The better lifestyle option for retirement living!

Life Lease housing developments have been established for many years in Ontario and Canada, and have recently become the preferred choice of today's rapidly expanding retirement population.  There are currently over 80 Life Lease communities in operation across Ontario.  Life Lease housing has proven to be a creative option for providing housing, programs and support, plus an opportunity for investment today for tomorrow.

Life Lease communities enable residents to belong to a community designed to meet their changing needs.  Future support services can be provided to residents so that they can maintain their independence for as long as possible.  Most of all, residents find the community feeling of living with other mature adults and the reduced home maintenance of a condominium-like environment, to be particular attractions of Life Lease housing.

"It's simple; all we have to do is change our address.
A lifestyle free from home maintenance that once occupied our waking hours ~ we can't wait, our fun years are about to begin!"
- J. Johnston, Ottawa, Ontario

Under a Life Lease Plan, residents purchase a life lease interest, at market value, in both the property and their suite, similar to purchasing a home or condominium.  They have exclusive use of their suite, shared use of all common areas and facilities, and many more benefits.

The Life Lease form of tenure offers similar protection to freehold ownership.  For example, the Lease can be registered on title to the property in the same way a deed can be registered on a condominium or detached house.  This registration protects the interests of the residents.

When the resident or their estate wishes to sell their life lease interest, they receive market value, less a small administration fee.  As the market value of local real estate increases, so does the value of the life lease interest.  Mature adults are able to protect their investment and earn a return similar to the equity growth in their family home.

For a comprehensive overview of the Life Lease Concept, we invite you to visit Zock & Associates at www.zock.ca.