Residents may register the lease against title . However the lease will be subordinate to other encumbrances that may exist. A mortgage will be held to help residents finance a lower down payment - if they so choose. Should an initial resident wish to vacate, the resident may give notice after the completion of one full year of the term. The Corporation will keep a waiting list to assist in a speedy sale of the lease.
Market forces determine the price of the lease.
The resident leaving may offer the suite to the waiting list at the price the resident chooses. If this fails, the Corporation will advertise the suite publicly until it is sold. This deduction is for the purpose of funding capital projects, marketing costs, and administration of the transfer.