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 Townsend Park 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 Townsend Park 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 reservation fee is fully refundable.
In addition to the purchase price, there will be 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.
Townsend Park 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 con-cerns 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.