Leisure World Seal Beach Escrow Report: August 2024

The GRF Stock Transfer office tracks escrow sales each month to monitor sales of units in Leisure World. Home sales provide an important component to GRF revenue streams. With the sale of every unit, there is a one-time Trust Property Use Fee that is directly channeled into the GRF reserve fund.

The GRF reserve fund covers the costs of future maintenance, replacement or repair of major assets. The GRF is required to maintain the fund in accordance with applicable law.

On-Site Home Sales is the GRF’s only official real estate agency. Each year, On-Site Home Sales returns between $500,000-$900,000 to the GRF. The annual give-back helps offset monthly assessment fees for every LW resident.