Asset Testing Sample Clauses

Asset Testing. At the time of the purchase of any Unit, a Qualified Owner shall not have more in combined real and personal property assets than an amount equal to or greater than the listing price of the unit at the time of sale. Asset testing shall be done only at the time an individual purchases a Unit. Assets acquired by a Qualified Owner after purchasing the Unit shall not have any effect on the ability of the Qualified Owner to continue to own the Unit.