pursued violations pretty rigorously – tentants tended to be disruptive and cause problems for other homeowners.
To find out exactly what is allowed you’ll want to look up any Florida specific laws or ordinances relating to this (can’t help you on that, I’m in CA) and also read through the body of your condo association rules carefully. You may also have City or County ordinances that address this. You could also try finding out from local organizations, I’ve found they are most helpful when I call pretending to be the tenant and working backwards…not many organziations are willing to help landlords for free.
July 6th, 2009 at 7:31 pm
is there some type of clause regarding employment and relocation? Perhaps you could tell them that your employer is relocating and you are going with them
July 8th, 2009 at 9:58 am
that was probably clearly spelled out when you bought it – FLA real estate is going to be one of the last areas to recover – years from now – no buyers except bargain hunters – you might have to just walk away and foreclose
July 9th, 2009 at 7:54 am
I moved from Florida to North Carolina last year, so I’m not sure who I could contact to help you. Here is a resource of apartments in Florida that you can call. I’m sure someone can help you.
Hope you find what you need