JanC
Posts: 1
Posts: 1
Posted:
We live in a small community of 67 townhomes, my husband is the HOA President dealing with alot a problems with our rental units and their children. How can we change our community to a 50 and over community?
A service of:
Community123.com
Professional websites for HOAs & condos, since 2004
Professional websites for HOAs & condos, since 2004
🎁 1st year FREE for HOATalk members! →
Changing Age Limit to Over 55
Started by JanC • 1 replies • 1874 views
💬 Join us to post & get advice from 50,000 HOA & Condo leaders.
Create Free Account →
⚡ Takes 30 seconds
Already a member? Log in
LisaS
Posts: 340
Posts: 340
Posted:
First, you would need to check you documents for the requirements to change them. Usually, it requires a 2/3 or majority vote.
What do you propose to do with individuals who own property there and are under 50? Are they expected to have to sell their property?
If the over 50 restriction does happen, and anyone is forced to sell their home...beware that if it affects their property value the association can be sued for loss of value and a number of other related expenses tied to the 'eviction'.
What do you propose to do with individuals who own property there and are under 50? Are they expected to have to sell their property?
If the over 50 restriction does happen, and anyone is forced to sell their home...beware that if it affects their property value the association can be sued for loss of value and a number of other related expenses tied to the 'eviction'.
🎯 You've read this entire discussion
Join the conversation with 50,000 HOA & Condo Leaders:
- ✓ Ask follow-up questions
- ✓ Share your experience
- ✓ Get expert advice
- ✓ Access 350,000 discussions
Create Free Account →
⚡ Takes 30 seconds
Already a member? Log in here