Rental Restrictions

When looking to purchase a condo or town home, one important thing to research in the strata bylaws is whether or not the complex allows for rentals. Allowing rentals can be seen as both positive and negative. On one hand, rentals allow owners the flexibility of moving without needing to sell however, the complex may suffer from residents who do not express as much care for the complex's maintenance. You must decide what is right for your family so make sure to ask your realtor about rental restrictions in properties you look into buying.