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Occupancy Right Fee
An Occupancy Right Fee (ORF) is charged to new residents of Presbyterian Village at North Church. This one-time fee is paid upon agreement to become a resident of The Village.
The ORF is a lifetime agreement fee prorated over 8 1/3 years (100 months); the amount of the ORF is determined by the size of the apartment chosen. The fee is refunded, also on a prorated basis, if the apartment is vacated before the specified time period has elapsed. |
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