Westminster Village encourages Independent Living Residents to choose the financial option that best suits their needs. Residents can select from a traditional monthly rental contract or from two Life Occupancy Plan contracts.
Independent Living Rental Contract: Allows residents to pay a monthly rental fee. No long-term contract is required.
Traditional Life Occupancy Plan: Allows residents to pay a one-time life occupancy fee along with a monthly service fee. (Eligibility is dependent upon financial qualification and compliance with requirements of residency). After three years of residency with the Traditional Life Occupancy Plan, there is no % return on the initial life occupancy fee.
Return on Equity Life Occupancy Plan: Provides residents with the same monthly service fee benefits as the Traditional Life Occupancy Plan, but also allows for a refund of up to 75% of the initial life occupancy fee upon leaving Westminster Village.
Independent Living Pricing