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Tag: Senior Housing

Housing for older persons community may amend declaration to further restrict residents (FL)

Q: I am a unit owner in a 26-unit, over-55 condominium. A notice was posted for a board meeting six days before it was to take place. On the agenda was a proposed amendment to the bylaws, and transfer of some of board member duties to owners.    Read the Q&A…………………………………… https://communityassociations.net/category/fl_news/feed/

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Florida residents worried about quarantine rules in 55-plus community

Q: We live in Florida in a 55-plus condominium development. Do residents who visit out-of-state folks need to quarantine themselves upon return? And, what about residents who have out-of-state guests staying in their home? It is the community swimming pool (where everyone tends to congregate) that makes me nervous.    Read the Q&A………………………………. https://communityassociations.net/category/fl_news/feed/

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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