Just a quick warning so that your parents don't waste money.
There is a very well known builder of retirement properties, McCarthy and Stone. Good properties in great locations for the elderly and the lease looks fine.
BUT
If you look at an Assisted Living property (cleaner for one hour/week and lunch available etc.) The management company (Peverel) has clauses that could leave an elderly relative booted out.
Think carefully.
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Elderly parents
Retirement living/Downsizing
15 replies
harbinger · 09/10/2013 22:34
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