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When I purchase a life lease to live in the independent living area, am I buying the building and property?

April 26, 2017area building buying independent lease life live Living Property purchase

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When I purchase a life lease to live in the independent living area, am I buying the building and property?

1 Answer

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10 Posted

No. You are buying a life lease that allows you to live in the independent living area for as long as you can live independently. The only other requirement is that you be at least 60 years of age.