If you are investing, then the tenant must meet the above age restrictions. As an investor, you are only allowed to own up to 5 units in your name. Thus, how you title the property could potentially make a big difference on the number of units you could own within Century Village.
My wife and I own property in Century Village -- neither one of us qualifies to live in it at this time.
Ivan J Gonzalez, CDPE
The Realtor Who "HATS" It All and An Investors Best Friend
Cocho Int'l Realty
786-587-4929; Fax 786-524-0130
We have sold multiple units there, and some of the reason our buyers purchase a condominium at Century Village in Pembroke Pines Fl. Was the security and convenience available to the owners.
According to the association one of the occupants has to be 55 Years of age or more in order to buy one of the condo units.
My experience is that they are very consistent about it, and there are other restrictions in place that you must know about, before spending lots of time, money and possible emotional attachment to the community.
Miguel W. Maria, P.A., CDPE, e-PRO, TRC.
Sales Manager / Lic. Broker Associate / Member of Weichert, Reators President Club
Distressed Property Expert / e-Marketing Expert / Transnational Referral Certified
Lead & Relocation Specialist / State Certified Residential Appraiser
Personal Assistant: 954.683.3280
Are you looking to invest or to purchase a property? I see some other inexpensive places in Pembroke Pines.
Give me a call and we can discuss your situation more specifically. 786-332-7042