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Updated about 1 year ago, 12/21/2023
Is this normal? Seller is preventing rental of property after purchase.
Hello, I am relatively new to the real estate scene and am under contract on my first home, it will be my primary and then I will move out after two years! However, the seller included an As Is addendum that states that I cannot rent out the property until after a year or I have to pay the seller liquidated damages. Is this normal? It seems a little odd to me considering I will be the owner of the home and by then, the seller has no stake. I will add that the seller happens to be a major corporation but I'm not too sure that should matter.