The Road To Residency
Residency Requirements 1. Future Residency Application. Individuals interested in Independent Living at Williamsburg Landing but who are unsure of when they might want to become a resident are invited to sign the Future Residency Application. This provides you with a priority number, based upon the date you sign up. You are asked to identify up to three specific residential models that you prefer and the year you anticipate moving to Williamsburg Landing. (Note: The Future Residency Application does not “lock in” the Entrance Fee.) 2. Future Residency List Fee. You are asked to make a refundable deposit of $1,000 payable to Williamsburg Landing, Inc. A completed Future Residency Application and payment of the Future Residency List Fee places you on the “Future Residency List.” 3. Future Residents Benefits. Future Residents will receive monthly issues of the Tatler newsletter, periodic updates of happenings at Williamsburg Landing, invitations to special events and are eligible to join (separate fee) the Health Club & Spa. 4. Ready Status List. Admission to Williamsburg Landing is considered from a separate “Ready Status List” comprised of individuals approaching the time when they wish to become residents. A refundable deposit of $10,000 toward the Entrance Fee places a depositor on the “Ready Status List” in the date priority based on when the Ready Status Fee is paid. (Note: The Ready Status deposit does not “lock in” the Entrance fee.) 5. Disclosure Statement. Upon receipt of a $10,000 deposit towards the Entrance Fee and placement on the Ready Status List you will receive a copy of Williamsburg Landing’s Disclosure Statement. This statement fully describes the organization, tax status, services provided, fees, policies, Residency Agreement and other important information about Williamsburg Landing. 6. Availability of Residence. When a residence of your choice is projected to become available you will be contacted by the Marketing Office. You have the right of refusal three times after which your name will move to the bottom of the “Ready Status List.” 7. Active Admission Process. Upon accepting a residence you will pay a separate $1,000 per person, non-refundable “Admission Processing Fee” then complete the following financial and medical forms that are sent to the Business Office and Medical Clinic:
8. Medical Review. Upon receipt of all completed financial and medical application forms, and any required test results, the Marketing Office will schedule a personal appointment with our Medical Director. 9. Admissions Application Review. Once all applications have been reviewed, the medical appointment completed and a financial review conducted, you will be notified whether or not you have been accepted for residency at Williamsburg Landing. Any approval for admission will be subject to re-evaluation based upon material and adverse changes to a depositor’s financial and/or medical condition before the Residency Agreement Date. If your admission is not approved, you will be notified and receive a full refund of all deposits made toward the Entrance Fee within 30 days. (Note: the “Admission Processing fee” is non- refundable.) If approved for admission a “Residency Agreement Date” will be established to complete all necessary documents. 10. Residency Agreement Date. You will have approximately 60 days from accepting a residence to occupy and/or assume financial responsibility for your residence. On the Residency Agreement Date you will sign a “Residency Agreement”, pay the final balance of the Entrance Fee, Second Person Fee (if applicable) and the first Monthly Service Fee. |
Once you have decided that Williamsburg Landing offers the lifestyle, security, services and amenities that you envision for your retirement, the rest is easy. Our goal is to provide the information and support necessary to make your move to Williamsburg Landing a satisfying experience.
