Sophia and Gerald have decided to move out of their current home and,as such,the entry fee has been returned to them.What type of housing allows for an entry fee to be returned to the occupants when they leave?

Question

Quizplus · Accepted Answer

Life lease housing involves occupants purchasing the right to occupy a unit for a predetermined period of time. When they leave, their entry fee is returned to them, minus any expenses or fees. This is different from other types of retirement communities where occupants may have to pay a "buy-in" fee that is not refundable.

Sophia and Gerald Have Decided to Move Out of Their