Is this normal? Seller is preventing rental of property after purchase.

[Bressia Borja]

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. 

[Bill B.]

Your bank will almost always include that but I have no idea why the seller would. Luckily it only helps you. It means you don’t have to compete with landlords only other primary home buyers. If they didn’t include it you would have to outbid investors.