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Life Lease Residences
AFFORDABILITY
The corporation is governed by a Board of Directors comprised of representatives of the resident owners of the building and the community at large who represent the 55 plus adults and seniors of Stratford and Perth County. Romeo Court will operate on a not-for-profit basis and costs are budgeted at the lowest break- even point to minimize the Monthly Occupancy Fees paid by residents.
VALUE
Life Lease Retirement communities are popular because they are well maintained, have desirable amenities, and guarantee an adult only living environment. As a result, the suites maintain their value at or above comparable real estate investments. Residents get the monthly benefit of not-for-profit occupancy costs along with the added benefit of receiving the equity appreciations of their suite when they choose to transfer their life interest.
REDEMPTION VALUE
Romeo Court suites are appraised at the market value for comparable housing units. You establish the selling value. This redemption value remains with you at the time of transfer less an administration fee that is retained by the corporation. Your life interest can be transferred whenever you wish to a purchaser who meets the occupancy criteria, to your estate, or to another family member.
Retire in Style
A variety of floor plans that suits your needs
Delamere
985 sq ft
Fernwood
1210 sq ft
Greenwood
1295 sq ft
A life lease housing arrangement is a unique form of residential living primarily aimed at seniors and individuals seeking long-term accommodation without the responsibilities of homeownership. Under this arrangement, an individual purchases a life lease for a specific unit within a housing development, granting them the right to reside in that unit for the remainder of their life.
Overall, a life lease housing arrangement is a viable option for those looking for a secure living environment tailored to their needs, combining the benefits of private living with the support of a community.
What is a Life Lease?
Amenities
Billiard Table, Shuffle Board, Gym, Arts
Stay active with onsite gym, billiards table, shuffleboard, arts & crafts room, puzzle table and more.
Well- Appointed Library
Get cozy in our well-appointed library or borrow a book to take back to your suite.
Dinners and Social Events
With social events monthly, you can immerse yourself in the community quickly.
Schedule your appointment
To schedule an appointment to visit our property and discover the various floor plans and amenities available, please contact Kim at our office at your earliest convenience. She will be happy to assist you in finding a date and time that suits your schedule, ensuring you have the opportunity to experience firsthand the quality of living our apartments offer. Enjoy a guided tour where you can explore the spacious layouts, modern finishes, and community features that make our property an exceptional place to call home.