Good day all.

I have been absent for quite some time now and can't even express how much I missed being here. I have a need now for some opinions about a Condo I am considering.

The couple that owns the condo have stated that they are not allowed to Sublet the Condo according to the rules but they can lease to roommates.

Here's the scoop.

He purchased the condo 3 years ago. About a year and a half ago, he got married and has since had a child. They purchased a home, with the intent of selling the condo. We all know what has happened to the market and economy and given that situation, it has been on the market for over 8 months now with no buyers.

He has not lived there for 8 months, but is paying two mortgages and is in dire straights.

I would like to know, what liability I may be subject to if my wife and I lease this condo as
"roommates" of the owner who does not reside there?

I would like to believe that He and his wife would shoulder all of the liability in this case, after all, I would only be leasing the property from him and have not signed anything that would bind me to or make me responsible for the rules that apply to the actual owner?

Looking for some other opinions please.

This is really up to the HOA. Its up to them to enforce the rule. The only trouble you can get into is being forced to move on short notice. The owner can be fined by the HOA for violating the by-laws.