About Kurrajong Village

You must be over 55 years of age (or if a couple, at least one of you).

Only if requested to do so by the village owner.

You will pay a Lease Registration Fee as detailed in the Disclosure Statement. Kurrajong Village recommends you seek independent legal advice prior to signing any documents relating to residency. You will need to pay your own legal fees.

No, the village owner has agreed to pay any stamp duty payable for the lease.

The recurrent charges are payable monthly in advance and are detailed in the Disclosure

Statement.

These charges cover:

• council rates • water charges • building insurance • operational and maintenance costs associated with resident facilities • maintenance of gardens and grounds (you never have to mow a lawn again) • maintenance (never have to call a plumber)

• annual pest control to external areas of villa and common areas • staff wages and administration costs associated with the village • emergency call system

• village bus running costs

The recurrent charges are generally increased annually.

You will need to pay for electricity and phone services for your villa. We also encourage you to have a contents insurance policy that includes public liability cover.

You will never be required to replace an item of capital that is owned by the operator; only contribute to their repair by way of the recurrent charges you pay monthly.

Yes. These rules have been made to maintain a peaceful, comfortable and enjoyable village environment for all residents, staff, visitors and guests.

Yes. Members of committees are on a voluntary basis.

Yes. Residents are presented with the Statement of Proposed Income and Expenditure 60 days prior to the commencement of the new financial year and are asked for approval to implement. The statement reflects the cost of operating the village in accordance with resident needs.

Pets are permitted with management approval. All pets must be kept on a leash at all times whilst on the village grounds. Your pet should not impact on the quiet enjoyment of the village by other residents.

Your friends and family are most welcome to stay with you. If a guest will be staying overnight, we ask that you notify the office so that in the unlikely event of an emergency, all residents and their visitors are accounted for. If your guests, however, will be staying for more than 3 weeks in any 3 month period, prior management approval is required. Residents must always supervise their guests and accompany them when using village grounds and facilities. Your guests are not allowed to stay without the permission of management when you are not occupying your Villa.

No.

You are free to come and go as you’d like. That is the beauty of living at Kurrajong Village. Whilst you are away, you can rest assured that your villa is secure, mail will be collected and gardens and lawns maintained.

Your lease is registered on the Certificate of Title of the Land which ensures your right to occupy your villa. The terms of your lease bind any new owner. In your Lease, the village operator also promises to make sure the purchaser is bound by all contracts you entered with the village operator. The Retirement Villages Act 1999 also requires a purchaser to honour all village contracts.

You will need to give notice to management, remove possessions from the villa and return keys.

Kurrajong Village can find a buyer for your Villa, or you can engage an external agent. As with all residential property, prices are determined by market forces.

Yes. We at Kurrajong Village have adopted a system under which a proportion of our profit from owning and operating the village is gained when the resident leaves a villa and the next resident moves in. 

The departure fee is based upon the amount the next resident pays when moving into the villa, excluding any amount for altering or improving the villa. It is our priority to make sure the village will always be attractive to new residents so we can receive the departure fee as soon as possible after each resident leaves. 

In doing so, it also makes sure that each resident has repaid their loan and any surplus to which they may be entitled if the amount of the next resident's loan is greater than the amount of the resident's loan, as soon as possible after each resident leaves. 

The departure fee is calculated on a daily basis for each day the resident's lease continues until the resident has permanently vacated the villa. The maximum number of days is 1825 (5 years) and the maximum percentage is 35%.

Yes.*

Yes.*