“Well, why are they locking fees for three years?” Hulett asked. Prospective residents and their adult children could very well negatively pre-judge a community’s quality based on the fact that they’re offering a gimmick.
Additionally, prospective residents could assume that, if they live in the community for more than three years, their rent will increase exponentially.
“If my rates are locked in for three years, what happens in year four?” Hulett said. “Will there be a 10% increase?”
Read the full article on Senior Housing News.