All Forum Posts by: John Jenkins

My agent said that she's going to negotiate a clause in my contract with the selling agent and the builder to permanently allow short term rentals regardless of what transpires with the formation of the new HOA. I'm still doubtful that this would hold up considering I'd suspect that any new rules implemented by the HOA would supersede any prior agreements.

Michael does the bylaw usually supersede anything after the fact?

That’s unfortunate. Also would be dishonest from the builders standpoint considering they are marketing it as a investment type property fully knowing that the reigns will he handed over to a different governing body once this last unit sells. 

Hi, 

So I'm in the process of buying a home that will be my primary residence but during the week when I'm gone, I'd like to rent it out as a short term rental. It's a new community and they're marketing as "perfect for investors" and "no rental restrictions". The listing agent said the builder is the one that has set the rules but the HOA has yet to become fully established. I know there are a few other properties in the community that are being rented out. My worry is that once the HOA becomes fully established, they'll all of a sudden change the rules to ban short term rentals. One of my friends told me that this needs to be voted on by the community and if anyone opposes, they won't be able to enact the ban. Is this true?

I’m a first time homebuyer and I’m about to put an offer on a home that I really like. I’ll be getting the conventional loan with a low downpayment. I qualify for this since this will be my primary home. However, there’s a possibility that I may be asked to relocate to a different state for work. If that happens shortly after I close and I’m no longer able to live in this house, am I allowed to rent it considering this was out of my hands?