Units are leased at market value, and according to the agreement, the Ukrainian Orthodox Senior Citizens' Society will buy back the unit at appraised value minus redemption and reclamation costs, when the lease is terminated.
Life Lease at Ilarion Residence is large condo like suites where you purchase the lease and get all the benefits of living in a seniors complex. Any issues with the complex or appliances are taken care of by the full time maintenance staff. You never have to worry about a leaking faucet or shoveling the walk ways. Underground parking is available for most units.
Must be 55+ to apply.