Chatham Park South Co-Op

A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium. A retirement home differs from a nursing home primarily in the level of medical care given. A nursing home may be a good choice if both medical and personal care needs have become too great to handle at home. Assisted living comes by many names, such as residential care, board and care, or group homes. Each state licensing agency has its own definition of the term it uses to describe assisted living. Senior Living - info and advice for older adults. Retirement homes are privately owned rental accommodations for seniors who are able to manage and pay for their own care. More than two-thirds of the states use the licensure term assisted living.