Nghbrhd Assoc says I can't rent out L/O House - Posted by JOHN BRANDON

Real Estate Investing Real Estate Law
1

Posted by JohnBoy on February 07, 2005 at 23:25:39:

Did you lease the house with an option to buy? If so, what did they say about that?

What does the rules and regulations of the assoc. say?

If you are leasing it with an option and they don’t have a problem with that, then you just lease it out with an option to your buyer.

Otherwise, buy it on contract for deed and then sell it on contract for deed. Then you wouldn’t be renting it out. You would be selling it and carrying the financing!

2

Nghbrhd Assoc says I can’t rent out L/O House - Posted by JOHN BRANDON

Posted by JOHN BRANDON on February 07, 2005 at 22:59:05:

I picked up a nice house on a L/O and the neighborhood association says that renting out a home in the neighborhood is not allowed.

Is this legal?

If so how can I get around it?

NEED HELP

THANKS