How are homes passed on to children, or handled in estate planning?
Just as you can sell your home to anyone, you can also pass ownership through estate planning as you would with any other single family home. However, future occupants must meet community age restrictions. Future prices are determined by the market and there are no fees associated with selling the unit from the HOA, except for minor filing fees. The board has certain authority to screen buyers, but also is a valuable resource since it maintains a list of potential buyers and renters. All fair housing laws and any other applicable laws will be observed.