At Calvary retirement communities, exit fees most commonly refer to the Deferred Management Fee (DMF). A contract that includes a DMF allows the management fee to be deferred until after you leave the community.
This can make purchasing a retirement home more affordable upfront, with part of the cost of village living paid at a later time. The amount of the Deferred Management Fee (or exit fee) depends on several factors, including the price of the home, the length of time you live in the community, and whether your contract includes sharing in any capital gains.
Calvary offers a range of contract options, which may vary by location and can include alternatives to traditional DMF arrangements. To learn more about the contracts available at a specific Calvary retirement community, please contact the Sales Manager at your community of interest.
