Joseph Schlicht

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A Smart Financial Structure

Oakland County seniors who are concerned about their retirement costs will enjoy financial peace of mind at Fox Run in Novi. 


Our Financial Structure Includes Two Basic Costs:

  1. The 90% Refundable Entrance Deposit*
    This one-time entrance deposit secures your independent living apartment home for as long as you live here. It’s 90% refundable to you or to your estate.

  2. Monthly Service Package**
    The convenient Monthly Service Package bundles almost all of your regular living expenses into a single monthly fee for a set amount.

Betty Inabinett

Here I have just one bill. I know exactly what I’m going to spend each month.

—Betty Inabinett

A Solid Financial Track Record

Consider these facts, which speak to Fox Run’s financial strength and stability:

  • Home for Life commitment
    Fox Run maintains a Benevolent Care Fund designed specifically to assist eligible residents who outlive their resources. No one has ever been asked to leave the community because of a genuine inability to pay.
  • Fee-for-service advantage
    As a fee-for-service community, we don’t make you pay upfront for health care services that you may never need. Unlike a life care model, we only charge for a higher level of care when and if it’s needed—an approach that could save you and your family thousands of dollars every year that you remain independent.
  • Consistent growth
    Fox Run has seen steady and consistent growth since opening in 2003. The community is currently comprised of two residential neighborhoods, two clubhouses, and a dedicated continuing care neighborhood. A new residence building is currently under construction.
  • High occupancy
    Fox Run has exceeded industry occupancy standards every year we’ve been in operation. 
  • Profits stay within the community
    As a not-for-profit community, Fox Run reinvests earnings into the community to provide residents with an extraordinary lifestyle at an affordable cost.
  • A solid foundation
    Fox Run is one of 19 communities managed by Erickson Living, one of the nation’s largest developers and operators of continuing care retirement communities. 

*See our Residence and Care Agreement for details.

**Ancillary services are available for an additional fee.