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Phil Querin Q&A: 80/20 Rule and 55 & Older Housing

Phil Querin

Question.  We have just begun managing a 55+ community. However, we are confused about the 80/20 rules and the possibility of losing our 55+ status. What is a safe margin for occupancy limits?  And if our community percentage is 85%, are we required to rent the 15% remainder to families with children?