Questions you have asked . . .
About the Townhomes
Will the townhomes have crawl spaces?
Accessibility is an important theme in the design of Bayfield Mews and the standard units have a one floor open concept design without steps and stairs and a main floor laundry to ensure independent living for as long as possible. The townhomes are constructed on an insulated concrete slab and do not have a crawl space.
What type of heating and air-conditioning system is available?
The townhomes will be heated with in-floor hydronic water system. Air conditioning will be provided with a separate system.
What will the exterior of the townhomes be constructed of?
The exteriors of the townhomes will be brick. The roof will consist of 40 year laminate shingles with pre-finished aluminum fascia and soffits.
What sound barriers exist between the walls of the townhomes?
The walls will be constructed of a double wood studs wall with drywall and acoustical insulation to prevent noise from disturbing your neighbour. This construction exceeds Building Code standards.
Is the initial Reservation Fee held in escrow or a trust account by Bayfield Mews?
Yes, an interest bearing Trust Account has been established with Libro Credit Union. If the purchaser decides to not enter into a Life Lease Occupancy Agreement within the specified period set out in the Reservation Agreement, the deposit is returned without interest.
Does the New Home Warranty Program apply to Life Lease?
No. The New Home Warranty Program only applies to freehold homes and condominiums. Bayfield Mews will require that the selected contractor supply a 100%, 1 year warranty as well as warranties of up to 5 years on major components such as roofing, paving, services, etc.. In addition, the manufacturer’s warranties will be available on most building components.
If I am no longer able to occupy my unit am I assured of a buyer?
The Bayfield Mews will assist the occupants in any way possible to find a suitable purchaser for their life interest. Bayfield Mews has the first right of refusal to purchase your life interest, however, it does not guarantee a buyer nor is it obligated to purchase your unit back. Past experience with Life Lease projects indicates that a waiting list will develop once the project is constructed. Occupants wishing to sell may locate their own buyer or access names from this waiting list.
What percentage of the market price will I receive upon transfer of my lease?
You set the price for the resale of your unit. You receive 95% of the transfer price and Bayfield Mews receives 5%. This fee covers the costs to enter into a new lease with the new occupant and any potential repairs to the unit from normal wear and tear. The balance of the 5% is used by the corporation for on-going enhancements which help to increase the value of all the units. The new occupant of course must be 55 years of age or older.
Who is responsible for repairing heating/cooling systems, filters, fans, etc.?
Occupants are responsible for maintaining their heating/cooling systems. However, Bayfield Mews will arrange for contractors to inspect and service all units on your behalf on an annual basis to reduce costs. Replacement of any heating/cooling components is covered by the Replacement Reserve and will be performed by Bayfield Mews.
Who is responsible for repairs within the suites?
Bayfield Mews is responsible for the repair and maintenance of those components which are common to the building (i.e. exterior doors, windows, heating and cooling systems, roofs, etc.). Occupants are responsible for all repairs and maintenance of their unit of typical day to day items such as light bulb replacement, damage to walls and flooring, etc. A Replacement Reserve has been established within the Monthly Occupancy Charge to cover the replacement of the major common building components.
What is the approximate cost of unit alterations or additional features such as grab bars in the bath?
The contractor is asked to provide prices for all alterations from the standard unit. These prices are approved by you before they are ordered and installed. Many requests are the same and a list of these costs are compiled and are available to give you an idea of potential extra costs.
Who is responsible for repairs to appliances?
Appliances belong to you. Each resident is responsible for repairs and maintenance associated with their own appliances.
Who enforces the rules at Bayfield Mews?
We like to think that the rules are common sense guidelines that will lead to good neighbour relations and maintain the property values for everyone. It is the responsibility of the Board of Directors to enforce the rules.
Would relatives/close friends be allowed to stay in my unit for short periods during my absence? How long?
Yes, Bayfield Mews is your home and there are no restrictions to having guests visit or stay with you for short periods of time. However, for the security of all residents, guests are not permitted to stay in your unit during your absence without permission of the corporation.