To qualify for exemption to familial status rules, under the Fair Housing Act, a property must meet all of the following requirements EXCEPT

The correct choice is that a property does not have to be "only owned as condominiums" to qualify for exemption from familial status rules under the Fair Housing Act. Exemptions regarding familial status are typically based on age requirements of the residents and the intended purpose of the property as a senior housing facility.

For example, a property can qualify as housing for older persons if at least 80% of the units are occupied by at least one resident aged 55 or older, or if all residents are 62 or older. These provisions validate that the community is designed for older adults, irrespective of whether it is structured as a condominium, an apartment complex, or another type of residential setup. The focus is on the demographic composition of the residents rather than the type of property ownership.

Thus, while the other options detail aspects that contribute to a property's eligibility for exemption from familial status rules—like being designated for seniors—they do not restrict ownership structure to solely condominiums.