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People comparing condominiums for potential purchase often check the by-laws, rules and the covenants, codes and restrictions (CC&Rs) of the condominiums being considered. Some condominiums prohibit pets and renting of units by the owner. Some condominiums require that the board have the right of first refusal on the sale of any unit in the complex. Sometimes people looking at condominiums inquire about the owner-to-tenant ratio. Since many condominiums are purchased as investments, there could be a high percentage of tenants versus owners living in the building. People considering condominiums often look for complexes that reflect their lifestyle, such as access to a nearby city.
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