Thinking About Renting Your Condo?
There is a wide range of opinions when it comes to rental units in condominiums. Some condo owners and condo boards believe that renters don’t take proper care of the condo building. They believe renters tend to cause excessive noise problems, invite friends in to use the fitness facility, and generally don’t take the proper care to protect the condo property. Constant moving in and out of the building causes elevator delays, damage, excessive garbage, and parking problems.
On the other hand, renters can be a great way to introduce someone to condo living. Before buying a condo, a tenant can rent on a trial basis. They can determine if condo living is the right lifestyle for them. Renters also get to know the building and their neighbours and can better decide if this is the right fit. A renter who chooses to buy is likely to get involved in the condo community, attend condo meetings, express their opinions, and serve on the board. Continue reading