Quote:
Originally Posted by MrChip72
Was there an official number of 8% with some sort of audited data that was presented to you, or was this just someone telling you it was 8%? Since we bought, I've found lots of things we were told ended up not to be completely true.
Doubtful that it's even possible for them to track people renting out houses to families under 55 like some people that are in my area, houses changing hands in other ways, divorce, etc.
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It is tracked. I have spoken to one of the people who do it. It is behind the scenes and occurs during the month between signing the deal and closing. A sale could be disallowed if we ever approach the 80% limit. Tracking is required by law as part of remaining a 55+ community.