Senior Living Agreement – Key Highlights
Below is a summarized overview of our Senior Living Agreement for easy understanding.
For full legal terms, please refer to the complete agreement document.
About the Trust & Community
The Senior Living Community “ASHIANA” is owned and operated by
Lions Home Trust, a registered Public Charitable Trust.
The community is designed exclusively for senior citizens with shared facilities
and essential services.
Eligibility Criteria
- Senior citizens aged 60 years and above
- Single residents or couples (at least one above 60 years)
- Same-sex companion (relative) allowed for eligible residents
Nature of Residence
Residence is provided on a license basis only.
This agreement does not create ownership, tenancy, or lease rights.
The unit is meant strictly for personal residential use.
Application Fee & Deposits
- One-time Application Fee: Rs. 25,00,000 (partially refundable)
- Security Deposit: Rs. 5,00,000 (refundable on vacation)
- No interest is payable on deposits
Monthly Charges
Residents contribute monthly towards food, housekeeping, utilities,
security, and other shared services.
Charges may be revised annually by the Trust.
Services Available
- Housekeeping and maintenance of common areas
- Dining and nutrition services
- Healthcare and wellness support
- 24×7 security and safety systems
- Community and recreational activities
Terms & Termination
The agreement remains valid for the lifetime of the resident(s),
unless terminated earlier by either party with prior notice
as per the agreement terms.
Refund Policy
- Rs. 10,00,000 refundable if unit is vacated within 10 years
- Rs. 5,00,000 security deposit refundable irrespective of stay duration
Legal & Compliance
The Trust follows all applicable laws.
The agreement includes provisions on confidentiality,
indemnity, dispute resolution, and arbitration.
For detailed legal terms, please refer to the complete Senior Living Agreement.
Get the complete Senior Living Agreement (PDF):