Condo HOA Tenant Screening/Fees
I recently purchased a condo and will be looking to find a tenant shortly. The HOA for the condo requires the tenant to fill out an application ($100) and does a background and reference check. They also require a $200 deposit.
I assume it would be in my best interest to also screen the tenant to protect my interests and take a deposit as well.
I wanted to get input to see what others do in this situation. Do you come up with a combined deposit and application fee to cover both the HOA and my app/deposit or separate everything out?
Any advice is appreciated.