Purchase Cost and Monthly Rates

ACQUISITION COSTS OF LIFE LEASE SUITES (PRE-TAX ESTIMATE)

**THE FOLLOWING EXAMPLES ARE BASED ON NUMBERS AND VALUES SET IN 2015. FOR CURRENT VALUES PLEASE CONTACT THE OFFICE**

MONTHLY RENTAL COSTS BASED ON ENTRANCE FEE (ESTIMATED)

Using an example of a suite that is 1,078 square feet in size
  • Estimated price of the suite is $275,000
  • 25 year term at 4.00% interest
  • 25% entrance fee of $68,750
    Monthly rental cost is approximately $1,089
  • 50% entrance fee of $137,500
    Monthly rental cost is approximately $726
  • 75% entrance fee of $202,500
    Monthly rental cost is approximately $363
  • 100% entrance fee of $270,000
  • Monthly rental cost is approximately $0.00

MONTHLY COMMON FEES BASED ON SUITE SIZE OF 1,078 SQUARE FEET

  • Includes hydro, water, property tax, maintenance.
  • Common area fees are approximately $5.25 per square foot (yearly)
  • 1,078 X 5.25 = $5,660 per year or approximately $472 per month

MONTHLY FEES (RENTAL AND COMMON) BASED ON SUITE SIZE OF 1,078 AND WITH A 50% ENTRANCE FEE

  • Monthly Rental Fee is $726
  • Monthly Common Fee is $472
  • Total Monthly Fee (rental and common) is $1,198 per month
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