Page 15 - Enliven Huntleigh Brochure
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The fees
Entry payment
The entry payment is the price you pay for the licence to occupy your apartment for as long as you wish. Prices for apartments vary depending on their size and location of the apartment.
The entry payment for apartment .................................................. is ....................................................................as at ............................................................ The entry payment for apartment .................................................. is ....................................................................as at ............................................................
Monthly outgoings charge
Residents at Huntleigh Apartments pay a monthly fee (called an Outgoings Charge). This covers things such as rates, water, security, property maintenance and gardening, building insurance, village management, smoke alarms, rubbish removal and other operating costs.
The current monthly outgoings charge is:
We guarantee that the monthly fee will never increase by more than the percentage increase in the National Superannuation Rate.
Remember: you’ll still be responsible for the cost of your own electricity usage, telephone and internet connection and usage, and contents insurance.
Village contribution
When you leave Huntleigh Apartments and a new resident is ready to move in, we give you back your Entry Payment less a certain percentage depending on how long you have lived in your villa. That percentage is called the Village Contribution. This payment covers the cost of refurbishing your apartment and advertising it for sale. This means you and your family don’t have the stress and hassle.
At Huntleigh Apartments we guarantee the Village Contribution will never be more than 25 per cent of your Entry Payment, regardless of how many years you have lived there.
The Village Contribution is calculated as follows:
• five per cent of the Entry Payment on the
commencement date of the Occupation Right Agreement, plus
• four per cent per year for up to five years (to a maximum of 20 per cent of the Entry Payment).
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