FAQs
A land lease home is a home ownership strategy that is in widespread use in the U.S., Europe and Australia and growing in Canada. You own your own home, while leasing the land on which it is located. Your lease is a 21-year lease issued by Parkbridge. It cannot be revoked as long as you own your home and pay the nominal monthly management fees.
You can sell your home whenever you wish. As The Bluffs grows in popularity, it should appreciate over time.
All Parkbridge homeowners pay a moderate monthly maintenance fee that covers use of the swimming pool, the events hall, billiards room, library and all recreation centre facilities.
Note that your property taxes will be lower with a land lease home than they would be with a standard freehold home.
Enjoyment of the Recreation Centre, the Fitness Centre, the Assembly Hall and all of the facilities at The Bluffs is covered in your monthly management fee. Facilities can be booked on a first-come-first-served basis. Forthcoming optional classes such as Aquafit, Yoga and Pilates will be available at a low supplementary cost.
Your house is your own! You are free to invite whomever you wish, provided that they are respectful of your neighbours and follow the few guidelines that apply to everyone.