If a property is occupied solely by individuals over 62 years of age, they are exempt from which regulation?

The correct answer is that individuals aged over 62 are exempt from familial status regulations. This exemption is established under the Fair Housing Act, which includes provisions to protect against discrimination based on familial status. In the case of properties that are occupied exclusively by older adults, providers can set policies that limit occupancy to individuals over a certain age, thereby allowing such communities to operate without being subject to familial status protections.

This means that they are not required to accommodate families with children and can maintain a specific demographic within the property. The aim of this regulation is to provide housing options specifically designed for seniors. Other options such as financial verification, animal control, and property tax assessments do not typically relate to age-based occupancy regulations in the same way.