What is independent living?
Independent living provides accommodation for retirees who are able to live and care for themselves.

What is the benefit of leasehold?

• - Leasehold is the most common form of title in the retirement industry. The major benefit for residents in a Leasehold Title village is that the operator has a long term vested interest in the continuing success of the village.  The operator is therefore dedicated to maintaining a high standard in the provision of facilities and services and hence the need for a deferred management fee. In addition, there is far better management practice and effort put into the business by the owner.
  
• -There are significant savings on stamp duty when compared with strata title. For example; a unit costing $ 1 000 000, 00 under strata title attracts stamp duty of $ 40 490, 00, whilst under a 99 year lease the same unit attracts no stamp duty  - a very tangible saving to the purchaser.
  
•  -When you sell your unit the operator pays for and completes any necessary refurbishment of your villa before it is sold. Under strata Title either you or your family would have to organize and pay for any refurbishment.
  
•  -Leasehold documentation is simpler than Strata Title. Security of tenure is guaranteed by registration of the leasehold at the Land Title’s Office. Your lease is for a term of 99 years.
  
•  -An easier management structure. Under leasehold structure there is only one levy to pay. Under strata structure there are two.
  
• -Less bills to pay. Under leasehold the council and water rates are included in the recurrent change whereas under strata they are paid for by the residents.
  

What support services are available to me?
Preparation of meals, personal care, shopping, housekeeping, transport Home support services are provided on a fee for service basis.

What are the recurrent charges?
Recurrent charges, payable monthly, cover the operating costs of the village including water, rates, council rates, sewerage, insurance and maintenance of all buildings, cleaning of communal areas and rubbish removal, village management and other general costs of running the village Recurrent charges are reviewed annually and any variations must be considered and approved by residents prior to implementation.

What other expenses am I responsible for?
You would pay your own electricity, phone bill and contents insurance.

What is a deferred management fee?
A departure fee is a percentage of the relevant ingoing contribution payable when you leave the village.
Lifestyle Manor Bondi retains 3.5% per annum of the ingoing contribution for a minimum of 3 years and a maximum of ten years. When the resident leaves the village, the resident will, subject to the deferred management fee be entitled to 100% of any capital gain in respect of the unit. 

Can I have family and friends to stay?
 Yes

Can I bring a pet?
Yes, pets under 6kg are permissible. There are rules about keeping control of your pet to protect the safety and comfort or other residents.