Contract payment options

With three payment options to choose from, you can easily plan your finances and take control of your retirement journey.

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 an 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.

Option 3

Capital Share

Gives a 50% share of capital gains - great if you're planning on buying in an area where you expect property prices to grow.

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 three contract payment options?

Our three payment options - Pay Upfront, Pay Later and Capital Share - offer different approaches to managing changes in the property market.

	Option 1 - Pay Upfront	Option 2 - Pay Later	Option 3 - Capital Share
Management Fees	✔ Upfront Fee 20% of purchase price	✔ Exit Fee (max. 25%)*	✔ Exit Fee (max. 35%)**
Reinstate/renovation cost (state by state dependant)	✗ (except beyond fair wear and tear)	✗ (except beyond fair wear and tear)	✔ Resident contribution dependent on works required
Sales/admin costs (unless a 3rd party sales agent is appointed)	✗ Nil	✗ Nil	✗ Nil
Re-payment timing after departure guarantee^	6 months	6 months	18 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	✔ Share in capital gains of 50% ✔ More attractive for a customer with a higher risk appetite
Things to consider			50% share of any capital loss

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.

*This exit fee applies to The Cambridge only. Other Levande villages are a maximum of 30%. Levande recommends you seek independent legal and financial advice before entering into a contract.

**Capital Share option applies to The Cambridge only.

What is the Management Fee?

What is the Levande Departure Guarantee (LDG)?

Do I have to pay for renovation or refurbishment costs?

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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 November 2022.