Life lease is a relatively new concept in some jurisdictions. Most people, including real estate brokers and lawyers, may not be familiar with the operations of a life lease, and some people have never heard about it. Since it is not common in many areas, there is a lack of legislation to protect consumers. However, the need for life lease communities has significantly increased due to the baby boomers. This is because most baby boomers can afford life lease style living and would buy them for their retirement. There are different life lease sponsors in the market. Although most of them are non-profit organizations, the prices, quality and services vary among them. I hope this book can help consumers select the right life lease community and provide the sponsors with some ideas to improve their business models.
