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The Villages is a census-designated place (CDP) in Sumter and Marion counties in the U.S. state of Florida. It shares its name with a broader master-planned, age-restricted community that spreads into portions of Lake County. The overall development lies in central Florida, approximately 20 miles (32 km) south of Ocala and approximately 45 ...
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. These communities are set up to accommodate older individuals who ...
Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000. However, the second $25,000 of homestead coverage does not apply to the school portion of property taxes, and only applies to the third ...
Apr. 17—TRAVERSE CITY — Deed restrictions that are good for 99 years could be a way to increase year-round housing in a community by preventing them from becoming short-term rentals. With a ...
A homeowner association (or homeowners' association, abbreviated HOA, sometimes referred to as a property owners' association or POA), or a homeowner community, is a private association-like entity in the United States, Canada, the Philippines and certain other countries often formed either ipso jure in a building with multiple owner-occupancies, or by a real estate developer for the purpose ...
The Lady Bird Deed works in Florida like it would in any other state that recognizes the estate planning tool. When you execute the deed in Florida, you receive a life estate in the property ...