Know The Association Rules
Each association is different in what you can and cannot do on condo premises. Some condos include rules noise, animals, trash disposal, vehicles and more. When renting out or renting a condo, it's important to know these rules so you do not get a violation, which could result in getting fined. Getting fined while renting a condo could be in breach of contract, which the owner could request you to move. Before renting a condo, read over the association rules and know what you can and cannot do while living in the complex.
How Long Can It Be Rented?
From vacation to long-term, condos are great for renting. However, each association has its own rules on long and short term rentals. Some complexes do not allow rentals under 6-months and others have limitations on how long a renter can stay in a unit. If you are considering renting out your condo, check with the association first to see what type of rentals are allowed and what exactly the rules are for the renters.
Know About The Amenities
Perks Of Renting A Condo
There are many perks for those considering long-term rental of a condo. Renters can enjoy the condo environment without having to pay any of the assessment fees, as those are in most cases covered by the owner of the unit. In addition, most of the time, utilities are included when renting a condo, as the association may pay for them through the association fee.
Keys to the Lake offers property management services at the Lake of the Ozarks. If you have a condo you are interested in renting out or if you are looking for a long-term rental at the Lake of the Ozarks, contact Keys to the Lake at 573-964-5397.
"We don't aspire to be the largest company in the region. Rather, we are determined to be the best at what we do!" ~ Mark Krantz, Owner