7 Things You Should Know
before Renting a Condo
The first thing you must
consider when renting a
condo is the location.
Is it desirable all year long, or is it some
place people only visit during certain times
of the year?
If you want to rent your condo out during
the year, the location must be able to draw
people all year long, and you will want time
to enjoy it yourself.
Look at the Fine Print
Never sign a lease agreement without reading the
You may discover hidden fees or regulations that
you weren’t expecting.
Also, there may be landlord duties that you’re
unwilling to fulfil or can’t fulfil if you plan on
renting your condo or only using it at certain
points during the year.
Read the rules
agreeing to a
They might not allow
you to own or do
certain thins to your
For example, does the
condo rental you have in
mind allow pets? Or do they
have policies about painting
Be wary about hidden fees. The rent
on your vacation rental might seem
reasonable, but have you factored in
things like gas, water, or garbage?
Think about other fees that
will also drive up rent. Some
things can include:
• Fitness Center Fees
Before committing to a lease agreement,
read the minutes of the condo association.
This will give you an idea of what you can
expect from your neighbors.
Reading the minute can tell you if certain
neighbors will cause problems or make
living in the condo stressful or awkward.
Maintenance is often included in condo rentals
and purchases, but it will cost extra. This means
paying another fee.
If maintenance isn’t included, that means you’ll
have to do it yourself or hire someone separately
to take care of your lawn while you’re out of town
If maintenance isn’t
included and you don’t live
in the area, try working out
an agreement with a
Choose Your Condo Location Wisely
Above all, choose your condo
location wisely. You’ll want to
enjoy it for many years, so
make sure it’s the perfect fit
for you and your family.
Shoreline Properties Inc.
Shoreline Properties, Inc.
6808 Coastal Hwy.
Ocean City, Maryland 21842
Office: (410) 524-6688
Toll Free: (800) 492-5832
Thinking about renting a condo? Don’t
sign a lease without considering these 7