Rules

What are the rules?

Each association has its own unique bylaws and regulations which all buyers should review before their purchase, as they have to live by them afterward. So make sure you read every single one.

Many of the rules are mundane, dictating where residents or guests can park. But some condos have rules that can range from no holiday decorations on your front door to limits on hours for barbecuing. Another biggie in condo rules is whether a homeowner is allowed to rent out their home, and for how long. While you may not want to rent it out, the ability to do so—or not—could affect your resale value. Did we mention that you should read the rules? Read the rules.