Refundable Advance Fee
The portion of an advance fee, designated in the residency agreement, that is to be returned to the resident or the resident’s estate either upon termination of the agreement or upon resale of the unit. (ASOP No. 3)
The portion of an advance fee, designated in the residency agreement, that is to be returned to the resident or the resident’s estate either upon termination of the agreement or upon resale of the unit. (ASOP No. 3)