Entrance fee definition

Entrance fee means money paid in a lump sum or installments or property transferred pursuant to a continuing care agreement before initiation of continuing care for 1 or more individuals and that confers the right to the continuing care.

Entrance fee means a payment that assures a resident a place in a facility.

Entrance fee means a once off fee payable to obtain membership of the co-operative, and is paid on application for membership;

Examples of Entrance fee in a sentence

• Entrance fee will only be refunded in the case of a withdrawal prior to the closing date.

• Entrance fee" means an initial payment of a sum of money or any other consideration that assures a subscriber a place in a facility for a term of years or for life.

• At the time of receipt by Southminster of the admission documents described above, the Resident and Southminster will enter into a Residence and Services Agreement, and the Resident will be required to pay a reservation deposit equal to ten percent (10%) of the Entrance fee for the Residence selected and refund plan type selected.

• Entrance fee / Belépési díj In case a Member wishes to switch from Flexible to Classic Tariff Package within one calendar year of its admission, the difference between the Entrance fees, in proportion to the remaining calendar quarters of the year, will be charged for the Member.

• Entrance fee: a fee that will be requested from new partners when joining the Partnership.

More Definitions of Entrance fee

Entrance fee means any fee or charge, including a damage deposit, paid by a person to a residential nonprofit corporation in order to become a resident member. "Entrance fee" does not include regular periodic payments for the purchase or lease of residential real estate or for the day-to-day use of facilities or services.

Entrance fee means the sum of any initial, amortized, or

Entrance fee means the sum of any initial, amortized, or deferred transfer of consideration made or promised to be made by, or on behalf of, a person entering into a continuing care contract for the purpose of ensuring care or related services pursuant to that continuing care contract or as full or partial payment for the promise to provide care for the term of the continuing care contract. Entrance fee includes the purchase price of a condominium, cooperative, or other interest sold in connection with a promise of continuing care. An initial, amortized, or deferred transfer of consideration that is greater in value than 12 times the monthly care fee shall be presumed to be an entrance fee.

Entrance fee means an initial or deferred transfer to a provider of a sum of money or other property made or promised to be made as full or partial consideration for acceptance of a specified individual in a facility if the amount exceeds either of the following:

Entrance fee means an initial or deferred transfer to a

Entrance fee means an initial or deferred transfer to a continuing care retirement community of a sum of money or other property made or promised to be made as full or partial consideration for acceptance of one or more residents in a continuing care retirement community. "Entrance fee" does not include deposits of ten thousand dollars or less or any amount that is based on rental or lease payments of one month or more.

Entrance fee means an initial or deferred payment