• Living In Age Restricted Condos

    Posted Sep 5th, 2010 By Richard Landuyt in Real Estate Answers With | Comments Off
    My daughter and I own a condo in a senior development. She lives there with her hubby who is over 55 and qualifies her to live there, she is only 40. His name is no where on the deed. They are talking divorce now, and she’s worried that she may be forced out of the condo due to her age.
    Are her fears grounded?
    Look at the condo association by-laws. they spell out all the concerns you might have about this & many other issues, some of which you didn’t even think about yet. All owners should have a copy. If not, then you can get another copy from the association or a neighbor.
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    Richard Landuyt
    Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.


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