Roblin Review in Roblin, Manitoba

Review of Life Lease project costs and tenant terms discussed

The group reviewed a budget just under 7.5 million for the Life Lease project noting economies of scale reduce costs with larger scale. Tenants would not benefit from suite value increases. benefits go to the board. Costs include maintenance in current rents. damage deposits apply to all tenants. The board may wait up to three months to decide if the project proceeds. Tenants have input on floor coverings and options, with a possibility for individual suites. The 7.5 million covers project management, and a Life Lease tenant association will follow legislation. Rent increases would align with the Residential Tenancies Act. a caretaker and tenant insurance are planned. A 12 month warranty is typical with longer structural coverage.