Renting a condo instead of buying pre-construction condos is an affordable option. Buying a condo may face tighter lending rules and higher investment rates thus it is better to move to the rental market.
But it is important to note that rented the condo much different than renting an apartment as defining rules and litigation that are difficult to understand. So to help you with them, we are here with all the tips for renting a condo.
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Important Tips for Renting Condo:
Make a list of your preferences: Make a list of what you prefer to have and want in a condo narrow your search. The list must include size, proximity to where you work, markets, schools for children, and home one you love.
Be sure to choose a spot near the center of town with basic amenities such as transportation, recreation, shopping mall, gym, and restaurant.
Go through the documentation on your own: Make sure you read all the documentation related to the hire agreement, through all the terms and conditions.
Also, read a copy of the homeowners association because the association puts some building regulations that restrict you from the parking lot above a certain number of vehicles and also for the number of fixed principle per unit.