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The Green at Lakelands Country Club

Clubhouse Lane, Gnangara WA

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IN THE FOLLOWING CONTACT FORM:

 

THE GREEN - A FAIRWAY VILLAGE

A CASE STUDY IN LEASE FOR LIFE VS THE GREEN

CASE STUDY:
EMMA AND HER LEASE FOR LIFE

EMMA, an active 65-year-old, purchased a new home at Gildarrup Lifestyle Village for Over-55’s. Emma leased (bought) her home from the Developer for $500,000. Emma signed a Lease for Life Contract with the Developer to pay a weekly Management Fee of $85 - $135 and moved into the existing home where she enjoyed 15 years of companionship and security living in the village.

 

When Emma turned 80, she decided to move into an aged-care facility.

The Developer arranged to sell Emma’s home which she was informed had increased in value and accepted an offer for $900,000. After selling fees, Emma received $880,000.

Under the terms of the Lease for Life Contract, Emma paid a large percentage of the sales proceeds in Deferred Management Fees plus Sinking Funds, Termination Fees and other costs. Emma was left with $630,000 having paid $250,000 back to the village, which is only 26% more than the $500,000 purchase price after 15 years.

 

VS

CASE STUDY:
CATHERINE AT THE GREEN - A FAIR
WAY VILLAGE

CATHERINE, an active 65-year-old, purchased a new home at The Green – A Fairway Village for Over-55’s. Catherine bought her home from the Developer for $500,000 and the title to the property was transferred into her name.

 

Catherine paid a weekly Management Fee of $85 - $135 and moved into her brand new home where she enjoyed 15 years of companionship and security living in the village.

When Catherine turned 80, she decided to move into an aged-care facility.

Catherine and her family had the freedom to choose the sales agent and made all the arrangements to sell her home. Catherine’s home had increased in value and it sold for $900,000. After agent’s fees, Catherine received $880,000.

Because Catherine lived in a Fairway Village, she owned her own home and there were no Deferred Management Fees, Sinking Funds, Termination Fees or other costs to pay. She and her family kept the entire $880,000. This is 76% more than the $500,000 purchase price after 15 years.

* Calculations have been independently verified