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The Gainsborough is a Market Value Life Lease property. The owner of a Life Lease has the exclusive right to occupy the suite they select and to use the common facilities of a development for as long as they desire or are able. These owners purchase their lease, at market value, similar to purchasing a home or condominium. Once the owner takes possession of their suite, they would pay a monthly fee, similar to a condo fee, which represents the owner’s share of common costs including interior and exterior maintenance, management, insurance, etc. At The Gainsborough, every suite is individually metered for gas and hydro; therefore, each resident is responsible for paying their own utilities as well as property taxes.
If you are interested in more information about purchasing one of our suites, please call the administrator at 519-472-4787. |
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| Copyright 2002 The Gainsborough | |||||||||