Quote:
Originally Posted by Marathon Man
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.
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I can understand how they could track property sales, but the age rule only applies to residents, not owners. The only way I can see how to track the residents is with the ID cards. But, a lot of people rent out their house, or they are snowbirds, who are partime residents. Any tracking system they use could be grossly inaccurate.