IMPORTANTTHINGSTO KNOW ��,� �1 TENURE All Apartments and Villas are held by way of long term lease. Your right to occupy the Apartment or Villa and the various terms and conditions of occupancy can be found in the Lease Document, a copy is available from our Administration office. When you first move into Brooklea, you are required to pay an Ingoing Contribution Fee - please refer to Attachment D. VILLAGE LEVY As is the case in all Lifestyle and Retirement Villages, residents contribute to the overall costs of maintaining and operating the Village. Here at Brooklea these costs are apportioned to you the Lessees of individual Apartments or Villas. The garages and storage spaces are also apportioned on an equal share of costs as well. The type of costs included in the levy is: maintenance of plant and equipment, common areas, gardens, landscaping, energy costs of public and common property areas, insurance of buildings and contents (not those of each resident though) and other risks, cleaning, council rates and charges, land tax, the cost of Village Management, cost of the 24 hour emergency alarm system, control and security and other general costs of running the Village. Amendments to the Retirement Village Act 1999 provide that a Resident funded Maintenance Reserve Fund be in place for maintaining and repairing the Village's capital items. Resident contributions to this fund are included in the monthly Residents Levy. Levies are payable monthly, mid-month in advance. Interest is chargeable on levies which remain outstanding for a period in excess of 30 days. EXIT FEE To minimise your Ingoing Contribution, an exit fee is levied when leave the Village. Like any real estate transaction, we believe that Residents should be able to take advantage of any capital appreciation when their Apartment/Villa is resold. The Exit Fee is based on industry standards as outlined in the Brooklea Public Information Document (PID) - please refer to the attached, Attachment B. Your liability of these fees is limited to a maximum period of twelve months after you have given vacant possession of the Apartment/Villa. EXIT ENTITLEMENT When you leave the Village, your Ingoing Contribution is re-paid to you in full. Please Note, under the terms of your lease Australian Retirement Living Pty Ltd guarantees to repay the monies owing to you or your estate within 28 days after the Apartment/Villa is sold. FREQUENTLY ASKED QUESTI ONS Pets are allowed however you will need prior approval from Management, and number of pets will be restricted. Owners who have a cat or dog need to ensure they are de-sexed and easily controlled. There are some further conditions surrounding pets so please talk to Management. Guests are more than welcome and you would need to advise Management for any visitors staying overnight and or staying for a period of up to 4 weeks. Also Residents having a guest less than 18 years of age need to seek Management approval as well. Visitors and guests need to abide by Village codes of conduct and house rules. We value the views of our residents and we hold on a regular basis Resident Forum meetings. This is the opportunity to raise any matters and contribute to the smooth running of Brooklea. Yes we do, it is included in the Village Public Information document (PID) - please refer to the attached. ARE PETS ALLOWED? DO I HAVE A SAY ON HOW BROOKLEA IS RUN? DOES BROOKLEA HAVE A DISPUTE RESOLUTION PROCESS? CAN WE HAVE GUESTS AND VISITORS AND CAN THEY STAY OVERNIGHT? VCD Village Comparison Document TENURE All Apartments and Villas are held by way of long term lease. Your right to occupy the Apartment or Villa and the various terms and conditions of occupancy can be found in the Lease Document, a copy is available from our Administration office. When you first move into Brooklea, you are required to pay an Ingoing Contribution Fee - please refer to Attachment D. VILLAGE LEVY As is the case in all Lifestyle and Retirement Villages, residents contribute to the overall costs of maintaining and operating the Village. Here at Brooklea these costs are apportioned to you the Lessees of individual Apartments or Villas. The garages and storage spaces are also apportioned on an equal share of costs as well. The type of costs included in the levy is: maintenance of plant and equipment, common areas, gardens, landscaping, energy costs of public and common property areas, insurance of buildings and contents (not those of each resident though) and other risks, cleaning, council rates and charges, land tax, the cost of Village Management, cost of the 24 hour emergency alarm system, control and security and other general costs of running the Village. Amendments to the Retirement Village Act 1999 provide that a Resident funded Maintenance Reserve Fund be in place for maintaining and repairing the Village’s capital items. Resident contributions to this fund are included in the monthly Residents Levy. Levies are payable monthly, mid-month in advance. Interest is chargeable on levies which remain outstanding for a period in excess of 30 days. EXIT FEE To minimise your Ingoing Contribution, an exit fee is levied when leave the Village. Like any real estate transaction, we believe that Residents should be able to take advantage of any capital appreciation when their Apartment/Villa is resold. The Exit Fee is based on industry standards as outlined in the Brooklea VCD Village Comparison Document please refer to the attached, Attachment B. Your liability of these fees is limited to a maximum period of twelve months after you have given vacant possession of the Apartment/Villa. EXIT ENTITLEMENT When you leave the Village, your Ingoing Contribution is re-paid to you in full. Please Note, under the terms of your lease Australian Retirement Living Pty Ltd guarantees to repay the monies owing to you or your estate within 28 days after the Apartment/Villa is sold.
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