LAND LEASING QUESTIONS & ANSWERS
ARE LEASES COMMON?
Yes, Land leases are found in a variety of areas including Canada, Europe and the south western United States. Two of the better-known lease developments within Chilliwack, British Columbia include Englewood Village and Englewood Courtyard active adult retirement communities.
WHAT ARE THE BENEFITS OF LEASING?
Leasing enables the purchaser of a Canadian Retirement home the benefit of deferring land costs to a monthly payment. Without the full land cost added to a home purchase price our homes are significantly less in price than comparable freehold homes. Utilize the money saved in different areas in your investment portfolio.
CAN I GARNER FINANCING FROM FINANCIAL INSTITUTIONS FOR THE PURCHASE OF A HOME IN THE DEVELOPMENT?
Absolutely, a variety of financial institutions have expressed the desire to provide financing for homebuyers within the development. Please see the Canadian Retirement sales staff to receive information of those institutions that have created purchase and financing plans for each of our projects.
MAY I RECEIVE LEGAL ADVICE PRIOR TO PURCHASING A HOME WITH CANADIAN RETIREMENT?
Yes, your offer to purchase a home from Canadian Retirement will be subject to your lawyer reviewing and approving the purchase documentation. A selection of law firms are available and experienced in legal agreements and can offer you independent legal advice.