Talk of The Villages Florida - View Single Post - 80/20 rule
Thread: 80/20 rule
View Single Post
 
Old 10-02-2012, 10:40 PM
ugotme's Avatar
ugotme ugotme is offline
Gold member
Join Date: Jul 2012
Location: The Village of Charlotte
Posts: 1,183
Thanks: 0
Thanked 2 Times in 2 Posts
Default

It is my understanding that in order to qualify as a "senior residence" there can be no less than 80% ownership by someone age 55 or over. If you fall below the 80% mark, you could become an "open community" which would then have to allow children in (under 19).
__________________
Brooklyn, NY; Bethpage, NY; Tamarac, FL and N O W The Village of CHARLOTTE !!!!