Life Lease

All about sharing common interests and values

Life Lease Explained

Purchasers of a Meadows of Aurora independent living suite secure the exclusive right to live in their suites for as long as they wish. The life lease model allows The Meadows, as a non-profit sponsor, to establish and maintain a 65+ community of people who share the same interests and values. Life lease owners participate in maintaining our property and amenities through a condo-like monthly occupancy fee.

Independant Senior Living Aurora

Purchasing & Selling a Life Lease

Buyback Model

The buyback model allows owners to sell their life lease interest back to The Meadows and receive the original purchase price less a 6% transfer and refurbishing fee.

Market Option

The market model allows purchasers to sell their life lease interest to a Meadows-approved buyer at current competitive prices and receive 90% of the proceeds.

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