Who can live in a Life Lease project?
The actual age criteria may differ slightly from project to project with most projects falling into the 60 years of age and older category. Georgian Village has also established its age requirement at 60 years of age or older. In cases where one spouse or co-owner is not yet of age, the spouse of the co-owner is able to reside in the suite. However, he or she can only appear on the Occupancy Agreement as a “Purchaser” until attaining the age of 60 years. This occupancy restriction is intended to maintain a harmonious environment for mature adults and create a stronger, more supportive community. Children may purchase suites for their parents, or even invest in a suite for their future, however, they may not occupy it until they reach the prescribed age.
