Does the Village offer a deferred management fee? What is it, and how is it applied?

Does the Village offer a deferred management fee? What is it, and how is it applied?

Yes Catalina offers a deferred management fee (DMF), which is payable upon your exit from the Village. In a Retirement Village (as opposed to Land Lease or “Lifestyle” Village) the operator is responsible for the cost of repairing or replacing all capital items (ie. Ovens, Hot Water Services, Air Conditioners etc) should they break down during your period of residency, as well as a Maintenance of your Villa and gardens. The Operator is also responsible for refurbishing the Villa (save for fair wear and  tear) when the villa turns over.

2018-07-25T17:23:09+00:00January 31st, 2018|