Mountain Vista residents pay a Monthly Service Fee* based on apartment size, and whether the resident chooses to lease the apartment or to invest in a Membership.
Here’s how it works:
Depending on apartment size, if you choose to lease**, you pay the amount in the top Lease row of the table below.
Monthly Service Fee
Membership investment |
1AA (703sf) 1B (742sf) |
1C (783sf) 1A (789sf) |
2A (848sf) 2B (899sf) |
2BB (928sf) 2D (1049sf) |
2E (1200sf) 2F (1204sf) |
LEASE | $1,586 | $1700 | $1813 | $1926 | $2039 |
$10,000 | $1,493 | $1607 | $1720 | $1833 | $1946 |
$25,000 | $1353 | $1467 | $1580 | $1693 | $1806 |
$35,000 | $1259 | $1373 | $1486 | $1599 | $1712 |
$45,000 | $1166 | $1280 | $1393 | $1506 | $1619 |
$55,000 | $1070 | $1187 | $1300 | $1413 | $1526 |
$65,000 | $979 | $1093 | $1206 | $1319 | $1432 |
$75,000 | $886 | $1000 | $1113 | $1226 | $1340 |
$85,000 | $793 | $907 | $1020 | $1133 | $1246 |
$95,000 | $699 | $813 | $926 | $1039 | $1152 |
$105,000 | $606 | $720 | $833 | $946 | $1059 |
$115,000 | $513 | $627 | $740 | $853 | $966 |
Many retirement communities require an investment that is not returnable. However, we offer a 10 year reduced Monthly Service Fee (MSF) and reimbursement depreciation period on a prorated scale for Membership.
If a member leaves Mountain Vista for any reason***, Membership draws and reimbursement is as follows:
Within… | ||
Year 1: 90% | Year 5: 50% | Year 8: 20% |
Year 2: 80% | Year 6: 40% | Year 9: 10% |
Year 3: 70% | Year 7: 30% | Year 10: 0% |
Year 4: 60% |
Membership draws towards operating and reserve costs occur upon move-in and yearly thereafter on the move-in anniversary date. If departure occurs within the 10 year reimbursement period, after the first year the last draw is prorated based on the date of departure.
*The Monthly Service Fee includes your apartment, all Mountain Vista services, activities and amenities (link to services/amenities page). Due to their individual nature the following services are each resident’s responsibility: phone; internet; natural gas and electricity for central heat & A/C; personal property/liability insurance; meals ordered; salon services; and podiatry & therapy fees (Medicare/insurance). Sixty (60) days notice will be given if the Monthly Service Fees requires adjustment.
**Lease requires $2,000 Security Deposit, no prorating and 30 day notice upon departure.
***Move-out Expenses: The departing resident is responsible for “White Glove” cleaning, painting, damages and excessive wear costs required to restore the residence. These costs will be deducted from the Security Deposit or Membership Balance. The corporation will replace appliances, carpet, window coverings, etc., unless premature replacement is required due to damage, excessive wear, stains, pets and/or smoking. If costs exceed the Security Deposit or Membership balance, or the Membership has depreciated out, the resident will be responsible for these additional costs.