Questions & Answers
What is the advantage of life lease ownership?
The life lease arrangement ensures that Luther Village on the Park is restricted to seniors (ages 55+). It also provides the resident(s) with some capital preservation while guaranteeing the buy back by Luther Village if/when the resident(s) wishes to sell. Life Lease also provides for a Board of Governors to oversee operations in the best interest of both the residents and Luther Village on the Park.