Quote:
Posted By ThomasR11 on 03/17/2012 2:25 PM
POS excerpt reads "homes must be occupied by at least one person 55 years of age or older...... and one child 19 years of age or older may reside with a parent or parents in any home." Some Homeowners trying to sell their homes have asked if the restriction could be changed to allow two children. Not sure if our documents can be changed in this manner within the State Law, but if so, what steps need be taken to do this. Thank You
I think whoever wrote that requirement was trying to interpret the FHA rules for an age-restricted community and did so incorrectly.
You should read the FHA rules. Your documents can most likely be changed. They should also include, within them, a section on how they may be changed. Your state laws may also specify how this can be done. Keep in mind that changing your governing documents my require a lawyer; they may have to be recorded; and it will likely cost you some money.