Marylynn Hawkins Senior Real Estate Specialist
Also, if you are thinking of purchasing for the purpose of renting out...there are a couple of communities that have a restriction where you need to own for a year or two before being allowed to rent.
Being a Senriors Real Estate Specioalist with 1/3 of my business in adult communities in Monmouth/Ocean County for the past 6 years I can tell you that few (if any) will allow a 45 year old to own an AC property even if it for the purpose of renting.
That is mainly due to State law that dictates the ratio of 55 to less then 55 be a certain percentage . . . and they must reserve the under 55 for those who lose signifcant othesr that were the 55 while they may be 50 Case in point, I live in a 55+ community, but I'm under 50.
Francesca Patrizio, Broker Sales Associate, SRES, ePRO
Gloria Nilson REALTORS, Real Living
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