FHA certification and leasing has long been a thorn in condominium communities’ sides. Therefore, it’s important to remember what types of leasing restrictions are acceptable for purposes of FHA certification and what types of restrictions are not acceptable.
To summarize, condominium declarations and rules may:
On the flip side, condominium declarations and rules may not:
If your condominium declaration or rules contain restrictions contrary to the above, you should consult the association’s legal counsel to discuss amendment of the declaration prior to applying for FHA certification or recertification.
For additional information about the FHA, see our article “FHA Condominium Certifications: The Requirements and Prohibitions”.