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Suite 112, 204 Haddow Close NW, Edmonton, AB T6R 3B3, Canada


What is Life Lease?

Life lease communities are among the latest ownership options in retirement homes for seniors. Life lease retirement homes offer mature adults - who are neither tenants nor owners – a stake in a community designed as a rewarding, supportive and affordable place to live.

Residents buy a life lease or leasehold interest in their accommodations, giving them a right to occupy the unit and use all the communal amenities, such as dining rooms, games rooms and lounges.  Residents also pay a small monthly occupancy fee depending on the size of the unit.

When residents leave a Lions Village unit, they are refunded the original amount of their deposit subject to the terms of their lease.