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Tiger, Home Buyer in Hancock, Cape Coral,...

are there stipulations as to who can live in a 55 plus community, i.e. children/grandchildren, are they permitted to live there or stay long term

Asked by Tiger, Hancock, Cape Coral, FL Thu Jun 9, 2011

thinking of buying in a 55 plus community

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Answers

8
Live there? It's highly unlikely that anyone 18 or younger would be allowed to live in an age restricted community.

Stay there? Sure, that normal. 2 to 4 weeks are common limits.
Web Reference: http://www.55places.com
1 vote Thank Flag Link Tue Jul 5, 2011
It is important to be aware of the HOA/deed restrictions on a property before making an offer. If you are thinking of buying a home in a deed restricted 55+ community, you will want to get a copy of the deed restrictions before you buy and read it over carefully. These can either be obtained from the seller or directly from the homeowner association.
0 votes Thank Flag Link Mon Jul 4, 2011
55 plus communities must be registered with the state of Florida and are given specific guide lines to follow. The condo docs will detail the requirements in each community based on these guide lines. Be sure to read over the condo docs, you have 3 day right of recession to review and determine if the community fits your goals.

In most cases no person may live,permanently, in a 55 plus community unless they meet the age requirement. There are restrictions on number of days anyone,family,friend,tenants may occupy the property.

Please check your condo docs and work closely with your REALTOR.

Good luck to you.
0 votes Thank Flag Link Sun Jul 3, 2011
Yes, there are stipulations as to who can live in a 55 plus community. These 55 plus communities were designed to allow their residents a peaceful and exquisite lifestyle, without the hustle and bustle that younger families are accustomed to. Grandparents, dont worry, in most cases your grandchildren are welcome to visit, but please have your realtor check the rules first! Grandchildren usually cannot live with you, and many communities have a maximum amount of days at a time which allow grandchildren to visit. 30 days is very common. Need more info about a 55 plus community? Check out our website at http://www.selectnapleshomes.com and please feel free to give us a call! Sincerely, The Curkovic Team- Naples FL Realtor
0 votes Thank Flag Link Thu Jun 16, 2011
As others have answered already, each community has its own rules & regs. Children can normally visit, most have a maximum of 30 days and of course, must always be accompanied by adults. Most (that I've been involved with anyway) can not live there permanently.
0 votes Thank Flag Link Fri Jun 10, 2011
my understanding is that the grandchildren (under 18) can visit, but can't live there full time. Each community would have guidelines as to how long they can visit.
0 votes Thank Flag Link Thu Jun 9, 2011
Yes, certain requirement are general and others specific to each community. If you narrow down to specific communities, with specific question I may be able to better respond to your questions.
Web Reference: http://AroundNaples.com
0 votes Thank Flag Link Thu Jun 9, 2011
Each community may have different rules and regulations. When a Buyer has in interest in a specific community which may be a 55+ community, the Buyer should be sure to ask for a set of the rules and regulations as well as any financial disclosures / budgets, etc. and review these documents before signing a contract. An alternative to this is to have your Realtor state in the offer that the Buyer should have a 3 business day period of rescission in order to have time to review these documents. Further that the Buyer may 'walk' for any reason with written notification to the Seller.

Generally speaking, one person in the family must be 55 or older to live there or stay there for any period. As to children you will have to check the rules and regulations.

Larry Halpin / http://www.OurNaplesRealEstate.com
0 votes Thank Flag Link Thu Jun 9, 2011
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