Contract payment options

Clear contract options for flexibility and freedom

Enjoy the confidence of finding the right home to meet your retirement living needs.

Option 1

Pay Upfront

Simplify your home buying journey - gain certainty on management fees by making a convenient 20% upfront payment of the purchase price.

Option 2

Pay Later

Perfect for planners – provides a clear advance picture of all upfront costs and the management fee due when you sell your home which is capped at 30%.

Contract FAQs

Here are the answers to some of the most frequently asked questions about our contract. To ensure you make the best choice, we always recommend incoming residents consult independent legal and financial advice before entering into a contract.

What’s the difference between the two contract payment options?

Our two payment options – Pay Upfront and Pay Later – offer different approaches to managing changes in the property market.

	Option 1 - Pay Upfront	Option 2 - Pay Later
Management Fees	✔ Upfront Fee 20% of purchase price	✔ Exit Fee 6% per annum over 5 years (max. 30%)*
Reinstate/renovation cost (state by state dependant)	✗ (except beyond fair wear and tear)**	✗ (except beyond fair wear and tear)**
Sales/admin costs (unless a 3rd party sales agent is appointed)	✗ Nil	✗ Nil
Re-payment timing after departure guarantee^	6 months	6 months
Benefits	✔ Know exactly how much your management fees will cost and pay these at a discounted rate by paying upfront ✔ Allows you to consider and manage your pension eligibility ✔ No management fees to pay on exit	✔ Provides a clear picture of expenses when selling the home ✔ Financial security — know exactly what costs you incur upon leaving the village; can plan for next steps accordingly whether it be aged care or children's inheritance ✔ More attractive for the risk averse customer

*For Serviced Apartments this is calculated at a rate of ✔ 10% per annum for a period of 3 years (to max. 30%)

**For Serviced Apartments, ✔ the resident contribution is dependant on the works required

The figures referred to in the table above apply to Independent Living Units (ILUs) and may indicate features which may differ or which are not available for all homes or may vary between homes. Levande recommends you seek independent legal and financial advice before entering into a contract.

What is the Management Fee?

What is the Levande Departure Guarantee (LDG)?

Do I have to pay for renovation or refurbishment costs?

Contact Us

Get more information or take the next step on your retirement journey.

1800 72 71 70

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While every effort is made to provide accurate and complete information, Levande does not warrant or represent that the information in this article is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot be excluded, Levande accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information. Levande reserves the right to change or amend details as circumstances dictate. This page may refer to features which are not available for all homes or may vary between homes. Levande recommends you seek independent legal and financial advice before entering into a contract. Published January 2021.