Financial Options at The Towne House
Prior to becoming a resident of The Towne House, you will have the opportunity to select a residency agreement with the financial plan that best suits your situation and preferences. The following information is provided to assist you in better understanding the options available to you. The Towne House offers two major types of financial plans with their residency agreements: Continuing Care and Monthly Rental Plans.
Monthly Rental Plan
Residents who enter The Towne House with a rental residency agreement pay no entrance fee. All monthly rental plans include the following:
Benefits of the Monthly Rental Plan include:
Continuing Care Plan (Life Plan)
Residents who enter The Towne House under a continuing care residency agreement pay an initial (one time only) entrance fee and a monthly service fee throughout their residency.
All Continuing Care agreements provide the following:
The terms and benefits of the various continuing care residency agreements are the same with the exception of the fees charged and the refund policies. The monthly service fee is the same for both the Declining Refund and Return of Capital plans.
Declining Refund Option
With this option, should you move permanently from The Towne House, the potential refund is based on 90% of the entrance fee and declines each month of residency until it is fully exhausted at the end of 48 months, as per the terms of the residency agreement.
Return of Capital Option
Under this option, if you should move permanently from The Towne House at any time, up to 80% of the entrance fee would be refunded to you or your estate as per the terms of the residency agreement.
Do I Pre-Qualify?
Interested in learning more about which financial plan is right for you? Contact us today to explore your options and find out if you pre-qualify for residency at The Towne House.
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Discover the unique charm of The Towne House for yourself. Whether you’re exploring living options, curious about our amenities, or looking for more information, we invite you to schedule a personal tour or request pricing and availability.
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PAULINE FLYNN
Resident