Costs and Ownership

Contract Types & Tenure

Securing your property at The Lakes 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 The Lakes we offer a strata title. As with any legally-binding agreement, it is strongly recommended you consult a solicitor.

Ongoing and Outgoing Fees

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. Lendlease does not make a profit from this levy. When you sell your property, you will need to pay a Deferred Management Fee (DMF), also known as a ‘exit fee’. All of the costs will be explained to you by your Sales Manager and are outlined in the Prospective Costs Document that will be provided to you when you are ready to take that next step.

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Village Management Structure

The Lakes has a village manager who is onsite during business hours and is responsible for the day-to-day administration of the village. If you have any questions or concerns, your village manager will endeavour to address them as swiftly and mindfully as possible. You are also encouraged to have a say in how your village is run by sharing any ideas you may have with your village manager.