Are there restrictions on how much I can charge for rent on my condo unit?

In New Hampshire, condo owners are subject to certain restrictions regarding how much they can charge for rent on their condo units. Although the law does not limit the amount that a condo owner can charge, it does require owners to follow certain guidelines. The New Hampshire Condominium Act requires owners to set rental prices that are “reasonable” and in accordance with the terms of the condominium documents, which can be found in the condo association’s bylaws. The rental prices must also be kept in line with similar units in the same building or complex, and any increases must be reasonable and non-discriminatory. It is recommended that before any rent increases, a condominium owner consults with an attorney and/or accountant to make sure that the increase is legal and within the bounds of the Condominium Act. In addition, condo owners must also abide by the state’s landlord-tenant laws regarding rent security deposits, late fees, and other rules. These laws are designed to protect the condo owner’s rights, as well as the rights of tenants. For example, a landlord must return the security deposit within a certain amount of time after the tenant leaves and must also provide a receipt for any rent payments. Condo owners can benefit from familiarizing themselves with the legal requirements of renting out their condo unit, as it can help to avoid any misunderstandings and disputes. Ultimately, the rent amount must be “fair and reasonable” under the state’s condo law.

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Are there restrictions on how much I can charge for rent on my condo unit?

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