How much does it cost to live in Northwood?
Community members decide whether to increase the rent and by how much.
- Each Member household pays three charges.
- The first is the Application Fee of $25 for each adult in the home.
- The second charge is one-time Membership Deposit. And, Members get their Membership Deposit back if they sell their homes.
- The third charge is the lot rent that is collected monthly to pay for operating expenses like taxes, insurance, trash/recycling collection and the Corporation’s mortgage payments. Lot rent is currently $340 per month.
- We now have control over when and why our rent changes.
- Find out more about the application process here.