Quote:
Originally Posted by collie1228
Yes, it is Federal Law that prescribes the age requirements. But I've always wondered how resales are accounted for under the law. Does The Villages keep count of resales and the age of all resale buyers? I doubt it.
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Under Federal law the developer is REQUIRED to keep records to show that The Villages has at least 80% of over 55 years old living here. If The Villages had LESS than 80% of residents over 55 yrs old then we could NOT be considered a retirement community.