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Bethany Group

Life Lease Apartments

Lakeside and Hillside Villages provide spacious condominium-styled life-leased apartments for adults over 55.  They enjoy a close proximity to Mirror Lake and close access to park and pathways surrounding the lake in downtown Camrose.  They are located within easy reach of churches, stores, medical clinic, and the Seniors Centre.

What is Life Lease?
The apartments in both Lakeside and Hillside Villages are available through occupancy agreements (a form of lease.) You pay an entry fee and these fees will be refunded less a fee for building depreciation, when residents terminate their agreements. These units are not sold as condominium units. With our latest life lease project, Brookside, the entry fee will be refunded 100% 

Fees
Monthly fees are paid by residents to cover property taxes and operating costs such as maintenance, utilities, yard care, snow removal, janitorial services, and expenses associated with management.  These are based on the size of the unit. 

The Bethany Group operates the following Life Lease Apartments:

 

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