Jeanne werber, Renter in West Hollywood, CA

does this building have restrictions regarding leasing to outside tenants?

Asked by Jeanne werber, West Hollywood, CA Sun Jan 20, 2013

can I lease the apartment out?

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This question was asked from this property: http://www.trulia.com/foreclosure/3033345913--Ocean-Ave-1705…

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Answers

4
Jeanne,
You need to check with the HOA depending on their current tenant vs owner ratio. Call me directly if you'd like me to assist you with this.

Elizabeth Sorgen
310-469-0500
0 votes Thank Flag Link Thu Jan 24, 2013
Good morning Jeanne,

This property has been on the market for two years..it has an underlying loan of 85 million dollars.
This unit will pay over a thousand a month to the HOA.

There are other units in Santa Monica that I'd be happy to send you info on..including if you are allowed to lease out.

Please feel free to contact me:
Susan Bo'ur
Realtor/Coldwell Bank
Susan@SusanBour.com
(310) 600.4240
0 votes Thank Flag Link Mon Jan 21, 2013
The HOA usually has move in/move out fees for when you are leasing out your condo unit, this is pretty standard here in Santa Monica. They usually range from $125 to $175, many owners pass this fee onto the new tenant and make it part of their cost of move in.

Give me a call or email me and I can give you more details and schedule a showing.

I look forward to speaking with you soon.

Have a great day,
Heather Paul, Realtor
Coldwell Banker
310-923-2334
http://www.HeatherPaulOnline.com
0 votes Thank Flag Link Sun Jan 20, 2013
Jeanne...you can most probably lease the unit out without a problem... unless the HOA has restrictions about what percentage of the units need to be owner vs. leased out and the ratios are off.
A conversation with the homeowner's association will give you the answers you need.

Best….

Jodi Summers
The SoCal Investment Real Estate Group
Sotheby’s International Realty
310.392.1211
jodi@jodisummers.com
http://www.SantaMonicaLandmarks.com
License # - 01343854
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The world suffers a lot. Not because of the violence of bad people, but because of the silence of good people. —Napoleon
0 votes Thank Flag Link Sun Jan 20, 2013
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