Published 1 month ago

Beyond Local: New life-lease legislation 'toothless,' says Albertan awaiting pay back

Summary by Ground News

Alberta introduces new legislation to penalize life-lease operators who fail to repay the hundreds of thousands of dollars loaned to them by their tenants. Life-lease loan agreements provide cheap monthly payments in exchange for a large loan (typically more than $200,000) that can go toward a building's mortgage. The loans, also known as entrance fees, are meant to be paid back once a tenant moves or passes away.

0 Articles

All

Left

Center

Right

Airdrie City View

Beyond Local: New life-lease legislation 'toothless,' says Albertan awaiting pay back

Some seniors who moved from Christenson Group buildings in St. Albert have waited for years to have money returned

1 month ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.

Coverage Details

Total News Sources0

Leaning Left0Leaning Right0Center0Last Updated1 month agoBias Distribution

No sources with tracked biases.

Bias Distribution

There is no tracked Bias information for the sources covering this story.

Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Beyond Local: New life-lease legislation 'toothless,' says Albertan awaiting pay back

0 Articles

0 Articles

Beyond Local: New life-lease legislation 'toothless,' says Albertan awaiting pay back

Beyond Local: New life-lease legislation 'toothless,' says Albertan awaiting pay back

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics