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Updated over 6 years ago,
I need some advise on renting my condo
Hello everyone,
I recently bought my first property as my primary residency. I got a new job offer and I am going to have to move to a new location. Are there any legal consequences if I try to rent out my primary residence knowing that I signed a document saying that it will be my primary residence for at least one year? I will not have to pay rent where I going to be moving, so I’m thinking to rent it out, instead of selling it.
Also I don’t have any experience as a landlord, but I would like to learn as much as possible. Is it a good idea to rent it to tenants with MVRP program, what are the pros and cons?
Thank you all for the advise.
Julian