Disclosure Statement

Disclosure Statement

The Disclosure Statement must be provided to an intending resident prior to any commitment to occupy. It describes detail relating to Village ownership, management and supervision

• the physical state of the village (whether or not it is completed, or there is a building programme in progress)
• occupancy (number of empty units)
• sales detail (average time to re-licence vacant units)
• services and facilities included in unit purchase costs as well as weekly outgoings

• whether or not the weekly service fee is fixed for your term of occupancy, or variable
• charges of all kinds including entry costs, transfer costs, periodical charges, and charges for both long term village maintenance and refurbishment, rates, insurance, and personal care requirements
• the preparation, auditing and disclosure of financial accounts for the retirement village.