As with any leasehold property, Owners must pay ground rent and a monthly service charge, which includes all exterior maintenance, redecoration and upkeep of communal areas (hallways, lifts, stairs, paths, driveways etc).
The monthly retirement home cost includes many things you would have to pay for anyway: heating in your own apartment (on selected developments), water and sewerage charges, buildings insurance and extras like window cleaning and garden maintenance.
It also includes many of the things you would expect to pay extra for: the services of the Lodge Manager, 24 hour Careline Monitoring, the furnishing, heating and cleaning of the Owners' Lounge and more are all included in the retirement home cost per month.
Unlike other developers, Churchill Retirement Living does not charge a transfer or exit fee if you sell or sublet your property. On resale 1% of the gross sale price or 1% of the open market value if subletting is payable by way of contribution to the Contingency Fund, which is held on behalf of Owners towards longer term repair and replacement cost.
At any Churchill Retirement Living development, our Sales Executive will be happy to explain the specific charges for that development and answer any questions you may have. In terms of Churchill retirement home prices, you can visit our Retirement Apartments For Sale page to browse through our different homes and communities.