If you’re considering moving into a retirement village, you want transparency and simplicity when it comes to understanding everything from costs to ownership.
Securing your property at Classic Residences is simple. All you need is a $1,000 reservation fee, after which you will be given a contract and the time required to review it thoroughly. The contract will explain in detail the type of ‘tenure’ you will have for the property. At Classic Residences we offer a Loan Lease Agreement. As with any legally-binding agreement, it is strongly recommended you consult a solicitor. If at any point before signing the contract you decide not to go ahead with the purchase, your $1,000 is fully refundable.
In addition to the purchase price, there is an ongoing service fee or levy to cover the day-to-day operating costs and the upkeep of the village. When you sell your property, you will need to pay a Deferred Management Fee (DMF), as well as other fees which are referred to in your residence contract.
Classic Residences Brighton has a manager who is onsite during business hours and is responsible for the day-to-day administration of the village. The village manager is your first point of contact if you have any questions or concerns and they will always try to address them fairly and promptly. We also encourage all of our residents to have a say in how their village is run by speaking with the village manager about any ideas or concerns, and participating in the residents' committee meetings.