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1. What is Licence to Occupy?

   Licence to Occupy offers the resident an Occupational Licence which entitles the residents to occupy a residential unit together with the right to use in common with others, the land, buildings and facilities intended for common use in the Village.

2. Will I qualify as a Resident?

   You will be required to meet the guidelines set out by Carmel Management before becoming a resident of the Village. These guidelines are:

• That you must be over 55 years of age.
• In good health at the time of purchase.
• The Management will have an option to repurchase your unit in the event that you wish to resell it, or in the exceptional circumstances such as the mental incapacity of a resident, or a resident becoming disruptive to the other occupants of the Village.
• The Management of Carmel Country Estate hold the responsibility of the Village and its residents and its prime objective is to keep peace and harmony within the Village. Acceptance of a person as a resident of the Village will be at the sole discretion of the Management.

3. What does it cost for me to be a Resident in the Village?

   Your costs are broken down into the following categories:

(a) The purchase price of your unit
(b) A weekly management fee, which is set by the Management and payable four weekly in advance by automatic bank payment, is $104.00 NZD under Licence to Occupy, as the rates are included.
(c) Maintenance of the interior of the unit.
(d) A deferred management fee/amenities contribution payable on the resale or transfer.

4. What is the Deferred Management Fee or Amenities Contribution?

   This is a fee which accrues during the period of ownership but only becomes payable when a unit changes ownership or occupation. It is common practice in the retirement village industry to charge such a fee. The deferred management fee finances the ongoing development of the village and maintenance costs not covered by the weekly management fee.