Home Selling in Lake Worth>Question Details

Jo-ann Olmst…, Home Seller in Lake Worth, FL

Is it possible to sell to a person under 55 in a 55 condo bldg?? If the unit is put in a parents name?

Asked by Jo-ann Olmstead, Lake Worth, FL Wed Jan 14, 2009

I have a potential buyer who would put the unit in his mother's name and she would visit occasionally, buy he would be the main resident (part time, as he is a "snow-bird" ). Would this cause problems with the condo association or is it OK to let your kids stay in your residence as much as you want them to? Thanks.

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Your best avenue for accurate information is to request the HOA documents and review them for this information. Normally only one of the names on the title of ownership is required to be over the age of 55.

Having all occupants of the property be under the age of 55 would probably be frowned upon by the association. Before making a committment be sure you have explored these guidelines thoroughly relative to this community.
0 votes Thank Flag Link Fri Jan 16, 2009
Some of these locations have tight deed restrictions. Best investigate read all materials, HOA and etc. prior to making purchase.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Jan 14, 2009
It depends on the Association. Most associations have rules as to how old any permanent resident can be. There have been cases where people have closed and not been able to move in.

The building may let people under 55 buy but they may not let them move in...

I would consult the association and probably an attorney one way or another. But if buyer approval is mandated on a sale, the title company would not let the sale pass without a letter from the Condo owners association stating that the buyer is approved.

Buying it in the mother's name and living in it would require the registration of the son with the association - and they may not allow that.
0 votes Thank Flag Link Wed Jan 14, 2009
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