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FAQs
What is the ownership structure and do I own my own unit?
Since The Towers is a co-op, every resident is a shareholder – each with an equity interest
in their investment which keeps their home a vital part of their estate.
The “One Towers Park Lane Cooperative Company” enjoys sound financial reserves and will
continue to prosper thanks to the professional management, active resident Board of Directors,
and the many, resident-driven committees. The Board ensures that every co-op member has a voice
in the operation and management of The Towers, and the committees serve to represent the resident needs.
Can I afford to live at The Towers?
Financial freedom is a major objective during retirement. The Towers offers a variety of
affordable residences.
Do I have to pay for upkeep?
Now is the time to move before the maintenance and housekeeping of your present home become a
source of frustration. If your housing needs have changed over the past ten to fifteen years,
and the house you currently own is more than you need, The Towers is perfect for you. Weekly
housekeeping is included in your maintenance fee. For a nominal charge, maintenance work,
such as painting, plumbing and electrical is available from on-site professional staff.
Explore the possibilities of a lifestyle free from maintenance headaches and housekeeping;
you’ve certainly earned the privilege!
Will my family support my choice?
Your family is very important to you, and you are very important to them. Knowing you have
chosen a safe, comfortable, financially-secure community helps family members feel more
comfortable with your move. This important decision protects your independence, and allows
you to maintain control of your personal affairs, while keeping the pride of home ownership.
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Can I have a car?
Of course. You’ll have a reserved underground parking space and the valet service at
The Towers will make sure your car is ready to go or locked down for the night.
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