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Originally Posted by memason
Does anyone know exactly what benefit TV gets by being a 55+ community ? Legal or otherwise...
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There are laws against age discrimination when it comes to selling or renting properties. You can't just say "no children, no teenagers are allowed to live here", unless that community is a designated age-restricted community. And in order for a community to be legally designated as “age-restricted”, 80% of the homeowners have to be 55+.
The purpose is to provide a way for “adult communities”, such as TV, to exist without running afoul of the federal age discrimination laws.