What repercussions can I face purchasing in a 55+ community at 30 years of age?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What repercussions can I face purchasing in a 55+ community at 30 years of age?
My aunt is willing to sell her villa in a 55+ community for $75K. It is the only home I can afford to purchase and it is in a safe community. The HOA president said no, they are 55+ only and there documents state that. What type of trouble can I get in if I purchase and move into this community. Can I be forced to move or be sued and wind up having to pay an insane amount of fees and fines? There documents do not have the repercussions listed, is it worth taking the risk?
Asked on January 5, 2012 under Real Estate Law, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If your aunt is willing to sell you her home in a retirement community where there is an age requirement to live there of 55 plus years of age, there is nothing preventing you from buying the property. The issue is being able to reside there on a permanent basis.
I suggest that you carefully read the recorded covenants, conditions & restrictions presumably recorded on the property you are interested in purchasing to see what can and cannot be done as far as residency. Possibly you can reside there as your aunt's helper.
Before you decide to purchase or not purchase the property, I suggest that you consult with a real estate attorney experienced in age restriction issues in planned unit developments like the one you have written about.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.