Fee Simple is a form of ownership where you own the building and the property/lot it is on, unlike a condo where you own the inside of a unit (from the studs in) and have joint ownership in the "common areas, or a cooperative where you own a % of the cooperative with rights of use to a specific unit. It has nothing to do with rentals,
Other restrictions- that would involve rentals: Some communities have specific deed restrictions for their community, otherwise the only restrictions would be county. Some communities can be very specific down to paint color. There may be restrictions on rental such as a 3 month, 6 month or 1 year minimum duration. Generally speaking communities with HOA associations have more restrictions. The purpose is not to inconvenience people, but to maintain the value of the community.
Those looking to park a boat, RV etc. typically look for non deed restricted communities. Flip side is, unless you are on the water-deed restricted communities may bring you a higher rent. It all comes down to location, location, location.
Interview some full time professional Realtors and find one you are comfortable with. They will go over your specific goals in what you are looking for and help you find the best choice for your needs.
I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761