A life lease is a form of rental housing which is usually aimed at tenants who are 55+. A life lease is a kind of written tenancy agreement. A life lease can be for the life of the tenant or for a specific term (e.g. 50 years). Under a life lease, a tenant pays an entrance fee for a rental unit. The tenant also pays rent each month to cover maintenance and other expenses.
The Residential Tenancies Branch administers The Life Leases Act. If you have any questions about life leases, you can contact the Branch at: email@example.com or by phone at 204-945-2476 or toll-free in Manitoba at 1-800-782-8403.
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