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Can someone under 60 buy an over 60 retirement flat to rent out to someone over 60 ?
sscrabble
Posts: 115 Forumite
Can someone under 60 buy an over 60 retirement flat to rent out to someone over 60 ? I am over 60 and living in one , and want to sell - someone wants to buy it to rent out to an older person he is friends with.
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Should be OK - I was looking into buying a retirement flat for my Mum some years ago, no issues then but I guess some developments will have their own criteria. What does the lease say?
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There aren't universal rules, it depends on the conditions for your flat - have you read them?0
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I am staying at my girlfriends and do not have a copy of the lease , so cannot see the conditions. I rented out the flat for two years to an old chap before I moved in , and that was allowed - but do not know if you can buy one while under 60. As far as I am aware you can be left one ( parent dies and leaves to young family) - and while you cannot then move in you are not forced to sell - you can put in an elderly tenant --- but do not know if you are actually allowed to buy one while aged under 60 to rent out !0
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sscrabble said:I am staying at my girlfriends and do not have a copy of the lease , so cannot see the conditions.
Unfortunately we can't see the conditions of your lease either.
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I'm at home, with my wife, and I can’t see the lease, either.NameUnavailable said:sscrabble said:I am staying at my girlfriends and do not have a copy of the lease , so cannot see the conditions.
Unfortunately we can't see the conditions of your lease either.
Reading the lease would help.No reliance should be placed on the above! Absolutely none, do you hear?1
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