Lighthouse Estate Geraldton is a Lease for Life Retirement Village

Lease for Life

  • Incoming resident is not required to pay stamp duty on the purchase price of the lease
  • There are no rates payable by the resident
  • Low monthly management fees
  • Management fee covers all external maintenance and upkeep of the village
  • Maintenance and upkeep of the club house is covered under the management fee
  • The resident has the exclusive right to occupy the unit for 60 years
  • The resident is responsible for the internal upkeep of the unit including appliances
  • Utility cost including electricity, water consumption and telephone are payable by the resident
  • Contents insurance is required by the resident
  • Retirees WA insures the village for its replacement value which is included in the management fee
  • Outgoing fees include a 2% deferred management fee and a 0.5% major refit contribution for a maximum of ten years
  • The resident may sell the unit at any time for the market value
  • The unit can be sold by an agent chosen by the resident.

Follow Us:

Are you over 55 and looking
to downsize or a change
of lifestyle

Brought to you by:
Bookmark SiteTell a FriendPrint