Ownership
Unlike most Retirement Complexes, Golden Pond Home Units are sold with a Freehold Stratum Title which is invested in your name. This Freehold ownership offers the best form of security available.
Lifecare Fee
A Lifecare Fee is payable in recognition of the capital associated with the Golden Pond Village with its associated facilities and services for your use.
The Lifecare Fee is payable on the resale of your Home Unit and shall be the total of:
A base fee of six per cent (6%) of the resale price of the Home Unit
PLUS
For the first and subsequent 6 monthly period or part periods of occupation two per cent (2%) of the resale price of the Lifecare Unit.
BUT the Lifecare Fee payable shall not exceed Twenty per cent (20%) of the resale price of the Lifecare Unit.