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An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary.
However, if the number of people age 55+ in a given community falls below the 80 percent threshold, the community could lose its age-restricted status (and loss of such status would be permanent). Most 55+ age-restricted active adult communities will place an age-minimum on the residents.
“Ave Maria is a master planned community where several builders have built different parts of the town,” explained Realtor Desiree Avila. “The town has many 55-plus communities and was built ...
Huge 55-plus community is coming to Southeast Durham despite pollution concerns. Chantal Allam. March 22, 2024 at 5:45 AM. ... The development does have age restrictions: 80% of the homes must be ...
Age restrictions are laws, rules or recommendations which detail the given age a person must be in order to access something. Age limits often apply to minors , people under the age of majority , or older adults .
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
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