Life Lease information / faq
Life Lease Offered by Amenida
lump-sum lease offered by amenida
What is a Life Lease? / About Our Life Lease / Jeonse:
Life lease is a concept where the tenant pays an amount as a deposit to cover their monthly rent for a stipulated amount of time. After the deposit, the tenant only has to cover minor monthly payments that include management fees, maintenance, and other operating expenses.
At Amenida, we strive to offer the best of both worlds – the flexibility of renting and the security of your investment. With this flexible option, our residents can enjoy the benefits of up to 6% annual return on investment while paying minimal monthly rent. Amenida also offers freedom from the hidden costs of traditional ownership: we do not charge any property tax, realtor fees, or strata fees.
Our life lease arrangements are available for a 5-year term. However the resident can cancel at anytime by providing 3 months notice.
Prime Features:
- No Rent Increase
- No Property Tax, Realtor Fees, or Strata Fees
- 3 Attractive Packages to Choose From
- Community Living
- Full Spectrum of Service and Care
Frequently Asked Questions
Frequently asked questions
When you enter a life lease agreement, a deposit is made up-front so you can enjoy lower monthly rental rates. At Amenida, we have an array of suites and packages for our residents to choose from. You can invest in the package that matches your budget.
The life lease agreements at Amenida Seniors Community last for five years. Our residents can cancel at any time or extend their lump-sum lease plans, if necessary.1
The initial fee you pay as an investor and resident will vary according to the package you opt for. The packages are designed to meet the needs of most residents. Please contact Rosa Park, General Manager at Amenida, for further details.
Our comfortable, home-like residences are wheelchair accessible and feature traditional designs with beautiful garden views and secure patios. Our priority is the comfort, safety, and well-being of our residents, so each pet-friendly private suite features an in-suite bathroom (with or without shower options available), a heat and smoke detector, and a 24-hour staff-monitored emergency response system. Click here to find out about other on-site services available at Amenida.
Amenida offers flexible termination options even after residents sign a fixed-term contract. Residents can still receive their life lease deposit (92%) back with 3 months’ notice when they terminate the contract before 5 years.
Your monthly rates are based on the package that you opt for. Once a resident locks in a package offering, they pay the same rent rate each month.2
The experience of entering a life lease agreement with Amenida is akin to owning the unit, but for a fixed term of five years.
Here are some of the stand-out features that a resident enjoys as a part of Amenida’s life lease housing:
- No Rent Increase
- No Capital Depreciation
- No Strata Fees
- No Realtor Fees
- No Property Taxes
- Savings of up to $900 monthly, with accumulated savings up to $54,000 over five years!
- Money back guarantee3
Life lease payment options are beneficial for seniors who:
- Plan to sell their existing property or wish to downsize
- Seek senior housing for the long term
- Have financial stability
- Seek affordable community housing that gives them a sense of ownership