What should I know about renting out my condo unit? – Perez Mayoral

If you’re renting out your condo unit, there are a few key things you should know. First, review the Declaration to understand what’s required to have a tenant in your unit. Some associations require written approval from the board before a tenancy begins. You’ll also need to check the Declaration to see what can and cannot be done within your unit. For instance, Airbnb or other commercial uses can be a concern, as tenants might want to rent your unit for such purposes without informing you. It’s crucial to communicate with your tenant and make sure they understand and comply with the association’s rules, particularly if they plan to use the unit for commercial purposes. Make sure you and your tenant are on the same page to avoid any issues. Please call us if you have any question.