Before buying condo, beware of rules favoring developer
Buyers say rental restrictions create disadvantage
By Benny Kass, Thursday, January 31, 2008.Q: We just bought a condominium unit in a new 50-unit complex. Although the developer will not tell us how many units have been sold, we have recently learned that it is starting to rent some of the unsold units.
This seems unfair, especially since our contract specifically states that we cannot rent for at least one year after settlement.
Can the developer rent those units?
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