We offer provide affordable, self-contained and fair-market priced residences where they can live independently in an apartment style setting.
One of the options we offer is a ‘life lease’, which is a ‘home-ownership’ arrangement similar to condominium ownership. Life lease offers the added advantage of guarantee buy back. If at any time a decision is made to end the life lease agreement, we guarantee to buy back the suite at the current assessed value, less eight per cent of the market value, so no real estate or legal fees are incurred.
A reasonable monthly fee is charged similar to a condominium fee that covers the day-to-day operations of the building, including maintenance in common areas, on-site management, a membership to the community lake and park and most utilities with 24-hour on-call service for emergencies.
Bethany believes in providing holistic support for our independent residents and making onsite pastoral care available.