Living at Lilac Villa is normally within the financial reach of most people who own a home or have savings and an average retirement income. Prices vary with the residential accommodation, the number of people involved, and the services received.

VILLA SIZE	ENTRANCE FEE (to be determined)	SECOND PERSON FEE (to be determined)	MONTHLY FEE (Estimate only)
Efficiency	N/A	N/A	One person: $750
One-bedroom	N/A	N/A	One person: $950 2nd person: $350
Two-bedroom	N/A	N/A	One person: $1050 2nd person: $375

All rates shown above are only estimated and are yet to be determined. They must be decided and approved by action of the Board of Directors and the Management Advisory Committee. Once this is done, and for the future plans of Lilac Villa, the residents will be given 30 days advance notice of any increase in rates.

There are two fees which residents of Lilac Villa must pay. One of these is an entrance fee, sometimes called an accommodation fee or founder’s fee. This is a one time fee which covers the resident’s use of the villa of his/her choice while a resident of the Villa, and which is payable at the time the building is occupied.

The second fee is the monthly service fee. It is billed to each resident in advance of every month and is payable on or before the 15th. It includes the basic charge for the new month. Any special charges are detailed on the monthly bill.

A pro-rated refund of the entrance fee is normally made if a resident withdraws from the Villa within fifty (50) months of taking up residency.

In addition, there is an early death benefit to your estate amortized at 4% per month over 25 months. In the event of the death of one resident, where there is a surviving resident, there is a refund of the Second Person Entrance Fee amortized at 4% per month over 25 months.

We also offer the flexibility of other residency agreement options. Sample agreements with full details are available for review.

One-bedroom and two-bedroom villas are designed for single or double occupancy. Efficiency villas are limited to occupancy by one person.

Realizing that liquidating assets may require time, Lilac Villa is open to reasonable requests to vary the schedule of payments. If there are delays in payments, the applicant will be charged the rate of interest then paid by Lilac Villa.