Finding a right-of-occupancy home
When you live in a right-of-occupancy home, you are in possession of the dwelling but you do not own it. In addition to the monthly housing expenses, you also pay a right-of-occupancy fee, which will be returned to you when you move out. The amount of the residence charge depends on the type of the dwelling and its location. The residence charge may not be higher than the rent for similar dwellings in the same area.