Under 55 Residents

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  #46  
Old 03-25-2013, 01:47 PM
Cantwaittoarrive Cantwaittoarrive is offline
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Quote:
Originally Posted by Dr Winston O Boogie jr View Post
I can't comment on a 28 year old inheriting a home but it poses an interesting question. It's a very unlikely scenario, but what if 20% of the residents who willed their homes to people under 55 died. It could push the number of under 55 over the 20% limit.

As far as being 44 and 48, there is no problem as long as The Villages approves it and they stay under the 20% cap.

Of course owning a home here does not mean that you are a resident. For example, you could own the home and rent it to people who are over 55. Or, you could remain a resident of another state and use your Villages home as a vacation home.

Another possible scenario is that one spouse is over 55 and the other is under 55. They have two over 18 yo children from a previous marriage living with them. The spouse who is over 55 passes away. Do the souse and children have to move out even though they own the home?
No not as long as they are not under 19 years old
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