GLOSSARY OF TERMS

LIFE LEASE - a concept in real estate that offers a style of life where you will remain independent with the right to reside in your apartment for as long as you wish.

EQUITY CONTRIBUTION - monies which are paid to Fred Douglas Place. Inc. in the form of an Entrance Fee and Optional Additional Payments.

ENTRANCE FEE - the minimum amount of equity contribution paid by a Resident which entitles him or her to the benefits of a Life Lease.

OPTIONAL ADDITIONAL PAYMENTS - a further sum of money that may be contributed at the option of the Resident in order to reduce monthly payments.

MONTHLY PAYMENTS - monthly payment intended to offset the project operating costs and financing burden.




Fred Douglas Place contact information:
General Manager  phone:  204-982-0330 
email:  dwilson@freddouglasplace.com
Mailing address:  333 Vaughan Street, Winnipeg, MB  R3B 3J9

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