Quote:
Originally Posted by Laker14
On another thread a poster mentioned that when he/she bought a new property from the developer in one of the newer sections, they had to sign a contract that explained that the property could not be rented out.
I didn't want to hijack that thread with questions, so here goes.
1. Is that accurate?
2. When did they start that practice?
3. What would the developer's likely motivations be for such a covenant? Wouldn't it make the market for their homes more desirable if folks wanting to buy as an investment were also able to buy the new homes?
I'm not understanding this at all.
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Our friends bought in Citrus grove and rented it immediately to an annual renter. Bought it totally furnished and rented through the Villages rental department. This was in January.