“Owner Occupied” Condo Communities: Unreasonable Restrictive Covenants?

A condominium's governing documents frequently prevent condo purchasers from renting their units to residential tenants for a period of one year or so after the initial sale of a new unit.  Beyond the typical one-year period, rules and regulations of the Condominium Association may attempt to require owners who want to lease their units to place their names on a waiting list, with only a small percentage of units permitted to be rented at any one time.

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