Plans to Rent Unit Out in Association

Things to keep in mind if you plan to rent out a unit purchased within a homeowners or condo association:

• The homeowner is still responsible for monthly and special assessments, no matter how the lease is written. If your renters do not pay, you as the homeowner are liable.
• Your tenants' behavior is your responsibility. If they break the condo bylaws, rules or regulations, the homeowner is responsible.
• Know the restrictions, if any, your association places on renters or rental units.
• Know if you need to send the management company a copy of the lease. Without it, your tenants may not be able to get parking or pool permits, or you may be fined. All depending on the bylaws and regulations.