No, but I see that clause kicking the value of units to death. Four out of the last five loan app I had on condos were declined because of stupid things like that clause. Doesn't make sense to me why anyone living in a condo community would do something that will make their unit worth less.... more
No realtors can give legal advice by law! This group of questions are better suits a qualified attorney to respond.
Hire an experienced real estate attorney for legal advice.
Any questions related to real estate transactions, process, or mortgages, lending process I would be more then happy to assist.