Milwaukee condo association approves tenants

[Rebecca Knox]

We are considering purchasing a condominium to use as a rental property in the Georgetown Condo complex off of N 95th & Villard. This would be our first condo purchase.

However, I just received the copy of the bylaws which they amended 2/16/16 and it states that any tenants must be approved by the association and the association has 30 days to approve.  (They also say that the condo cannot be rented out for 1 yr after ownership change but the seller is going to see if they can get a hardship exemption.)

My concern is that the condo association has such control to approve tenants and the time frame they have to do so. Does anyone else own a condo in this complex or have a similar situation where the association has to approve your tenant and how has it worked it out for you? 

Thank you in advance for dropping any knowledge you may have on this topic. 

[Sai T.]

I personally will not buy the prop where you have to depend on HOA. Tomorrow, they will have a new rules and regulations!