Real Estate Broker · St Petersburg · Member since 2014 · 2k+ posts · 2k+ votes
9y
@Edi C. if I understand what you are saying, this means that you can't rent your property for the first two years, must be owner occupied. After nine months, you can them lease it out. I would ask find out if your tenant has to be approved, if there a fee and how long is there approval process
Atlanta, GA · Member since 2016 · 33 posts · 7 votes
9y
Now what I'm doing is waiting, following the rules. But I posted it to see if there were any experiences on this.
@Kim Meredith Hampton Nothing states Owner Occupancy for HOA. The only Owner Occupancy needed was the 1st year for the lender (which is okay). Yes, tenant has to be approved and it takes about 3 weeks - or a few days or a week with a rush application -.
@Bob Razler Yes, it's in HOA rules and not in the Deed.