However, you can be prevented, it's up to the board... sometimes the board president or management company can give you a general idea of what is likely to be allowed, if you ask.
They do NOT have to allow for that person to move in. And on top of that, some over55+ are age restricted even at 62 and 65... you would need to work with an agent that would help you examine the condo documentation or deed restrictions per community. The community management would have the numbers at their fingers so a good agent could call on your behalf.
With so many baby boomers moving down to Florida in the next 10-15 years, it makes sense that many would buy in 55+ communities pre-need and rent it out until they are "of age"...but it needs to be strategized with your agent.
For all your real estate needs from Sales to Mortgage Financing, feel free to contact me!
Licensed Mortgage Broker
Boca Executive Realty
In many cases the 20% ownership is being held back for individuals that will become owners because of a death and inherit the property. Yes, you can be prevented from being able to join a condo assocaition based on specific criteria.
The "Eckler Team"
century 21 Almar and Associates
Venice, Fl 34285