Restrictions for my subdivision state that all tracts shall be used for “private single family residential purposes”, does thismean that you can rent the house out?

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Restrictions for my subdivision state that all tracts shall be used for “private single family residential purposes”, does thismean that you can rent the house out?

Asked on November 2, 2010 under Real Estate Law, Kentucky

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

You have not given much information as to the type of housing subdivision.  When you say
restrictions" is that for the purposes of building?  Is there a prospectus?  Is there a homeowner's association with a set of homeowner's association rules?  All these things matter.  Generally speaking if you own a home then you can rent it out if need be.  But I have heard of some subdivisions in Florida that have certain restrictions placed upon the homes by the builders in the contracts such as not being able to "flip" the house - sell it after it is built and you take possession from the builder - for a certain period of time.  Some builders do not want "speculators" but owners. So I would double check all this with an attorney in your area.  Show him or her all the paperwork involved  Good luck.


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