Condo Lease Guide: What's Different About Renting a Condo
Condo rentals look like any other tenancy — but they come with a layer of complexity that can catch renters off guard. Here's what you need to know before signing a condo lease.
How Condo Rentals Work
When you rent a condo, you're renting from an individual investor-landlord, not a property management company or building owner. That landlord also has to follow the rules of the condo corporation. This creates a dual-layer of obligations that affects your day-to-day experience as a tenant.
Key Differences from Apartment Rentals
Condo corporation rules apply to you
The condo corporation has its own rules (sometimes called Rules and Regulations or a Declaration) about noise, guests, move-in procedures, amenity bookings, and more. As a tenant, you must follow these rules — and violating them can lead to complaints against your landlord, which may affect your tenancy.
Amenity access varies
Some condo buildings extend amenity access (gym, pool, rooftop) to tenants. Others don't. Confirm what's included in your lease before signing.
Your landlord can sell the unit
If your landlord decides to sell the condo while you're living there, your rights depend on local law. In Ontario, tenants generally have the right to stay until the lease ends. In some US states, you may receive notice to vacate if the new owner intends to occupy the unit.
Insurance responsibilities
Condo leases often require tenants to carry renters' insurance. The condo building has its own insurance, but it typically only covers the building structure — not your belongings or liability.
Red Flags in Condo Leases
Lease doesn't include a copy of condo corporation rules
Lease tries to waive your rights under local landlord-tenant law
No clarity on who handles repairs — condo corp vs. individual landlord
Landlord cannot provide proof they're in good standing with the condo corporation
Amenities mentioned verbally but not written into the lease
Before You Sign a Condo Lease
- ✓Request a copy of the condo corporation's rules and bylaws
- ✓Confirm which amenities you have access to, in writing
- ✓Ask whether the unit is in good standing (no outstanding fees or violations)
- ✓Get renters' insurance before move-in day
- ✓Clarify the repair escalation process: who do you call, and for what?
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