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Frequently asked questions about retirement villages

Carmel Country Estate is situated ten minutes from downtown Tauranga and 20 minutes from the beautiful beaches of Mt Maunganui in the picturesque Bay of Plenty, New Zealand. We are a privately owned and operated retirement village allowing us to provide our residents with a unique personal service.

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Frequently asked questions 5 - 8

 

The deferred management fee is calculated as follows:

Under Licence to Occupy the deferred management fee is calculated against the purchase price of the unit to a maximum of 30% over three and a half years.
5 What does my Weekly Management Fee cover?    
  • Resident Manager or caregiver living on site
  • Maintenance of grounds, gardens and lawns
  • External maintenance of the complexes' fences, walls, etc
  • Public lighting of streets
  • Operating and maintenance of common facilities of community centre
  • Administration costs including staff and 24-hour response to call button care system in unit
  • Maintenance of courtesy transport
  • Insurance on units
  • Maintenance to exterior of unit (under Licence to Occupy only)
  • Rates (under Licence to Occupy only)

    From time to time the Weekly Management Fee will need to be reviewed and Management reserves the right to adjust these costs.
6 Do I have any other costs?     Additional costs are as follows:
  • General running expenses for your unit - eg, power, telephone, household insurance, exterior and interior decorating. Any major decoration should always be carried out in consultation with management.
7 Who looks after the Residents' interest?     Licence to Occupy - the Covenant Trustee Company Limited (referred to as the “Statutory Supervisor”) has been appointed under a Deed of Participation as Statutory Supervisor for the Residents. This appointment is made under the Securities Act 1978 and the Deed of Participation provides for the Statutory Supervisor to act in the interests of the Residents.
8 What shopping and other facilities are there nearby?     Carmel Country Estate is situated on Hollister Lane off Poike Road, which is adjacent to Highway 29 being the main highway from the Waikato over the Kaimai Ranges to Tauranga, Mount Maunganui, Te Puke and Rotorua.

Greerton, a busy shopping suburb of Tauranga, is only four minutes away, catering for all your shopping needs and community facilities such as bowling greens, tennis courts, golf clubs and churches of several denominations. Bayfair Shopping Centre is only ten minutes away where you cab shop with ease and enjoy a selection of cafes in their Foodcourt, all under one roof. A shopping bus passes along Poike Road twice daily and our Village courtesy van makes weekly shopping trips to the various local shopping centres.

 

 


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