Many condominium associations have restrictions limiting an owner’s ability to lease their property. These provisions are intended to preserve property values and protect unit owner quality of life.  However, such restrictions may limit financing options for prospective purchasers. Recently the U.S. Department of Housing and Urban Development (“HUD”) clarified whether certain leasing restrictions within a condominium association’s governing documents would disqualify owners or potential buyers in the community from obtaining Federal Housing Administration (“FHA”) mortgage insurance.     Read the article……………..