How It Works
Title to the land on which Hibiscus resorts stand is freehold. All properties are purchased by way of a Lifetime Lease. The lease is registered with the Queensland Land and Titles Office in your name.
You have the option of sharing in the capital appreciation, and because we are selling our homes at a very reasonable price, you can be assured of capital gain in years to come.
As the operator of a leasehold resort we are bound to provide services, facilities and maintenance.
An Exit Fee is payable at the time of resale of the unit and a General Services Fee is payable each month.
Fees
Exit Fees
The Exit Fee is payable at the time of the resale of the unit. The development of a Retirement Resort involves considerable capital expenditure on ongoing refurbishment, a cost that is not recoverable within the price structure of the units. The Exit Fee therefore meets these costs without involving a drain on the weekly income of residents.
General Service Fee
As is the case in all Retirement Resorts, residents contribute to the overall costs of maintaining and operating the Resort. These costs are apportioned to each unit on an “equal share” basis by way of a charge known as the General Services Fee.
This charge covers expenditure such as council rates, on-site management, building insurance (but not contents), the upkeep of resort infrastructure (external painting and repairs) and maintaining the gardens of the common areas of the Resorts costs associated with the Resort bus and administration.
If you would like more information:
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