Loan/Lease Tenure - Retirement Living
Carinya Retirement Village offer a Loan/Lease Tenure option for all of our Curphey Court and Farrell Drive Units. Our newest development being Farrell Drive offer 2 Spacious Bedrooms, Open Plan Living and Kitchen area, Alfresco, Secure Garage and a Low Maintenance Garden.
Most recently, four units have been completed in Farrell drive and offer a brilliant view of the adjoining farming land and rolling hills. Generally we have a wait list for our new units and occupancy occurs immediately after development has finished. Registering your interest is advisable to avoid disappointment. Carinya do offer a deposit option to secure new units "off-the-plan", this means you can secure your preferred unit before building has been completed.
How does a Loan/Lease Tenure work?
Carinya has developed a Loan/Lease Tenure agreement which is transparent and upfront. Whilst residents will never own the house they live in, they will also never have to worry about being unable to sell their home either (which sometimes can be hard given Retirement Villages are a niche market). To Loan/Lease Tenure a Carinya home residents will need to pay the below fees (including but not limited to)
In-going contribution is a once-off refundable payment made by a resident to Carinya in return for obtaining the right to live in a home at Carinya Retirement Village under the terms of a retirement village contract.
Ongoing fees are payable on a fortnightly basis as a contribution to the day to day running costs of the Carinya Retirement Village. The setting of service fees, including the annual budgeting process, occurs in accordance with the retirement villages legislation that applies in the State in which the community is located. Fees include such things as general maintenance of homes and retirement village, council rates and some community activities (Carinya Hub).