2007-08-02 02:40:36 · 5 answers · asked by sutil38 1 in Business & Finance ➔ Personal Finance
Each community has its own set of rules. One of the rules will state how old a person must be to reside there. Check with the community you're interested in for its specific rules.
2007-08-02 04:03:09 · answer #1 · answered by Christie 4 · 0⤊ 0⤋
the community may have "CR&R" as part of the deeds -- which would have been created when the community was built.
CR&R = covenants, rules and restrictions
[or CC&R in some states, etc.]
all buyers are legally aware of the CR&R -- they will be turned up by a title search.
In a retirement community, a likely CR&R is that at least one resident of the home must be at least 55 and than no resident may be less than 18 or 21 years of age.
That doesn't prohibit the 53 year old from either buying or inheriting a home there ... but absent the retirement age resident, s/he can't live there.
Seek and ye shall find.
2007-08-02 10:04:43 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 0⤋
It depends on the rules at the retirement community. Some yes, some no. You have to ask the community.
2007-08-02 09:44:37 · answer #3 · answered by bdancer222 7 · 2⤊ 0⤋
depends on the rules of the retirement community f
2007-08-06 08:55:40 · answer #4 · answered by mister ed 7 · 0⤊ 0⤋
yes
2007-08-02 10:29:13 · answer #5 · answered by Anonymous · 0⤊ 1⤋