So you have tried to sell your condo and no luck? Maybe you owe too much or maybe the new financing rules about condos have made it almost impossible? So what can I do now? Rent it perhaps?
Renting a condo is not near as easy as it appears! Step one is to see if renting your condo is even allowed by your bylaws and your association. Many fear they will become glorified apartment communities so they restrict renting or only allow so many to rent. Those that do allow renting will normally reqire a fee, a form to fill out and be approved BEFORE you rent, and certian language in the lease and if you do not comply then you may be denied and they may be able to evict your tenant.
My advice to you is in step 1 to check with your condo association before renting your condo becomes an option or you could have bad consequences that make the selling your condo experience a bad experience for you!