Prospective Buyers ask great questions to understand the benefits of a move. Below are answers to the most frequently asked questions. Have a more specific question? Please contact a Jensen Sales Representative by phone or e-mail.
The land lease arrangement allows you to own your own single-family home for true privacy and independence while keeping the funds normally spent on the land purchase available for other purposes. In addition, you have the assurance that community standards will be carefully maintained, you can enjoy the community social and recreational amenities, and you will live in a beautiful country setting only minutes from shopping and medical service and area attractions.
Creating and managing Land-Lease Communities is our only business, and our history has been to maintain ownership as a long-term investment – not buying and selling properties. Our three generations of family leadership and over 80 years of history demonstrate this clearly.
Owning your home has proven benefits and the land lease enables you to enjoy a superior lifestyle and buy a higher quality home at a lower cost. Jensen does the heavy lifting like tree work, shrub trimming and utility maintenance. You can therefore have the independence of single family home ownership but without the aggravation of owning your own land. Your investment is also far lower because you’re not purchasing the land.
Although this varies somewhat by the particular amenities and services available in each community, the fee generally covers leasing the home site, use of recreational facilities, rubbish collection, tree and shrub trimming, street lighting, land taxes, repair and maintenance of underground utilities, and maintenance of all common areas including roadways. Also included in some locations are security, water and/or sewer.
Yes, the monthly fee increases annually. We keep increases limited to the amount necessary to maintain high community standards and services that our residents demand.
Increases are based on: the Consumer Price Index (CPI), controllable costs such as maintenance and payroll, and hard-to-control costs such as utility charges, land taxes, rubbish costs and insurance expenses.
No, there is neither an upper nor lower cap on fee changes. However, our company history has been to limit increases to only the amount necessary to cover cost increases and maintain a reasonable profit margin.
Yes, we have no restrictions on guests other than they are required to abide by the same rules as our residents. Many grandparents say “We love to see our grandchildren come and love to see them go home as well.” A benefit of our “55 and over” locations.
Yes, residents move to a Jensen Community because of our community standards and the stability good rules create within the community environment. These standards were written based on our experience managing 31 communities, and input from past and present residents. It’s our obligation to you to ensure that they are enforced.
We are a pet friendly community and allow a single small dog or cat per home.
Residents can sell their homes by listing with JENSEN communities®, through an agent, or independently. In the case of an estate, the inheritor(s) may move into the home provided they meet all the applicable entry requirements or may sell the home to another qualified party.