Cost Some may require you to purchase your unit instead of renting. Residents must pay Community Association fees in order to cover the cost of building and maintaining the amenities and shared facilities. Regulation A Community Association typically runs active Adult Communities. These Community Associations may also set Conditions, Covenants, and Restrictions that will effect the amount of control you have over your property. Payment options Private Funds are most often used.
Prices are generally dependent upon the real estate market in their area.
Most have a purchase fee and an additional entrance fee, but some may have monthly leasing fees. You may also be expected to pay monthly community fees. Rent control laws don't have to be confusing. We've got the hows, whys, and some simple ways to help you maneuver through the muddle. Check out your credit before they do.