|
|
All Categories >
General Questions
|
| |
|
|
|
|
| |
Yes, it is but you would have to offer at least a six month rental. Also assoc. rules apply-some prohibit rentals.
Sheila Morgan1@aol.com
Re/Max Unlimited
224-578-1023
Jan 13, 2009 at 2:06 PM
|
 Flag Answer As...
|
|
|
| |
You can purchase and rent for part of the year however most tenants are looking for a 6 month or more comonly 1 year lease. That said, a shorter term is possible just a matter of finding the tenant. Also, the condo rules should be reviewed as they may prohibit less than a year lease.
Jeff Kerr
@properties
jeff@chitownpg.com
773-326-0048
Jan 13, 2009 at 11:15 AM
|
Flag Answer As...
|
|
|
| |
Hi Scott,
Mike Schneider hit the nail on the head. The most important aspect is to make sure the condo association allows it. If there are no restrictions in the condo documents, you'll have no problem legally with renting it out. If you need any help searching for a property in the city, please drop me a line...773-720-0337, aharris24@yahoo.com, www.property-chicago.com.
Thanks!
Andy
Jan 13, 2009 at 10:19 AM
|
Flag Answer As...
|
|
|
| |
that depends on the condo association affiliated with your purchase....some will not let you 'rent" at all....some will allow you to rent after one year of residence....and some dont care if youre an investor and purchase just to rent out....
so i hope that helps....keep in mind...before you purchase...
request info regarding that issue..but get that in writing..dont trust just verbal...you can make a huge mistake and you have no leverage.....
happy new year...
mike schneider, abr
Re/Max Superior
847-659-0213
www.just-ask-mike.com
Jan 13, 2009 at 9:04 AM
|
Flag Answer As...
|
|
|
| |
Yes, that is not a problem. Feel free to call me and I walk you thru that scenario. Thanks! Sean - 630-881-7082
Jan 13, 2009 at 7:52 AM
|
Flag Answer As...
|
|
|
| |
|
|
|
|
|
5 responses
|
