Housing Market Information Portal
An Examination of Life Lease Housing Issues
A life lease is a legal agreement that permits purchasers to occupy a home for life in exchange for an initial lump sum payment and subsequent monthly payments to cover the ongoing project management fees and maintenance and operating expenses. Because this is a new form of tenure, there exist consumer protection issues related to life lease housing. The purpose of this study is to provide target audiences, including prospective residents, sponsors, development consultants, lenders, researchers and provincial, territorial and municipal governments, with the information they need to better understand and respond to a number of issues related to life lease housing.
Un examen des questions liées au logement en location viagère
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