A lump sum amount of money paid by a resident at the beginning of his/her residency that provides the right to occupy the residence. When there is an entrance fee, the resident often pays a lower monthly service fee than the resident who rents the unit on a monthly basis. Properties included in NIC MAP were designated as Entrance Fee properties if they charge a minimum of $20,000 for the lump sum up-front fee. Entrance fees may range from $20,000 to more than $1,000,000.