How to deal with condo HOA requirements of 1 year lease only?

[Shaoqing Xu]

I’m renting out my condo unit, and the condominium management requires the rental length to be 1 year at least per rule. She does say how I sign lease with tenant is up to me.

My potential tenant is trying to sign a lease of 6 month, at the end of lease I may consider to renew lease with him or sell. 

Any suggestions on how I deal with condo management, so I meet their 1 year requirements while do a 6 month rental lease? 

Thanks. 

[Bill B.]

99% chance they’re going to want a copy of the lease. So 99% chance it’s going to have to be written as a 1 year lease. 

You could ask a lawyer about the legality of signing a year lease with a one month penalty for breaking it early. This would let the tenant have a way out but would not give you any way out. 

You could try a 1 year lease with the first 6 months the rent is x. The second 6 months the rent is x + 20% with a tiny fee for breaking the lease. Again, don’t know if it’s legal and still doesn’t give you a way out of the 2nd 6 months but you get paid more for dealing with them. 

Ps. If this in NY or California make sure you talk to a local expert. I doubt I found a magic bullet nobody else has thought of before.