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Updated over 12 years ago on . Most recent reply

Keith A.'s profile image
Keith A.'s profile image
Keith A.
  • Real Estate Investor
  • from Ft. Lauderdale, FL
  • Member since Mar 1, 2012
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135
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4
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Keith A.'s profile image
Keith A.'s profile image
Keith A.
  • Real Estate Investor
  • from Ft. Lauderdale, FL
  • Member since Mar 1, 2012
Connect
Keith A.
  • Real Estate Investor
  • Ft. Lauderdale, FL
4
Votes |
135
Posts
General Landlording & Rental Properties

Condo HOA Tenant Screening/Fees

Keith A.
  • Real Estate Investor
  • Ft. Lauderdale, FL
Posted

I recently purchased a condo and will be looking to find a tenant shortly. The HOA for the condo requires the tenant to fill out an application ($100) and does a background and reference check. They also require a $200 deposit.

I assume it would be in my best interest to also screen the tenant to protect my interests and take a deposit as well.

I wanted to get input to see what others do in this situation. Do you come up with a combined deposit and application fee to cover both the HOA and my app/deposit or separate everything out?

Any advice is appreciated.

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