Thursday, April 27, 2017

What You Need To Know About Renting A Condo

If you are looking for a long-term rental at the Lake of the Ozarks that's a step up from an apartment complex, you may want to consider renting a condo. There are many benefits to renting a condo at the Lake of the Ozarks, but there are a few things you should know before signing the contract. Whether you are wanting to rent out your condo, or you're looking to rent one, Keys to the Lake want you to keep these things in mind.

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

One of the best parts about condo living are the amenities. It's like living in a resort! From gyms and tennis courts to pools and hot tubs, condos have nearly everything you need and want. Those that rent your condo may also want to enjoy those amenities too. However, your condo association may have regulations on who can use the amenities and in some cases may require a small fee for renters to use the amenities. Check the association rules before advertising any amenities that are in the complex.

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

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5886 Osage Beach Parkway, Suite B Osage Beach, MO 65065
Direct: 573-964-KEYS (5397) 800-986

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