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Old 12-04-2009, 09:39 AM
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ajbrown ajbrown is offline
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Quote:
Originally Posted by redwitch View Post
By law, only 80% of homes can be restricted to 55+ in a senior living community (this is national, not just Florida). So, at least 20% of people under 55 can buy here. However, a development can let more than 20% of purchasers be under 55. Also, if a couple is purchasing, only one of them needs to be over 55 to be in the 80% category.
Not a lawyer....and I have been wrong before , but ....

I think it is just the opposite. By law at least 80% of the homes must have one adult of 55 or older to quality as an over 55 community. They could restrict it so that no one under 55 can buy a home in an over 55 community.

My wife and I tried to buy a home up north in an over 55 community, we were turning 54 and were denied. We were allowed to buy here, for which we are very grateful and happy!