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Real Estate
Reply to "Can you choose not to sell to people who will rent?"
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[quote=Anonymous]Individual home owners/sellers cannot, but if you have an HOA or Condo board, they may impose a restriction on the number of owner-occupied properties within the community. The reason they can get away with it is they have external factors that may impose the restrictions. It is not unusual for the insurance companies of HOA's to have a restriction of X% owner-occupied residences in the community to provide insurance. Additionally there may be loans taken out for work done on the community (especially it the HOA does not maintain large reserves) and the mortgage lender may have similar type restrictions.[/quote]
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