Resales

Selling Your Life Lease Interest

The life leaseholder may sell or transfer their life lease interest at any time to an approved purchaser. Townsend Meadows retains a 5% administrative fee of the proceeds of any sale or transfer which is dedicated to future improvements at Townsend Meadows. The unit life leaseholder contacts the Board of Directors to begin the sale process. The life leaseholder has the option to list the unit with a real estate representative.

Management of Resale Units

The Board will advertise the unit on this website under the “listings” tab. Both the seller and the purchaser are required to obtain legal representation. The Board will provide the appointed lawyers with the required Townsend Meadows documents for completion of the sale. The leaseholder, their Power of Attorney or Estate Trustee (and real estate agent, if applicable) will establish the sale price and negotiate with the purchaser to come to an agreement on the purchase price and the closing date. Upon final approval by the Board of Directors, the respective legal teams manage the completion of the selling process.

Units Available for Resale

Available units are described under Listings.