Questions & Answers
Ownership
Monthly Fees
Management and Administration
Nursing Home
Buy-Back
The Sunshine Centre - Assisted Living
Understanding the Agreements
Lifestyle
How is Lutherwood associated with Luther Village on the Park?
In practical terms what will I experience?
What opportunities are available within the village for less mobile residents?
Will Luther Village on the Park become isolated from the rest of the community over time?
Ownership
Can I will/transfer my life lease agreement to my spouse?
Can someone buy a unit and rent it to another party?
Do I get title to the property when I purchase a Life Lease?
Monthly Fees
If I choose not to use any of the services must I still pay for the service fees?
What type of services will I receive in return for my monthly fee?
Management and Administration
Do residents receive any information about the financial operation of the facility?
When will a potential purchaser be required to make a down payment?
Who is responsible for the day to day management of Luther Village on the Park?
Buy-Back
What is the Heritage/Equalization Fund?
What value can I expect from my life lease when I decide to sell it in the future?
The Sunshine Centre - Assisted Living
Will LVP residents have priority to move over to the Sunshine Centre?
Understanding the Agreements
Are there people to explain the various aspects of this development to me?
If I sign an agreement today, can I change my mind tomorrow?
