Any issues w/ Sub2 condo deal and HOA?

[tee2]

I have no experience with HOA's. Would there be any potential HOA issues when purchasing a condo Sub2 in South Carolina? The only thing that would remain in the sellers name would be the mortgage. I believe home owners insurance in included in most HOA fee's and the deed would be transferred.

[Dave T]

HOAs are only concerned with who owns the property.  If you have the dded, then the HOA needs to know that it is you that will be paying the HOA fees and voting your ownership interest at the annual meeting.

[herbster]

Make sure you stay within the rules and regulations of the HOA. Herbster

[tee2]

Thanks. SO basically there should be no problems with buying a condo sub2 with the deed transferring to me. I would also assume then that unless they have by-laws that don't allow for a lease tenant there should not be a problem putting in a tenant/buyer.

[Dave T]

The association bylaws might allow renters subject to assocation approval of the lease.  You need to know if the association is denying lease approval as a standard policy.  If so, then you won't get a "legal" tenant/buyer in place.