Friday, 6 April 2018

Retirement Village Operator Breaks Ranks

Retirement Village Operator Breaks Ranks - The Sydney Morning Herald reports:- Retirement Village Operator Breaks Ranks Over Contracts 

"Lendlease is breaking ranks with the other big retirement village operators to introduce payment options with no exit fees.

Lendlease, Aveo and Stockland – the three biggest operators of retirement villages – have traditionally cleaved to a model whereby the resident pays less up front but the operator claws back a hefty “deferred management fee” when they leave.

Lendlease has now introduced a choice of four financial models at 15 of its 71 retirement villages, with plans to extend them across the board after market feedback. Lendlease would still offer its existing contract, whereby a person buys a unit then pays a deferred management fee at the end. 

The three new options include a pre-paid plan, a refundable contribution and a pay-as-you-go model."
Read the full story here:- Lendlease breaks ranks over RV contracts

Retirement Village Operator Breaks Ranks

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