The occupancy right fee is a one-time payment due prior to occupancy.  It is non-interest bearing.  If residency is terminated within the first year for any reason other than death, the occupancy right fee is 90% refundable to the resident.  Each year thereafter, it decreases an additional ten percent (10%) of the original amount until it reaches zero.  Deductions will be made from any amount to be refunded for any balances due the Home.  In the event of the resident’s death at any time after arrival, the Home immediately earns any remaining balance and there is no refund.

 A resident whose permanent monthly income is low, may be required to pay an additional security deposit in addition to the occupancy right fee.  This deposit is interest bearing for the resident and is refundable to the resident or his estate upon the resident’s death or departure from the Home.  Deductions will be made from the refund for any expenses incurred or paid for the resident.  The amount of any security deposit required is determined strictly on an individual basis, taking all factors into consideration.