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What
is an "Occupation Right Agreement"?
An Occupation Right Agreement entitles a resident to occupy
a villa or apartment for their and their spouse's lifetime
(subject to certain rights of termination detailed in the
Agreement), together with the right to use buildings and
facilities intended for common use.
Who qualifies as a resident?
- You must be 55 years of age or older.
- At the time of purchase of an Occupation
Right Agreement you must be in good health
- In certain circumstances, e.g., ill health
or breach of the terms of your Agreement, the Management
has the option to repurchase your unit.
How do I apply for
an Occupation Right Agreement?
Simply complete the application form and send it, with a
ten percent deposit, to either:
The Palms Lifestyle Village
Villa 79, 45 Reed Street,
Tikipunga,
Whangarei.
Attn: Village Manager
What costs will I pay?
- The purchase price of your villa/apartment.
- The Weekly Fee. At present, this
is set at $60.00 per week; however, this is expected to
increase to approx $80.00 per week once the Community
Centre is built in the village.
- Your own personal expenses, e.g., food,
power, contents insurance.
- The Amenities Contribution.
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What
is the "Amenities Contribution"?
This is a fee that finances the maintenance of the Village.
It accrues at the rate of ten percent per annum over three
years, to a maximum of thirty percent of your Occupation
Right Agreement payment. The Amenities Contribution accrues
during residency, but only becomes payable when your Occupation
Right Agreement fee is refunded (on the reselling of your
villa/apartment).
What does the "Weekly
Fee" cover?
- Rates, levies and fees
payable to any Government, territorial or local authority.
- Water, gas, electricity,
telephones and other utilities or services in relation to
the common areas and facilities.
- Insurance premiums
and associated valuation fees.
- Salaries, wages and
other renumeration of persons engaged in the management
and operation of the Village.
- Costs of providing
security, cleaning, gardening and other services for the
general use and benefit of the residents.
- Costs of maintenance
and repair of all buildings, common areas and the Village
generally.
- 24 hour monitoring.
- Fees and expenses of
the Scheme Supervisor and Auditor.
- Reasonable depreciation
of chattels in common areas.
Can I have friends
and family to stay?
Yes, your villa/apartment is your home and you most certainly
can have them visit or stay with you!
Can I have a garden?
Yes, if you are a keen gardener, we will do our best to
cater to your requirements. If, at a later stage,
you are not able to look after your garden, Management would
take over the maintenance of it.
Can I have a pet?
Yes, you can bring your existing cat/caged bird/small dog
at the written discretion of the Management. |
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What
security do I have?
- Security gates at the
front entrance.
- Safe
Link 24 hour monitoring. This covers Ambulance,
Police or Fire
- Night
Eyes Security. 3 patrols every night.
What are my rights?
The Residents are encouraged to form their own Committee
and regular meetings will be held with the Covenant Trustee
Company (your representative) and Management to discuss
any issues that may have arisen. Residents are welcome
at the Office anytime to discuss anything that is of concern
to them. Under the Retirement
Villages Bill there is a Code of Conduct for Management
and a Code of Resident's Rights. These are available
for viewing at the Office. Click
here to download the Retirement
Villages Association (RVA) Code of Practice (requires
Acrobat
Reader).
What facilities are
close to The Palms (Whangarei)?
- Countdown
and Four
Square are both close by.
- Whangarei
Hospital is a short 10-15 minute drive.
- A variety of clubs
and organisations are all close by.
- The Palms is ideally situated, enabling you to retain your
independence even if you no longer have a vehicle.
Will there be a Courtesy
Van?
At the time the Community Centres are built, Management
will consider the needs of the residents and a Van may be
purchased if required.
Can I bring my campervan?
Yes, you can. There are designated areas at the rear
of the Villages where campervans and extra vehicles are
to be parked. It is also intended that there will
be washing facilities for vehicles here as well.
Can I have a double
garage?
There are a few places on site where double garaging is
possible.
We are going to build a "Bloke's Shed" by the
aforementioned Parking Area. We envisage that this
will be suitable for some of the projects that used to be
done in garages!
My question is not
answered here!
We are happy to answer any questions you may have, please
contact us. |
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