Exit Strategy

A Redemption fee is payable to your estate at the time the Life Membership interest is transferred to a new approved Member at 90% of the current market value (fewer repairs) at the time of the transfer of your Life Membership interest. Upon notification from the Life Membership Holder or their estate, the Unit or Suite will be repaired and placed into our Leasing pool until such time that the Life Membership interest is transferred to a new approved Member, upon agreeable terms to all parties. 

The estate will receive the net income from the Leasing Agreement until the completion of the transfer. to a new Life Estate member is completed