Questions & Answers
Ownership
Monthly Fees
Management and Administration
Nursing Home
Buy-Back
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?
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?
