Can I rent out my primary residence?

Whether you can rent out your primary residence depends on several factors, including the terms of your mortgage, any rules or regulations set by your homeowners association, and any laws or zoning regulations in your area. Renting out your primary residence may also have various tax implications during and after ownership of your home.

If you have a conventional mortgage, in most cases you will be able to rent out your primary residence. However, you should check the terms of your mortgage to make sure that it allows for renting, and inform your lender about your plans.

If you have a government-backed mortgage, such as an FHA or VA loan, you may be required to occupy the property as your primary residence for a certain period of time before you can rent it out.

Additionally, you should check with your homeowners association to ensure that there are no rules or regulations that prohibit renting out your property, and also you should check with local zoning laws in your area to ensure that you are allowed to rent out a property in your neighborhood. For example, your rental agreement may require certain conditions and clauses and also require additional procedures

It is always recommended to consult with a lawyer or a real estate agent to confirm your legal rights and obligations before renting out your primary residence.