Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
HELP with HOA new rental restrictions
Hello,
We are starting out in buying our rental property In Tampa Florida with the goal of living in it in 2 years. So we want to rent it out until then.
This is a great property in a great community but we ran into a little issue. The HOA had this year added a new rental restrictions that stated that owner must have the house for one year before they can rent it out. We don't want to keep the house empty and not rent out for one year. It would hurt us financially.
My agent have suggested I get a real estate lawyer to draft out a house carer agreement instead of lease agreement. I think just avoid using rent, lease in the agreement. They would take care of the house for a reduce rent. Anyone experienced with this issue before?
Thanks!
Bao