Settling on a single family investment property in early September and one of the settlement contingencies from the lender is "Evidence that you have registered the property with Baltimore County as a rental unit."
This is problematic because before rental inspection (required to register as rental), I need smoke alarms installed and presumably a few other minor things taken care of. I imagine that I can't work on the house prior to actually owning it. My realtor was also confused by this requirement and stated that she has never heard of a rental inspection being completed prior to a settlement.
Has anyone experienced a similar situation or have familiarity with standard protocol. This is in Baltimore County.
Thanks as always!
Talk to the county- it sounds to me like you would simply register the property as a rental, so that they could schedule an inspection for a date sometime after you close.
We had to pass fire/smoke detector inspection prior to sale and settlement in almost every place we have purchased so I would not expect smoke detectors would be an issue. Other things it may depend on your area but the smoke detector requirement is something that was present for houses in RI, MA, NJ. You had to have something from the fire marshall before sale. Other than that have you looked into what rental registration requires. If you register is inspection immediate , 30 days? do they just want an application?
Thank you guys!
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