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An examination of life lease housing issues : final report

Author: Luis Rodriguez; Canada Mortgage and Housing Corporation.; GGA Management Consultants.
Publisher: [Ottawa, Ont.] : Canada Mortgage and Housing Corp., 2007
Series: Research report (Canada Mortgage and Housing Corporation)
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Summary:
A life lease is a legal agreement that permits purchasers to occupy a home for life (or until they are no longer capable of living there) in exchange for an initial lump sum payment and subsequent monthly payments. Because this is a new form of tenure there exist consumer protection issues related to life lease housing. This research involved 15 case study site visits to life lease developments in provinces from  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Luis Rodriguez; Canada Mortgage and Housing Corporation.; GGA Management Consultants.
OCLC Number: 246921558
Language Note: Summary in English and French.
Notes: "Project Manager: Luis Rodriguez."
"March 2007."
Description: 1 online resource (ii, 73 pages).
Series Title: Research report (Canada Mortgage and Housing Corporation)
Responsibility: prepared by GGA Management Consultants for Canada Mortgage and Housing Corporation.
More information:

Abstract:

A life lease is a legal agreement that permits purchasers to occupy a home for life (or until they are no longer capable of living there) in exchange for an initial lump sum payment and subsequent monthly payments. Because this is a new form of tenure there exist consumer protection issues related to life lease housing. This research involved 15 case study site visits to life lease developments in provinces from British Columbia to Ontario. The researchers interviewed sponsors of the developments and held focus group sessions with residents in each residence. Interviews were also conducted with others knowledgeable about various aspects of life lease development. Based on this information, a number of recommendations are put forward regarding methods to improve consumer protection for residents and sponsors.

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Primary Entity

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