Park Lane Living stands out in the land lease community landscape with its unique No Exit Fee policy, offering significant financial advantages to homeowners.
Unlike many other communities that impose a Deferred Management Fee (DMF), Park Lane Living ensures that residents retain all the financial benefits from the sale of their homes.
In typical scenarios, a DMF could take a substantial portion of the sale proceeds, often around 20%. For example, on a home sold for $450,000, a DMF would result in a hefty $90,000 fee deducted from the sale price.
However, Park Lane Living’s No Exit Fee policy means that homeowners can sell their property without such financial burdens. This policy guarantees that the full value of the property, including any appreciation, remains with the homeowner and their estate. This approach not only enhances financial security but also aligns with Park Lane Living’s commitment to wellbeing, affordability and transparency.
All fees and charges at Park Lane Living are clearly outlined in the Part 4A paperwork, which acts similarly to a lease. This ensures that residents have a comprehensive understanding of all financial aspects without any hidden or deferred fees. This level of transparency provides peace of mind and allows homeowners to plan their finances with confidence.
In addition to the No Exit Fee policy, Park Lane Living offers other financial benefits, such as discounted electricity rates and minimized home maintenance costs. These advantages, coupled with the No Exit Fee policy, make Park Lane Living an attractive option for those seeking an affordable and transparent lifestyle in a supportive community.
By choosing Park Lane Living, residents can enjoy a higher quality of life without the worry of unexpected financial deductions when they decide to sell their homes.
For more information, call Donna now on 1300 300 425. She will be happy to further put your mind at ease and hopefully set you on your downsizing journey with confidence.
