[§524-1] Definitions. As used in this chapter:
"Facility" means a multi-unit residential building, including all operations associated therewith, used for retirement purposes in which living units are leased for a term to last for the lifetime of the lessee and the lessee's surviving spouse, where the living unit is used as a residence by the lessee and the lessee's surviving spouse, and where the living unit reverts back to the lessor upon the death of the lessee and the lessee's surviving spouse.
"Lessee" means the person or persons leasing a living unit in a facility. [L 1979, c 2, pt of §2]
Revision Note
Numeric designations deleted.
Section: 524-1 524-2 NextLast modified: October 27, 2016