Thinking of moving into a retirement community? Then you might be wondering how the 55+ rule actually works. We’re giving you a run down on how the law applies to you.
If you’re looking at retirement communities they are probably consider 55 and over communities. For some people, this is a great option for retirement. For others, it can be an issue if they have people younger than 55 living with them.
In Florida 55+ communities there is a federal law that governs all our age-restricted communities. According to this law, at least 80 percent of the occupied units must have at least one resident who is 55 years of age or older.
Anyone else living in the home can be no younger than the minimum age established for the community. Most commonly, that age is 45. This means that no one in the community can be younger than 45.
Now, this does not meant that you can’t have people younger than the minimum age visit. If your grandchildren come down, most communities will allow guests of any age for up to 15 days 2 times per year.
In general, you’ll find that 55+ communities are active, exciting and full of new friends. There are lots of options across the nation, so you’ll have to research to see what’s best for you. We can get you started with great homes for sale in our communities across the state of Florida. Visit www.NewbyRealty.com to see what’s available.