Exit Fees and Other Expenses

Many retirement villages have a range of fees that are payable when you leave the village. These fees are known as exit fees and can include deferred management fees (DMF), reserve fund fees, selling and marketing fees and refurbishment fees. The amount you pay often depends upon how long you have been in the village.

Be aware – you may have to continue to pay ongoing charges for some time after you leave the village unless someone else takes over your lease/licence or buys your unit and takes over those charges.