Issues for Intending Residents
This is a basic list in a wide ranging area and seeking expert legal advice will be time well spent, as will meeting current village residents:
- Financial stability of the villages
- Management background
- Dependent sale status
- Services agreement
- Lifestyle issues such as car parking, pets and visitors
- Departure fees calculation method and capped amount
- Refund basis for prepaid rent
- Refund of initial purchase monies regarding re-sale or commissions
- Handling capital gain
- Capital loss liabilities
- Handling stamp duty
- Maintenance fees
- Liability for maintenance fees after vacating
