Life Lease Purchase
Our unique Ranch and the Stratford Homes offer a unique “Life Lease” purchase that essentially functions as both a traditional real estate transaction and rental lease agreement. The difference is that our residents pay minimal property tax obligations.
Upon the termination of the agreement, the “Life Lease” provides a guaranteed 90% buy-back provision of the original base price returned back to the buyer and/or the next of kin.
A one-time lease payment provides our residents with a long-term right of occupancy that guarantees the lessee a home for as long as they choose to live at Westshire Village. This provides the lessee’s rights and obligations without the hassles associated with entering into a conventional real estate purchase.
Monthly Basic Service Agreement
The Monthly Basic Service Fee Agreement is similar to a condominium association fee that may be adjusted annually based on the actual costs of providing services. The agreement has a component that pays the township for police, fire, and emergency services.
The monthly fee includes both interior and exterior maintenance of your home. Services include:
Exterior
- Lawn Care and Landscaping
- Bush and Tree Trimming
- Snow Removal of Sidewalks, Driveways and Roadways
Interior
- Plumbing
- Electrical
- Mechanical
- Appliance Repair and Replacement
Our all inclusive maintenance free home plan – including a 24/7 emergency repair service- coordinated by our professional, on site management. It’s all designed to make your life as worry-free as possible!
