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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

Which makes the case that OP should read the bylaws.  Rentals should be limited to 25% of the units at any one time.[/quote]

OP here:upto  25% percent of rentals - is it the rule for DC or something?  [/quote]

No -- it can affect  the property value if it's more.

For example - https://www.washingtonpost.com/news/where-we-live/wp/2015/10/21/too-many-rentals-in-neighborhood-can-cause-property-values-to-stagnate/

You really need to research these things before you buy - you sound woefully under-informed re: condo ownership.[/quote]

https://www.marketwatch.com/story/too-many-renters-are-a-bad-sign-in-a-condo-complex-2015-04-27[/quote]

OP here thanks, indeed I have just moved here for work [/quote]

How does one even find amount of renters in some buildings? For instance my garden apt complex has no gates, no staff on site, no common areas or amenities. We email owners info and nearly everyone on direct bill pay. I have no clue who is who. For instance I happen to know my neighbor rents. But she has been there 10 years. Some folks may rent furnished. No moving truck. Some times it could be kids or relatives.

Look we are not in the bed check business. Unless someone doing AIRBnB or stuff (which we have none) who knows. And how would bank even know? No one is tracking rentals. [/quote]

If you are in a condo  building and there is an association (and there should be), there is likely a process for getting your condo approved for rental status that is tracked.  If there isn't (which is why you should read the bylaws!!), I would NOT buy in that building.  If there are no rules regarding rentals, you could be moving into an Airbnb nightmare situation, nevermind the property value issue.  [/quote]

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