O'Connor Woods: Lifestyle

O’Connor Woods Lifestyle

Life Plan VS. Rental


Choose the Payment Option That Works Best for YOU

Residents enjoy a world of possibilities at O’Connor Woods, with the assurance that their unique needs will be taken care of throughout their journey of life.

We understand that there is no one-size-fits-all approach when it comes to finding a new home, and for this reason, O’Connor Woods offers different payment options to choose from. Our Continuing Care Retirement Community (CCRC), or Life Plan Community, conveniently offers choices between rental and membership options, allowing prospects the freedom to choose the payment option that best fits their unique needs.

Rental Options

Residents can choose a month-to-month residency option and forego paying an entrance fee. With this option, residents pay the full rental fee of their unit, as well as the full associated costs of increased levels of care, if they are needed.

Membership Options

Residents that choose a membership option pay an entrance fee upfront. This entrance fee allows them to reduce their monthly rental rate by 25%, and save 10% on higher levels of care should the need arise.

Types of Entrance Fee Contracts

There are two different entrance fee contracts available to choose from:

  • A Traditional 3-Year Amortized Agreement requires less money down and is amortized over the course of 36 months. Residents who move out within the first three years receive any remaining amount upon leaving. After three years, no funds will be returned but residents continue receiving 25% off monthly fees and a reduced rate for higher levels of care.
  • A 90% Repayable Agreement requires a dollar amount put down based on the specific unit chosen. Upon leaving the community, the resident receives 90% of the amount paid.

To learn more about the benefits of a Membership options click the link below:

Membership Options

To learn more about the options above or to schedule a personalized tour, click the button below:

Schedule A Tour

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