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Copley Woodlands has opportunities
for ownership and leasing. It is a retirement community that presents
sound financial options, very high quality services, ease of access and
spacious
accomodation. To better inform, please read through our "Frequently
Asked Questions about Copley Woodlands, " below. (For Current
Fee Schedule please Click
Here)
Why
is Copley Woodlands a "retirement community that's also an investment?"
You
can own your own home. Instead of paying an entry fee that's gone forever,
you purchase a spacious condominium that you or your heirs can sell at
anytime.
When
I buy my new home at Copley Woodlands, just what will I own?
You
will own your entire home from the outside of the interior finished wall
and from the plywood subfloor to the exterior of the finished ceiling.
You will own all the appliances, electrical and plumbing fixtures - but
not the delivery system (complex piping and wiring.)
What
about common spaces?
Copley
Woodlands owns the common
spaces and provides custodial and maintenance services to keep those
areas clean and comfortable.
What
if I have to move to a nursing home, or for other reasons, decide to leave
Copley Woodlands?
You
own your own home - so you can sell your home. Copley Woodlands expects
to have a waiting list of qualified buyers to help expedite your sale.
Copley Woodlands will charge a transfer fee. (If ownership is in place,
there is also an unoccupied space fee.)
Can
I leave my home at Copley Woodlands to my heirs?
Of
course! Like any real property, you may include your Copley Woodlands home
in your will. Should your heirs be qualified and interested in taking up
residence, they will be able to do so simply by arranging for the transfer.
If not, they are welcome to sell with the same provisions that you, yourself,
have for resale.
Can
I rent my home or can my heirs rent my home when I leave it to them?
Yes,
in both situations, as long as the tenants qualify under Copley Woodlands
Residency criteria and they rent for a period of at least one (1) year.
Who
pays the property taxes if I lease a unit from Copley Woodlands?
It
is the responsibility of the owner to pay the taxes to the Town of Stowe.
If you lease a unit from Copley Woodlands, we, as the owner, will
pay those taxes .
Who
is responsible for this retirement community?
Copley
Woodlands is a non-profit entity that is a partnership of Copley Health
Systems, Fletcher Allen Health Care and residents. The board of director
consists of two members from Fletcher Allen, two from Copley and two elected
residents.
Copley
Woodlands • 125 Thomas Lane • Stowe, Vermont 05672 • (802) 253-7200 • email
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