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All Forum Posts by: Bressia Borja

Bressia Borja has started 1 posts and replied 2 times.

General Real Estate Investing

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

Bressia BorjaPosted
  • Posts 2
  • Votes 0
Quote from @Caleb Brown:

That seems very weird. Is it owned by a bank or a person? Everything is negotiable so I would simply decline that. 


 It's owned by a real estate trust and their subsidiary in the Tampa area. 

0 Votes
General Real Estate Investing

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

Bressia BorjaPosted
  • Posts 2
  • Votes 0

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. 

0 Votes