conveyancing Blog

A deferred management fee—also called a departure fee—covers any expenses incurred by a retirement community during your residency, and is charged when you move out. When you sell your unit, the community deducts this fee from the sale price.

The services it covers vary by community but can include:

  • Refurbishing your unit after you leave
  • Marketing your former unit for sale
  • Legal fees to re-licence your former unit
  • Communal area maintenance

Your community usually calculates this fee by multiplying a percentage of your purchase price by how many years you lived in the unit. In most cases,...

The Bollen Memo - Episode 6

This month we speak to Lydia Brown, one of our Solicitor's here at East Coast Law about Personal Property Securities and the Personal Property Securities Register. Find out how to use the PPSR and...