Frequently Asked questions

What is Imagine Living?

Imagine Living offers a unique and innovative program, presenting a groundbreaking solution for senior homeowners in need of their home equity. By purchasing homes from asset-rich but cash-constrained members, we empower them to access 100% of their home equity immediately while staying in their beloved homes as tenants.

How does Imagine Living's program work?

Our program is designed to be straightforward and transparent. When you apply and qualify for Imagine Living, we'll assess your home's fair market value through three independent accredited appraisal firms and offer you the full equity amount. After purchasing your home, we'll rent it back to you, allowing you to enjoy stress-free living and exclusive Member Benefits.

What are the benefits of joining Imagine Living?

As an Imagine Living Member, you'll enjoy a range of exclusive benefits, such as lawn and garden care, regular house cleaning, home organizing, and 24/7 property management. We also have exciting plans to introduce community events like dances and cruises, as well as access to in-home nursing care in the near future. We're committed to providing you with the best living experience possible.

How do I qualify for Imagine Living's program?

To qualify for Imagine Living, you need to be a senior homeowner with substantial home equity, a strong desire to remain in your home, and the realization that accessing your home equity would have a significant impact on your life. Our dedicated team will carefully assess your application and financial situation to ensure you meet our eligibility criteria. We're here to make the dreams you’ve imagined into a reality.

What is the annual gross rent Imagine Living Members pay?

Imagine Living Members pay an annual gross rent of 5% of the initial purchase price of your home. As an Imagine Living Member, you gain access to exclusive Member Benefits and top-notch property management services. This transparent and straightforward fee structure ensures that you can enjoy the perks of Imagine Living without any hidden costs or surprises. Your peace of mind is our priority.

How long are the rental contracts?

Imagine Living offers rental contracts that provide our Members with flexibility and choice. Contracts can span from 1 to 10 years, allowing you to decide what suits your preferences and needs best. We also offer options for longer-term renewals and early terminations, ensuring that our Members have the freedom to shape their living arrangements as they see fit. Your comfort and satisfaction are our priorities.

Can I renew my rental contract after it expires?

Yes, you have the option to renew your rental contract at the end of its term. We value long-term relationships with our Members and aim to accommodate their desires.

Are there annual rental increases?

As per the Residential Tenancies Act (RTA), annual rental increases may apply to our rental contracts. These increases are in accordance with the regulations and guidelines set forth to maintain fairness and transparency in the rental process. Rest assured, any changes will be communicated to our valued Members promptly and clearly. Our aim is to create a harmonious and respectful living environment for all our Members.

What happens if Imagine Living sells my home during the rental contract?

At Imagine Living, our priority is to provide stability and peace of mind to our valued Members. While under contract, Imagine Living will not sell any homes within our community unless it is to one of Imagine Living's subsidiary investment funds, in which case, current contracts will continue as they are. Additionally, if a home is sold to a third-party buyer and the long-term rental contract is registered under land title, the existing agreement will be honored and carried forward. Our commitment is to maintain transparency and open communication with our Members throughout their journey with us.

What happens to my home if I pass away during the rental contract?

In the event of a Member's passing, Imagine Living will handle the situation with utmost empathy and compassion. We understand that such circumstances can be difficult, and we will work closely with the Member's family to address any concerns and ensure a smooth transition.

Does Imagine Living operate in my area?

Imagine Living is continually expanding its operations to serve more areas. To find out if we currently operate in your location, please visit our website and get in touch with us directly. We are dedicated to reaching as many communities as possible, and we may already be available in your area or planning to expand there soon.

Can I apply to become an Imagine Living Member on behalf of my parents or relatives?

While you can act as a conduit and assist your parents or relatives in the application process. However, it's important to note that they must apply themselves and meet the eligibility criteria for the Imagine Living program. We value direct communication with our potential Members to ensure they fully understand the program and are comfortable with the process. So, while you can offer your support, it is essential for the applicants to apply directly to become Imagine Living Members.

How can I get in touch with Imagine Living for more information or to apply?

You can contact us through the "Contact Us" page on our website. Our team will be happy to assist you.

What happens if I want to move out of my home?

If you decide to move out of your home while under an Imagine Living rental contract, we offer early termination options to provide you with flexibility. Simply inform us six months in advance, and we will work closely with you to facilitate a smooth transition out of the Imagine Living community. We understand that circumstances may change, and our priority is to ensure your comfort and satisfaction throughout the process.

Can I customize my Member Benefits?

Absolutely! While we do offer standard Member Benefits, we understand that each member's needs and preferences are unique. We are open to considering additional services or customizations to ensure that your living experience with Imagine Living is as personalized and fulfilling as possible. Our goal is to provide you with the best possible living arrangement, and we are more than happy to accommodate your requests and preferences. Just let us know what you need, and we'll do our best to make it happen!

Can I refer a friend or family member to Imagine Living?

Of course! We encourage referrals. If you refer a friend or family member, and they become a member of Imagine Living, both you and the new member may be eligible for special rewards and benefits

How do I apply to join Imagine Living?

Joining Imagine Living is a straightforward process. You can either fill out the online contact form on our website or reach out to our team directly. After receiving your contact details, we will reach out and discuss the eligibility criteria with you. We're eager to hear from you and explore how Imagine Living can provide a personalized and innovative solution to meet your needs!