Residency Agreements

Comparing senior living contracts

We offer three contract options for incoming independent living residents.

The best choice for you depends on your financial situation.

  • The Traditional Refund Plan includes an abundance of amenities and services at a lower entrance fee. Plus, you may benefit from a significant upfront and an annual medical deduction on your tax return. Entrance fees range from $99,000 to $297,000 for singles, with Monthly Fees from $2,298 to $5,045. Entrance fees for couples range from $108,000 to $306,000, with Monthly Fees from $3,293 to $6,040.
  • The 90% Refund Plan provides a return of 90% of the entrance fee. Should a resident move to long-term care, a 10% discount is applied to the then current per diem rate. Entrance fees for singles range from $168,300 to $474,300 with Monthly Fees from $2,298 to $5,045. Entrance fees for couples range from $177,300 to $483,300 with Monthly Fees from $3,293 to $6,040.
  • The Annual Occupancy Plan (Rental) offers limited amenities and services. One time Occupancy Fee ranging from $3,375 to $5,625 with Monthly Fees for singles from $2,298 to $5,045 and couples from $3,293 to $6,040. Optional Community Fee from $20,000 to $50,000 which reduces Monthly Fees by $700.

To learn more about our premier senior living community options, please contact us at 908-566-3500 to speak with our experienced Director of Sales and Marketing.