Quote:
Originally Posted by OrangeBlossomBaby
Here's the actual text of the law, from the government's own website:
So Margaret is incorrect. The unoccupied units don't count in regards to the 80/20 restriction.
80% of OCCUPIED units - have to be occupied by at least 1 person 55 or older.
Until and unless the Developer - who is responsible for enforcing that restriction, chooses to maintain data and report it on a regular basis, no one will know whether it is being enforced or not.
|
I believe that is what I said. The unoccupied units DO NOT count. I said they should be counted in the 20% not the 80%. Either way, we are saying the exact same thing. Data needs to be ACCURATELY recorded on a regular basis and IT IS REQUIRED BY FLORIDA LAW. I am consulting a lawyer about this. I would rather KNOW my rights than guess. You are on the right track. Start questioning the actual numbers. A community can not call themselves a 55+ community without adhering CONSTANTLY to the 80/20 rule. That is just simple common sense. If it smells fishy, it probably is!
I believe anyone who posts the contrary is probably an investor. What resident wouldn't want to see an accurate count that is required by Florida Law? Scary for an investor though.