If you're thinking about renting a condo, there are a few "rental traps" to avoid.
According to real estate expert John Adams, avoid the following:
- Association Controls
- Government Rental Limits
- Outright Ban on Rentals
- Your Lease is Subject to Rules
Adams says there are several distinct advantages to living in a condo - they often feature a pool and a community clubhouse, and all exterior maintenance is usually provided by the association. But a condominium is a different kind of real estate, and you need to be aware of how those differences can affect you as a renter.