traditional entrance fee plan
Cornwall Manor offers a variety of residential options including one- and two-bedroom apartments and single and duplex homes. Residents pay a one-time entrance fee to live in a residential apartment or home as long as they are living independently and have the assurance that higher levels of care are available when needed. One option for entrance fees Cornwall Manor offers is the Traditional Plan.
Cornwall Manor’s Traditional Entrance Fee plan allows for a lower capital outlay when someone moves to residential living. This full amount is reduced at a rate of 2% per month for fifty (50) months from the date of residency.
If a resident lives in their home or apartment longer than the 50 months, the entrance fee is fully amortized (reduced to zero). If a resident lives in their home or apartment less than the 50 months and transfers to a higher level of care at Cornwall Manor, the unamortized portion of the entrance fee would be a source available to pay the cost of the higher level of care.
In addition to the entrance fee there is a monthly service fee living in residential living. The monthly service fee includes a wide range of services and amenities such as utilities (except for telephone, cable and internet), water, sewer, garbage collection, snow removal, lawn maintenance, interior and exterior maintenance, property taxes, property insurance, security, transportation, fitness center, swimming pool and much more! Housekeeping is included in apartments only but is available to all house residents at a prevailing fee.
3/30/2023
